Does anyone know the specific lease dates? I know that they’ve been on “long-term” lease since 2001, but how does this work? Is it a month-by-month renewable lease, a 10 year lease, or somewhere in between? I thought that I’ve seen that they renewed the lease at some point, so I’m guessing it’s a shorter term that they keep renewing? I’m just curious as to how this arrangement was set up. Thanks.
don’t know the specifics but from what I’ve heard the Susie Q doesn’t want them back.I know 1 engine that had to have its traction motors replaced(sat in leipsic north of xn for a loong time).they are fun to catch in hamler when matt and i head to deshler.
stay safe
joe
Joe, I’ve also heard that IORY will be retaining the units until the end of the NYSW leasing/financing term is done, and then they will be returned to EMD. That is, if they are still running at that point… Too bad VRS didn’t find a use for these locos - they would have kept them in magnificant shape!
But again, does anyone know the specifics of the IORY lease?