Ohio Central Alcos

[AdamCKach]

I've read on multiple online boards that the Ohio Central, now under new ownership, intends to sell off its Alco fleet. Merely out of curiosity, might GVT grab one or two?

[RS-3]

The OC Alcos have been for sale a long time. (All OC locos are always for sale.) I'm sure GVT would be interested, but price, need and condition will, as always, be the determining factor.

RS

[thebigham]

Last I heard, they were not interested in acquiring more Alcos. They have more than enough.

It's too bad. The LA&L have enough too.

[Alcoman]

Ya gotta get'em while there hot! Scrap prices might give the owners no other choice they don't sell them. This goes for any railroad selling Alcos.

[AdamCKach]

Thanks for the insight, folks.

I only hope they have some buyer. There's nothing quite like seeing an Alco run.

[PVRX1]

Pretty much everything on the Ohio Central roster has traditionally been for sale for "the right price".

G&WI may dispose of the ALCOs or they may not. After all they kept the two C420s out on the Little Rock & Western when they acquired Rail Management Corporation.

[thebigham]

A good Ohio Central roster:

http://www.thedieselshop.us/OHCR.HTML

They have:
C424
C420
RS18
2 S2s
S4 - says retired
RS3
T6

[Luther Brefo]

Recent information suggests that the G&W purchased the Ohio Central companies but not the motive power. As such any and all OHCR motive power is still under ownership of Mr. J (to the third power.)

[Leo_Ames]

I thought that only applied to the steamers?

[Luther Brefo]

I thought that only applied to the steamers?

It applies to all motive power.

[thebigham]

John Mech reported on another board that all the Alcos are for sale. $65-$70k each.

[GOLDEN-ARM]

I'm not sure about how "valuable" those locos are, as scrap. The spot market today (11-01-08) shows culled railroad scrap metal at $222.80 per ton/bulk. This is over 40% off where it was only 6 months ago. The trends are showing all metals in decline, excluding Platinum and Palladium. Just a thought.

[Allen Hazen]

Golden-Arm---
Thanks for the "reality check"! ... I assume "culled" means after the locomotive is disassembled. So to estimate the scrap value of a locomotive you'd
----multiply the price of scrap by the weight (that's the easy part, and leaves you in the $30K ballpark)
----subtract the costs of taking it apart
----but ADD the value of high-value components that would get culled before the rest goes to the scrap-metal dealer????

Is that about right or did I misunderstand?

[thebigham]

^^Most of the Alcos are in service!! They are not scrap.

[Alcoman]

One Alco has been sold (C420 # 7220) and 2 others have sales pending.