Indiana Harbor Belt Railroad Co. V. American Cyanamid Co.
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Indiana Harbor Belt Railroad Co. V. American Cyanamid Co.
''Indiana Harbor Belt Railroad Co. v. American Cyanamid Co.'', 916 F.2d 1174 (7th Cir. 1990), is a decision of the United States Court of Appeals for the Seventh Circuit authored by Judge Richard Posner. The case has subsequently become a staple of first year Torts courses taught in American law schools, where the case is used to address the question of when it is better to use negligence liability or strict liability. Background American Cyanamid was a manufacturer that produced chemicals, including acrylonitrile, which is used in making acrylic fibers, plastics, dyes, pharmaceutical chemicals, and other products. In January 1979, American Cyanamid wanted to ship acrylonitrile from its plant in Louisiana to its plant in New Jersey.''Indiana Harbor Belt Railroad Co. v. American Cyanamid Co.'', 916 F.2d 1174, 1175 (7th Cir. 1990) It therefore leased a tank car from the North American Car Corporation, filled it with 20,000 gallons of liquid acrylonitrile, and the Missouri Pacif ...
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United States Court Of Appeals For The Seventh Circuit
The United States Court of Appeals for the Seventh Circuit (in case citations, 7th Cir.) is the U.S. federal court with appellate jurisdiction over the courts in the following districts: * Central District of Illinois * Northern District of Illinois * Southern District of Illinois * Northern District of Indiana * Southern District of Indiana * Eastern District of Wisconsin * Western District of Wisconsin The court is based at the Dirksen Federal Building in Chicago and is composed of eleven appellate judges. It is one of 13 United States courts of appeals. The court offers a relatively unique internet presence that includes wiki and RSS feeds of opinions and oral arguments. It is also notable for having one of the most prominent law and economics scholars, Judge Frank H. Easterbrook, on its court. Richard Posner, another prominent law and economics scholar, also served on this court until his retirement in 2017. Three judges from the Seventh Circuit, Sherman Minton, John Pau ...
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Pharmaceutical Industry
The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered to patients (or self-administered), with the aim to cure them, vaccinate them, or alleviate symptoms. Pharmaceutical companies may deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy using drug testing and marketing of drugs. The global pharmaceuticals market produced treatments worth $1,228.45 billion in 2020 and showed a compound annual growth rate (CAGR) of 1.8%. History Mid-1800s – 1945: From botanicals to the first synthetic drugs The modern era of pharmaceutical industry began with local apothecaries that expanded from their traditional role of distributing botanical drugs such as morphine and quinine to wholesale manufacture in the mid-1800s, and from discoveries resulting from applied research. Intentional drug ...
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Blue Island, Illinois
Blue Island is a city in Cook County, Illinois, located approximately south of Chicago's Loop. Blue Island is adjacent to the city of Chicago and shares its northern boundary with that city's Morgan Park neighborhood. The population was 22,558 at the 2020 United States Census. Blue Island was established in the 1830s as a way station for settlers traveling on the Vincennes Trace, and the settlement prospered because it was conveniently situated a day's journey outside of Chicago. The late-nineteenth-century historian and publisher Alfred T. Andreas made the following observation regarding the appearance of the young community in ''History of Cook County Illinois'' (1884), "The location of Blue Island Village is a beautiful one. Nowhere about Chicago is there to be found a more pleasant and desirable resident locality." Since its founding, the city has been an important commercial center in the south Cook County region, although its position in that respect has been eclipsed i ...
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Riverdale, Illinois
Riverdale is a village in Cook County, Illinois, Cook County, Illinois, United States. The population was 10,663 at the 2020 census. The village shares its name with the bordering Riverdale, Chicago, Riverdale neighborhood in Chicago. Geography Riverdale is located at (41.640684, -87.630645). According to the 2010 census, Riverdale has a total area of , of which (or 95.33%) is land and (or 4.67%) is water. Surrounding areas : Chicago : Calumet Park, Illinois, Calumet Park Chicago : Blue Island, Illinois, Blue Island Dolton, Illinois, Dolton : Dixmoor, Illinois, Dixmoor Dolton, Illinois, Dolton : Harvey, Illinois, Harvey / Dolton, Illinois, Dolton Demographics 2020 census ''Note: the US Census treats Hispanic/Latino as an ethnic category. This table excludes Latinos from the racial categories and assigns them to a separate category. Hispanics/Latinos can be of any race.'' 2010 Census As of the 2010 census, there were 13,549 people, 4,595 households, and 3,204 f ...
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Rail Yard
A rail yard, railway yard, railroad yard (US) or simply yard, is a series of tracks in a rail network for storing, sorting, or loading and unloading rail vehicles and locomotives. Yards have many tracks in parallel for keeping rolling stock or unused locomotives stored off the main line, so that they do not obstruct the flow of traffic. Cars or wagons are moved around by specially designed yard switchers (US) or shunters, a type of locomotive. Cars or wagons in a yard may be sorted by numerous categories, including railway company, loaded or unloaded, destination, car type, or whether they need repairs. Yards are normally built where there is a need to store rail vehicles while they are not being loaded or unloaded, or are waiting to be assembled into trains. Large yards may have a tower to control operations. Many yards are located at strategic points on a main line. Main-line yards are often composed of an up yard and a down yard, linked to the associated direction of travel. ...
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Consolidated Rail Corporation
Conrail , formally the Consolidated Rail Corporation, was the primary Class I railroad in the Northeastern United States between 1976 and 1999. The trade name Conrail is a portmanteau based on the company's legal name. It continues to do business as an asset management and network services provider in three Shared Assets Areas that were excluded from the division of its operations during its acquisition by CSX Corporation and the Norfolk Southern Railway. The federal government created Conrail to take over the potentially-profitable lines of multiple bankrupt carriers, including the Penn Central Transportation Company and Erie Lackawanna Railway. After railroad regulations were lifted by the 4R Act and the Staggers Act, Conrail began to turn a profit in the 1980s and was privatized in 1987. The two remaining Class I railroads in the East, CSX Transportation and the Norfolk Southern Railway (NS), agreed in 1997 to acquire the system and split it into two roughly-equal parts ...
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Switching And Terminal Railroad
A switching and terminal railroad is a freight railroad company whose primary purpose is to perform local switching services or to own and operate a terminal facility. Switching is a type of operation done within the limits of a yard. It generally consists of making up and breaking up trains, storing and classifying cars, serving industries within yard limits, and other related purposes. These movements are made at slow speed under special yard rules.Bureau of Transportation StatisticsDictionary accessed November 2008 A terminal facility can include a union freight station, train ferry, car float or bridge. Its purpose is to connect larger carriers to other modes of transport or other carriers. These companies may be jointly owned by several major carriers; examples include the Kansas City Terminal Railway, Belt Railway of Chicago, Terminal Railroad Association of St. Louis, Galveston Railroad and Conrail Shared Assets Operations. The Internal Revenue Service provides tax i ...
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Chicago
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ...
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Indiana Harbor Belt Railroad
The Indiana Harbor Belt Railroad is a Class III railroadSurface Transportation BoardThe Belt Railway Company of Chicago -- Trackage Rights Exemption -- Indiana Harbor Belt Railroad Company January 9, 2002 in the United States. Ownership The IHB is jointly owned by Conrail Shared Assets Operations (51%) and Canadian Pacific Railway (49%). These shareholders trace their ownership stake in IHB to previous mergers and acquisitions in the railroad industry. Conrail's ownership is traced back to the Penn Central Transportation Company and prior to that, the New York Central Railroad and Pennsylvania Railroad. Canadian Pacific's ownership is through its subsidiary, the Soo Line, which inherited it from the Chicago, Milwaukee, St. Paul and Pacific Railroad (also known as the "Milwaukee Road"). Also, the IHB's northern terminus is the Milwaukee District/West Line in Franklin Park, Illinois, which is operated by Metra and Canadian Pacific. Route and facilities The line comprises of tr ...
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Missouri Pacific Railroad
The Missouri Pacific Railroad , commonly abbreviated as MoPac, was one of the first railroads in the United States west of the Mississippi River. MoPac was a Class I railroad growing from dozens of predecessors and mergers. In 1967, the railroad operated 9,041 miles of road and 13,318 miles of track, not including DK&S, NO&LC, T&P, and its subsidiaries C&EI and Missouri-Illinois. Union Pacific Corporation, the parent company of the Union Pacific Railroad, agreed to buy the Missouri Pacific Railroad on January 8, 1980. Lawsuits filed by competing railroads delayed approval of the merger until September 13, 1982. After the Supreme Court denied a trial to the Southern Pacific, the merger took effect on December 22, 1982. However, due to outstanding bonds of the Missouri Pacific, its full merger into the Union Pacific Railroad did not become official until January 1, 1997. History On July 4, 1851, ground was broken at St. Louis on the Pacific Railroad, the predecessor of the M ...
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Tank Car
A tank car ( International Union of Railways (UIC): tank wagon) is a type of railroad car (UIC: railway car) or rolling stock designed to transport liquid and gaseous commodities. History Timeline The following major events occurred in the years noted: *1865: Flatcars with banded wooden planks or decking mounted on top are employed for the first time to transport crude oil from the fields of Pennsylvania during the Pennsylvanian oil rush. Laurence Myers of Philadelphia invented the ''Rotary Oil Car'', as he named it. It was an improvement on a patent from 1851 of a freight car for transporting coal. The new invention patented on July 18, 1865, was for the transportation of crude oil and petroleum. It was the first appearance of an oil tank on a railroad flatcar. Three books mention his invention. *1869: Wrought iron tanks, with an approximate capacity of per car, replace wooden tanks. *1888: Tank-car manufacturers sell units directly to the oil companies, with capaciti ...
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Leased
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it can r ...
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