Note that the skate has open journals – its beams simply rest on its own axles, and it almost appears to have no bearing linings though it probably has thin half-bushes.
It's evidently designed to be assembled easily and rapidly by two people around the affected wheel, so I assume that detail helps reduce the height to which the vehicle axle has to be jacked.
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A couple of years ago I saw and heard a long hopper train pass through Skipton station while I was awaiting my train. One of the hoppers was emitting a loud, heavy thumping, making me wonder if it had a flat. It might have been too far back for the driver to have heard it even if had the window open. I mentioned it to the driver of another train that happened to stop a few moments later, diplomatically adding, "I am not an expert on rolling-stock engineering, but it didn't sound right at all". He thanked me and said he'd pass it on.