This X12 Transaction Set contains the format and establishes the data contents of the Rail Carhire Settlements Transaction Set (414) for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used to provide for the exchange of Carhire Settlement data including, but not limited to, the following: Current Settlements, First Adjustment Settlements (no penalty), Prior Settlements (penalty on foreign equipment), Summary Transactions and Reclaim Transactions.

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ASPECTS OF SALES ORDERS IMPROVED BY EDI ACCURACY - 97%       PRODUCTIVITY - 92%       RESPONSE/CYCLE TIMES - 81%       SALES ACROSS COMPANY BORDERS - 75%       ABILITY TO TRACK/TRACE GOODS - 67%	ASPECTS OF PURCHASE ORDERS IMPROVED BY EDI ACCURACY - 91%       PRODUCTIVITY - 77%       RESPONSE/CYCLE TIMES - 74%       SALES ACROSS COMPANY BORDERS - 65%       ABILITY TO TRACK/TRACE GOODS - 74%
* Supply Chain Insights, LLC; B2B Study, June-September 2013. Survey of Manufacturers, Retailers, Distributors & others currently using EDI.

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