Why Railroads Lease Locomotives

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WHY RAILROADS LEASE LOCOMOTIVES
Hashtags: #Trains21 #SeriousRailroading

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Опубликовано:

23 дек 2022

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Комментарии : 88

@metalmusicbs6868 Год назад

I got a story immidiately! On the thumbnail it shows gmtx 2189 and is shown here at 3:50. I work for a locomotive shop, I worked on that very unit allot and even helped through the entire repaint process. It is now pvrr 2189. It's red and yellow now!

@Trains21 Год назад

Awesome! Thanks for sharing.

@donaldwantola5800 Год назад

Leasing is also common with shortlines when they need power after taking over a rail line, the shortline I worked for did that once we leased a SW1500 from LTEX do to not having any locos ready at start up after the take over.

@ChainsawNW1218 Год назад

ChainsawN&W1218, I used too see quite a few leased units but not in years, see alot of run through/foreign power on NS when I film in Roanoke VA, Christiansburg, Radford other locations, Merry Christmas 🌲!🛤🚂

@Trains21 Год назад

Merry Christmas to you as well Timmy, and thanks for watching!

@wirtr Год назад

Back in the 2010s I saw a lot of leased units like CEFX on CP and GECX on the CN they were classic units I think they were cool

@LakeVillaRailProductions Год назад

AC coming through with great content as always keep it up bud

@onrr1726 Год назад

CITX units from what I remember were common sight mostly in the summer months on BNSF in and around Tulsa, Oklahoma along side other mixed power. KCS often leased CP units and they were often seen in and around Cherokee Yard. CN and CSX units were rare. NS units often moved in groups of 2 to 3 units every few weeks and Ferromex often 2 or 3 units a month. Indiana HiRail once every 2 months and other misc railroads and leased rent a wrecks from LTEX, GECX, HLCX were sporadic. As for Union Pacific in the Tulsa area they always had 4 GMTX and occasionally an HCLX unit on their local interchange it was rare to catch strait UP Power every month.

@garypyke1576 Год назад

Very informative information. Your videos are great. I enjoy watching them and learning things about railroading.

@Trains21 Год назад

Thanks for watching Gary. I'm glad that you enjoy them.

@railwayjade Год назад

Merry Christmas thanks for great informative content

@iusetano Год назад

Thank you AC. Happy New Year. I really enjoy your videos.

@joshpack7330 Год назад

My first train video was one of the lease units. An ex-CSX AC6000CW 688

@O-PAC Год назад

Union Pacific “Unemploying America.” 6:36

@RDC_Autosports Год назад

citi rents bicycles for christ sake lol they have their hands in every cookie jar 😁

@Dennis-vh8tz Год назад

There are also tax benefits to leasing. Lease payments are immediately booked as expenses (pay now, get the tax write off now); whereas, purchased locomotives would be considered assets that depreciate over time (pay now, get the tax write later).

@305ayeee Год назад

1:59 god I miss seeing the red, white and blue FEC trains, the red and yellow lng sets are cool and colorful but the red, white and blue was just a classic look

@afleetcommand Год назад

So is this type of thing happening on the NS on the old Erie line to Buffalo? See BNSF often on that line.

@Trains21 Год назад

Maybe, haven't railfanned the Southern Tier in a while.

@chuxtuff 10 месяцев назад

Excellent video!! I enjoy finding out more about railroad financing issues in these kinds of videos along with some great train action too. Many of these smaller railroads I've never heard of other then to see their locos and rolling stock here in western Washington once and awhile. With all the ports from Puget Sound to the ocean based ports there's a LOT of trains everywhere you look around here, most of them with DPU power from the mountainous terrain. We've got it all here!! Except maybe 13000+ foot long trains like I've seen in other flatter areas of the country like "Jawtooth" here on RU-vid videos in Ohio and Kentucky. That wouldn't fly here for a number of reasons, some of them scientific due to the terrain I'd bet.

@Trains21 9 месяцев назад

Thanks Chux! I know what you mean, we have 10-15 thousand foot trains that roll through here with DPU power. Thanks for watching.

@stubbsshop Год назад

BNSF conductor here, and in the PNW area lately I always see GECX units pretty occasionally (all are dash 9 units) and ironically within the last three weeks I've seen the NS SD70ACC rebuilds on some of the BNSF trains. We end up with quite a few NS units on our trains over here, along with a lot of KCS and Ferromex. Don't see CN, UP, or CSX that often here but will see them from time to time.

@stubbsshop Год назад

1810 was one of the locos I saw over here a few weeks back!

@The_SEWI_Railfanner Год назад

I belive the GECX ET44s were actually bought by CN and now are getting repainted

@RailfanNetwork Год назад

Great info AC!!

@frankmarkovcijr5459 Год назад

Diesel locomotives like anything if you take care of them properly and maintain them they last forever. For 5,000 horsepower in the old days you need four diesels now you need one. EMD unit reduced itself out of business.

@Nswle 3 месяца назад

Very informative....

@kens.3729 Год назад

Wishing you a Very Merry Christmas and a Safe, Healthy & Happy New Year. 👍🙏

@Trains21 Год назад

Thanks Ken, you as well.

@Oliver_11_the_little_western 9 месяцев назад

5:52 the b40-8 is ex mma (montreal Maine and Atlantic railroad) wich was history repeating itself as how it went was a exact copy of Penn central minus the rail disaster the destroyed half of a town

@sernajrlouis Год назад

Great video

@tonyburzio4107 Год назад

UP got rid of their SP locomotives because of the flim flam that Anschutz played on them with the D&RGW, SP and C&NW. UP was so mad they bought all three lines and tore them apart. Remember, UP doesn't go to Chiago, they relied on C&NW. Anschutz made it look like the SP and the C&NW may merge, and UP went nuts! Gained Anschutz a pretty penny!

@onrr1726 Год назад

I loved how arrogant them assholes with UP were they fucked up SP operations to the brink of almost no return when they started canning people in management. I'm vary surprised that the Feds did not get involved to undo that merger with all the lost cars and understanding of how SP worked in Texas along the petroleum industry.

@TimsTrainsChaser Год назад

Good film AC

@Trains21 Год назад

Thanks.

@kens.3729 Год назад

Union Pacific (UP) is currently spending Millions of Dollars on New Paint while 🤪 Contract Negotiations take place. Talk about having your Priorities Screwed Up.

@DC9Douglas Год назад

True, but ya can't say the paint wasn't needed.

@O-PAC Год назад

And their new paint scheme is atrocious on top of that.

@O-PAC Год назад

They also introduced 1111 “The power of people” paint scheme right before they laid off a bunch of people. So this is normal operating procedure them.

@skyraiderjet Год назад

@@O-PAC “The power of the shareholders”

@thetexorcist2235 Год назад

You have to paint them though or they’ll never last.

@matthewarentzen7465 Год назад

Another great tutorial!!

@Trains21 Год назад

Thanks Matthew!

@matthewarentzen7465 Год назад

@@Trains21 you are welcome!

@matthewarentzen7465 Год назад

@@Trains21 Happy holidays, my friend!

@cessnaace Год назад

As a rail fan I hate seeing rolling stock that is rusted or covered with graffiti. Oh, and I've just subscribed.

@frankmarkovcijr5459 Год назад

I complained on a train video about seeing all the cars covered in graffiti and some asshole called me a Francis. The graffiti everywhere shows just a general lack of respect for anything at all. If we did not have a welfare state breeding all the scum of the earth we would not have graffiti all over everything and the crime rate would be next to zero like it was back in the 40s of course it's not politically correct to say that but then I'm a train guy who wishes we were back in the 40s with steam locomotives and passenger trains and good union jobs and nice neighborhoods and good schools that taught education and not indoctrination it's a liberal philosophy. The old steam locomotives released as well you can see l e a s e plates on the tenders. People would invest in a fund School teachers fireman policeman Factory workers and the fun would buy a locomotive and lease it to the railroad. And then after 20 years they would lease it again. So in your retirement years you would have a little bit of income besides your pension from the company that you worked from and your Social Security. When all the steam locomotives came up when their lease is expired the railroads decided to go diesel instead and all those perfectly good engines were cut up for scrap. And then all of the railroads that were questionable and bankrupt when they were financed for diesel locomotives without a business 10 years later including the Pennsylvania Railroad and the New York Central as well as the New Haven but the New Haven lost business because of car traffic and the Connecticut turnpike being built right next to the railroad that took all the commuters away. Our tax dollars at work

@Zadesniper Год назад

@@frankmarkovcijr5459 Crime has never been next to zero, basically anywhere

@frankmarkovcijr5459 Год назад

@@Zadesniper any old days in New York when my mom was growing up you could leave the house unlocked because it was a safe neighborhood. The city was safe the streets for safe to Subway was safe. Now You're Not Safe anywhere.

@Zadesniper Год назад

@@frankmarkovcijr5459 Crime still wasn't next to zero, there was still dangerous neighborhoods. Not saying the city isn't rampant with crime, but let's be real. It was never close to zero, it's just that now it's onsite for everyone. It no longer matters if you're a gangster or not, people are just desperate and following what they saw relatives and what they see in the movies. Society has truly failed our oldest/biggest cities. Imo the straight downturn of society came with cars

@jobhowie1110 Год назад

i see a lot of leasing units on union pacific

@plisskenationbackfromthede3657 Год назад

I have a question regarding lights and block signals perhaps you could help me understand. So normally when most tracks have no traffic the lights are red and go green when a train is cleared to go through. In my town and others nearby tho, theyre always green and only go red on the other side when a train is approaching. Up does it here for some reason because it has a yard close i think, but cn does it too on the single track too and that goes back to icg days. I never understood why tho

@Trains21 Год назад

I'm making a video on Junctions and Control Points and I'll open with this question.

@gragor11 Год назад

This might help. Signalling one of 6 videos by Danny Harmon. Not CN, CSX but the principals apply. Trains21 - Delete if not appropriate. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2xgSuvh28XI.html

@Trains21 Год назад

@@gragor11 Very appropriate. I've watched it many times. Thanks for sharing.

@stuew6 3 месяца назад

Hey CP Sd40-2 High hood were turned into Unit-B.

@fluxthelycanroc9603 Год назад

Idk it's just weird for me working at ns seeing bnsf, up, cp, and csx locomotives on our trains

@ghostgarden8032 Год назад

Looks like with all the foreign power on the head end of the trains, looks like one big ass happy railroad family, aww, just go grab a locomotive and add it in the line up

@chuxtuff 10 месяцев назад

I worked in Tacoma Washington near the port and saw the black "foreign power" NS trains coming and going which didn't bother me one bit. This is BNSF and UP territory so we see almost anything currently running the rails here.

@fluxthelycanroc9603 10 месяцев назад

@@chuxtuff i feel ya. I mean its weird but kinda the way thing are right now. Tbh some of the foreign units are nicer than our units so im not complaining

@tomstarcevich1147 Год назад

Merry Christmas 🎅 🎄 🚂🚃🚃🚃🚃

@Trains21 Год назад

Same to you Tom.

@thepubliceye Год назад

The company I work for leases from a company that they own, which always loses money.

@kelvintorrence5994 Год назад

so why do they all have engines in storage then, or do they pull them out when needed

@BossSpringsteen69 Год назад

Where i work it took an "act of Congress" to get a third unit to pair up and assist a double set of yard power that has known air pumping issues in very cold and extreme cold weather. This issue has been known for the last two years. This is all happening under Precision Scheduled Railroading while there sat at least 60 units from SD40's to SD70's and, for a short time a handful of SD70 T4's on the property in the dead line .

@railfanmcneal2527 Год назад

Did the sun berry line went dark yet

@Trains21 Год назад

No. It's not going dark anymore.

@jeffbyland7128 Год назад

Enjoy the videos and the information that is put on them

@bradjames6748 Год назад

The CP 9043macs were cut up

@Dennis-vh8tz Год назад

Only two of CP's 9043's were scrapped, these due to damage from improper storage. CP had Progress Rail rebuild the rest, along with a batch of 9043's CP bought from UP, into SD70ACU's. It was CP's SD90-MACH's, with the flawed 6000HP engine, that were scrapped en masse.

@railfandepotproductions Год назад

@@Dennis-vh8tz what if they also rebuilt their mac-h instead of scrapping them

@Dennis-vh8tz Год назад

@@railfandepotproductions It would've been nice if CP and UP each donated one or more MACH's to rail museums. But I guess they were seen as an embarrassing failure and rushed to the scrap yard. The were long gone when the 9043 rebuilds started.

@davewallace8219 Год назад

Have I got a loco for you!

@josephhigdon2204 Год назад

Tax rates. Between daily use and amortization

@kellyveal1675 Год назад

All the cars engines and box cars are all leased.

@janvarif Год назад

hello does anybody with brains know or realize that norfolk southern had two locomotive shops before the conrail spilt in 1999 then norfolk southern got another locomotive now they have 3 big locomotive shops the one in Roanoke VA is just about closed with all these locomotive shops norfolk southern should have the ability to rebuild locomotives fast without having to send locomotive to Texas and other places to get rebuilt but unfortunately the staff and labor at the norfolk southern locomotive shops has been cut down thin very thin .

@onrr1726 Год назад

I never did see a lot of New NS units mostly older stuff along with Ex UP SD90MAC's sub lettered for NS. The routing for NS units going to Texas is St. Louis, MO where BNSF grabbed them from there they head to Springfield and on to Cherokee Yard in Tulsa, Oklahoma where they then head South down the Creek Sub to Dallas-Fort Worth. I used to catch NS engines every once and a while when I lived Cherokee Yard in West Tulsa. You'll find close to 2,000 videos in my RU-vid account many filmed in Tulsa.

@theestallion818 Год назад

Shit to save money leasing it out is much better lol

@dogyerf21 Год назад

Did 17 go on 47 or thwart?

@Trains21 Год назад

????

@frankmarkovcijr5459 Год назад

There are also political considerations involved. When the Penn Central was broke admired in debt it was given credit to buy thousands of brand new locomotives and cars for a railroad that had 10 mile an hour slow orders all over due to deferred maintenance of 20 years. All of the railroads involved in the reorganization should not have been permitted to buy anything new when they had plenty of locomotives just awaiting repairs. All the people in all of the locomotive shops would have had work and we would have first generation deals working even now. Amtrak is well should not have bought new power to rebuilt the power it had after all it's cheaper to do a valve job or an engine job on a car that it is to buy a brand new car. Same thing with a locomotive. They had thousands of employees laid off and car shops and locomotive shops closed that should have been teeming with work rebuilding the stock that they had. Amtrak as well should have rebuilt the locomotives they had and the cars they had. After all Amtrak has been a money losing concern since the beginning. It was made to save the passenger trains in the first thing they did was kill half the trains and the railroad said that they let us get rid of half the passenger trains we would still be in the passenger business. It's funny how railroads fly or leash new locomotives and they have hundreds of them in storage just resting away. I think of all of that money it's like burning millions and millions of dollars in great big bonfire same results.