BNSF plans to cut network by 4,000 miles (February 1996)
2/4/2023Burlington Northern Santa Fe Corp. will trim its 31,000-mile, 27-state system by about 4,000 miles, according to the company. But as of Feb. 1, BNSF had not announced which lines it plans to offer for sale.
The disposition of branch lines accounts for part of a previously announced $587 million pre-tax charge the company will take for the fourth quarter of 1995 for BN-SF merger, severance and asset disposition costs.
The charge also covers the elimination of more than 1,000 salaried positions, most of which have already been eliminated, about 1,600 union positions the company plans to eliminate over the next several years, and reductions in office space and other facilities.
Source: The February 1996 issue of Progressive Railroading