By Reuters, The New York Times; October 18, 2017
(Reuters) – CSX Corp, the No. 3 U.S. railroad operator, will slash the number of locomotives served by a long-term maintenance agreement, a move that cuts service bills under the agreement by some $3.3 billion, company filings showed on Wednesday.
CSX said it exercised “certain rights” this past August under a maintenance program contract in place though 2031 that allowed it to sharply reduce the locomotives in the program, according to the company’s 10-Q.
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