Train Mile definition
Examples of Train Mile in a sentence
In consideration for CSXT's grant of trackage rights over its unique rail corridor between West Palm Beach and a location to be selected by FAR in the Orlando/Kissimmee area, FAR shall compensate CSXT at an initial rate of $20.00 per train mile for each train mile generated by the FFT over the CSXT Trackage Rights Segment (hereinafter referred to as the "Train Mile Rate").
Through December 31, 1999, the Train Mile Rate, increased as applicable by the Inflation Index, shall be reduced by $50,000 per month.
On January 1, 1999, and on each subsequent January 1 of FFT operations during the term of this Agreement, the Train Mile Rate shall be increased by the Association of American Railroads' inflation index (the "Inflation Index").