On the market demand side, sit yards are strategically located downstream, close to clusters of beneficiaries/clients. The use of sit yards is a widely used and cost-effective business model, sometimes described as offering rail freight customers the flexibility of a «large but specialized wheeled freight warehouse.» Over time, a clearly defined price structure for railcar parking has developed. Subscription or private negotiations allow digital access to prices from different regions and land suppliers to verify spot prices. As a general rule, two price structures are proposed. One is for empty railcars, the second for railcars stored with goods on board. Now that we have dealt with best business practices, here`s why private railway yards are an important business market. Today, in mid-2020, warehouses are an interesting industry, with between 25% and 33% of the North American rail fleet technically in some sort of warehouse until the uncertainty of the COVID 19 pandemic crisis stabilizes. Many of these shipyards are called sit shipyards (storage in transit), a growing industry. Sit stations are private and operated.
They are found throughout the U.S. and Canadian network and at strategic market locations within Mexico. Its role is to provide a supply of ready-to-use railcars near clusters of production facilities. The «chemical coast» of New Jersey or the huge petrochemical coast of Louisiana in the Texas Gulf are examples of sites close to sit yards. This is the bidding yards model for SIT facilities. Most of G-W`s 113 North American railroads offer storage options for your unused railcars. In addition to the rail safety program, here are some practical tips on good engineering and accident investigation practices that are part of my rail career. If you need to keep your railcars, one of the selection criteria reflects the safety and inspection image that is important to your business. Do you buy cheap storage? Or are you more interested in good practice providers? How do you rate best practice services? Prices for railcar movements (switching and traction) and separate maintenance services are also widespread in the market. Prices are usually agreed for a monthly or longer period. Benefits for the use of the company`s railways for the storage of railcars: first, the basic training is to ensure that the chief operating officer knows how to direct the employees of the local shipyard who are subject to the maintenance obligation for preventive maintenance work. Second, inspectors must be able to identify potential derailment points before they become critical and, of course, the maintenance manager should be able to determine whether the contractor is operating at an acceptable level.
After training, track inspection is the court`s first line of defence.