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What is a “grandfathered” boxcar?

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What is a “grandfathered” boxcar?

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The term “grandfathered boxcars” refers to the select fleet of boxcars owned by the Class III carriers as of December 31, 1983 that were exempt from the deprescription order. (ExParte 346 Sub. 19) Car hire rates for Grandfather Boxcars are “frozen” at the rate levels in effect on January 1, 1986.

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