Just the cost of doing business as a Class 1 railroad.
Balt, I think I remember reading that the major railroads take care of these kinds of accidents, rather than having insurance.
Is that correct?
My understanding is that the Class 1’s only have insurance for catastrophic incidents. I have heard various figures for the ‘deductable’ being between half a million and a million (and what the railroads are calculating the damages on are not the retail value of any of the products involved).
My understanding of the auto biz is that owing to the various fix costs and overheads in running an auto company, there really isn’t any one set “price” for an automobile.
There is the sticker price (manufacturer suggested retail price or MSRP), the dealer invoice price, the “real” dealer price after various kinds of dealer rebates to “move the metal” not revealed to the customer and the price for bulk fleet purchases, which are often argued to be below the “economic” price to recoup the fixed costs and overheads of keeping an auto company going.
Back many more years than I care to admit, there was a rock-bottom "internal pr
Here’s a solution to graffiti on Union Pacific’s auto carriers – burn it off. https://nebraska.tv/news/local/north-platte-fire-dept-gives-details-behind-train-car-fire-at-bailey-yard I didn’t read what kind of new cars were in the carrier, but it has to be an expensive loss for UP. Just the cost of doing business as a Class 1 railroad. Balt, I think I remember reading that the major railroads take care of these kinds of accidents, rather than having insurance. Is that correct?
Large corporations and other similar entities always have large deductibles on their insurances. $1,000,000 is common for property and casuality losses. Many of the bigger ones also use their own “captive” insurance companies for various amounts as the first layer of protection before outside insurance kicks in. Usually there are various “layers” from different insurance companies. Its common for Lloyds to write the top layer.
Many corporations have a large insurance deductible. They usually cover it with a reserve fund.
Funding for the reserve fund is usually baked into the price of the goods and/or services. So, it is the customers – collectively – that pay for uninsured damages. It would be rare for the stockholders to have to eat the expense.
To know for sure how much of the loss, if any, is covered by insurance, one would need to look at UP’s insurance policies and provisions for loss reserve accounts.
In my experience graffiti is not only more pravalent in Europe, the quality of it is much lower. We have some really good taggers in the U.S–true artists–while most European graffiti is something written in black spray paint.
Like others here, I’ve always been very impressed by the taggers who manage to cover the entire side of an auto rack.
Well, we should qualify that.
I’m impressed with the effort and execution, a lot of it’s very ingenious and makes great use of color and style, BUT, anyway you slice it, it’s still vandalism.
Imagine if they put that kind of effort onto traditional canvas. And don’t say “They probably can’t afford regular art supplies.” Uh-uh! Spray paint doesn’t come cheap either, especially in the amounts they use.
One way to discourge the little hoodlems is a 12 gausge round filled with rock salt. Won’t kill them as well as salt in an open wound hurts like hell. Also when they can’t sit down for a month it might also help discouage them.
Yeah, no.
Besides, you have to find them first. Good luck.
You left out the magnesium powder with the rock salt. That’s much more convincing. It even works on drunken Ivy Leaguers.
Shoot into a puddle…
You’re presuming that they actually buy it…