by airman00
The flip side of this argument is this: If CSX owns 40% of the company the engine is going to, then why would they risk an engine that is essentially an investment for them?
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airman00 wrote:The flip side of this argument is this: If CSX owns 40% of the company the engine is going to, then why would they risk an engine that is essentially an investment for them?You do know that all railroad locomotives less than 10-15 years old are leased by the individual railroad, right? The lease ends they get the option to buy and keep, or park and return to the lessor. What exactly are they risking that they aren't risking running their own engines every single day?
lvrr325 wrote:kingfish wrote:As part of the Conrail buyout, CSX and NS got together and loaned Water Rich the money to buy out Delaware Otsego’s stock, taking it from public to private hands.lvrr325 wrote:Could be as simple as CSX gets to use the engine for a while in lieu of paying for the transport on it. Who knows. CSX owns about two fifths of the engine anyways, give or take, through their partial ownership of NYS&W.
To the first comment...no..NYSW is paying freight. Quite a hefty amount for the unit to jackwagon around on a CSX tour.
The second comment..completely wrong...how can CSX own 2/5 of a long term lease? GATX owns the SD60s.
BTW, does anyone have any evidence of CSX ownership??
http://www.nytimes.com/1997/08/12/busin ... -deal.html
As a result, Delaware Otsego, the parent company which owns the NYS&W, remains under control of CSX and NS:
http://en.wikipedia.org/wiki/Delaware_O ... orporation
On October 3, 1997, DOCP Acquisition LLC announced it had completed the short-form merger of Delaware Otsego Corporation (NASDAQ:DOCP) with a wholly owned subsidiary via a stock tender offer of $22 per share.[3]http://www.secinfo.com/$/SEC/Filings.as ... sition+LLC
This deal essentially brought the DO System of Railroads, including the subsidiary New York, Susquehanna and Western Railway (NYS&W), under control of the much larger Norfolk Southern and CSX rail systems, because the new owner DOCP Acquisition LLC is owned 40% by Norfolk Southern, 40% by CSX and 20% by Walter G. Rich of the Delaware Otsego Corporation.[4]
Lots more links:
http://www.google.com/search?hl=en&scli ... corp&btnG=
Therefore, CSX owns 40% of the railroad, and whether these new units are owned, leased, or whatever, they have a 40% interest in it. So if they use it for a week or two, so what?
kingfish wrote:All ofthe units are being interchanged with batteries disconnected, no seats, no coolant, minimal fuel, no radio or HOT device to preclude easy use. CSX has been known to make dead in consist useable for "free" service.As Kingfish has stated, the unit was dead in tow on CSX. They weren't using it for power.
3810 and the five remaining units will be moved to Binghamton dead and put into service from that location. Part of the contractual agreement calls for final acceptance there. GATX will have a representative on hand to ride it and oversee correcting any glitches that arise.
Cheers,
Kingfish
N_DL640A wrote:Two eyewitness reports of it online with smoke/exhaust coming out the stack and what, you're saying they're not being honest then?
As Kingfish has stated, the unit was dead in tow on CSX. They weren't using it for power.
It's likely the reason the unit went back and forth so many times is that the dispatcher didn't want to slow down traffic in order to make the drop, and instead instructed the crew to keep going. Tying up the main for a drop can cause some serious problems for a dispatcher, especially if a high priorty train is close behind.
Another reason why this happens is when a power consist planned for one train ends up assigned to another train. I'd say this is the leading cause of DIT units ending up in some very unusual places...
Alek9997 wrote:This has been the most entertaining conversation I have read in a while.Whats the matter?
Not trying to start a fight, but seriously, What's it matter if 3810 was running or not??? If it WAS running on CSX, which I somehow doubt, then why get all worked up over it??
The bottom line is, it's over. 3810 is now SAFE on "Home" rails, and we will all get a chance to see it running eventually. Can we focus on the other units now?? Just my two cents.
Alek S
lvrr325 wrote:What I'm saying is that the CMO (or former CMO?... he was CMO when I worked there) of the NYSW has said that it was shipped dead, drained, with the batteries disconnected, and that it was interchanged to the NYSW in Dewitt in that condition, to be placed in service in Binghamton.N_DL640A wrote:Two eyewitness reports of it online with smoke/exhaust coming out the stack and what, you're saying they're not being honest then?
As Kingfish has stated, the unit was dead in tow on CSX. They weren't using it for power.
It's likely the reason the unit went back and forth so many times is that the dispatcher didn't want to slow down traffic in order to make the drop, and instead instructed the crew to keep going. Tying up the main for a drop can cause some serious problems for a dispatcher, especially if a high priorty train is close behind.
Another reason why this happens is when a power consist planned for one train ends up assigned to another train. I'd say this is the leading cause of DIT units ending up in some very unusual places...
But then Dewitt is a big yard with lots of tracks, there's certainly room to get out of the way to make a drop if they need it.
Steve F45 wrote:Of course I would be upset, but comparing the two scenarios is apples and oranges I think.Alek9997 wrote:This has been the most entertaining conversation I have read in a while.Whats the matter?
Not trying to start a fight, but seriously, What's it matter if 3810 was running or not??? If it WAS running on CSX, which I somehow doubt, then why get all worked up over it??
The bottom line is, it's over. 3810 is now SAFE on "Home" rails, and we will all get a chance to see it running eventually. Can we focus on the other units now?? Just my two cents.
Alek S
Its just like if you decide to lease a car, you goto dealer and expect a car to have X amount of miles (factory to delivery truck, delivery truck to dealer) when you sign the document but when you get it you find out it was being driven all around by the dealership employee's and now its has "Wear and tear" that you didn't pay for and a hole bunch of miles on it. Wouldn't you be a little upset?