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RE: (erielack) equipment leases

Pat's answers are quite good - I'll just add my $0.02 so you can get the
cream for your Starbucks coffee ;)

Not sure if the C424s were on a 15-year lease or not, but if the lease
expired I would imagine the EL would have traded them in on newer B-B
power (the planned purchases of U23Bs and GP38-2s pointed in that
direction). The C424s would have been roster orphans with their 251
prime movers, and makes it more expensive to have to stock parts for
that specific prime mover. Even if crews liked 'em, that wouldn't stop
the railroad from getting rid of them (case in point: The crews loved
the H16-44s, but the EL had no problem selling them to Mexico).

I'll agree with Pat that I could see the EL getting SD40-2s to
supplement their SD45 fleet. It was virtually an industry-standard
locomotive, and had a high degree of reliability.

	- Paul


> -----Original Message-----
> From: pat.moore_@_att.net [mailto:pat.moore@att.net] 
> Sent: Thursday, May 01, 2008 4:18 AM
> To: EL Mail List
> Subject: Re: (erielack) equipment leases
> 
> Brad,
> 
> Well, this is your pipe dream, so ultimately you can do 
> whatever you want!
> 
> Now, if you are asking my opinion...that and $5 will get you 
> a cup of coffee at Starbucks.  
> 
> Let me start by saying that I don't know what I'm talking 
> about.  However, I would have to wonder what the terms of any 
> locomotive lease would be.  As for the C425s, they must have 
> been on a 12 year lease, because the EL sent them out west in 
> March 1976 right before Conrail.  In fact they even totally 
> repainted one of them only a matter of days before the end.  
> Talk about company pride...
> 
> Does that mean the other Alcos were on a 12 year deal?  If 
> so, then the C424s were already "owned" by the EL by 1976.
> 
> I guess you would have put yourself in the position of the 
> person in charge of motive power.  When the lease ends, how 
> much is it going to cost to retain the units vs. how much 
> will it cost to purchase/lease new units?  Do you go with 
> something new and expensive, or relatively cheap but heavily 
> used?  Something new that your shop might not know how to fix 
> or something that you've been maintaining for the last 15 
> years or so?  Is the lessor someone you can deal with?  I 
> recall that Conrail sent back the EL units that were financed 
> through Dereco (N&W) when their lease was up in the early 80s.
> 
> As for your last question, you would have to ask yourself 
> what the new units will be used for.  It seems to me that the 
> EL preferred 6-axle units for their road freights.  If you 
> needed a 6-axle unit in the mid to late 70s, the SD40-2 was 
> the best thing out there.  
> 
> -pat   
> 
> -------------- Original message ----------------------
> From: "Bradley Butcher" <llyengalyn_@_hotmail.com>
> >
> > Ok I think most people have heard at least some about my freelanced 
> > prototype EL ideas. Now my question is.
> > 
> > Since I plan on modeling EL in the late 70's <remember NO Conrail> 
> > typical Locomotive lease periods seem to be 15 years by and 
> large. So 
> > theoritically in
> > 78 the lease would be coming up on the C424's. Do my learned list 
> > brothers believe that EL would have renewed they're lease?
> > 
> > I guess it the question could be extended to the C425's. U25B's and 
> > GP35's by 1980 for perspective.
> > 
> > 
> > And if they did retire them what would replace them? BB 
> units or CC? I 
> > could see GP40-2's, C36-7's. For some reason I just can't 
> see EL every 
> > buying SD40-2s even if they had the money.
> > 
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> 
> 
> 
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