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  • Locomotive price datapoints

  • Discussion of Electro-Motive locomotive products and technology, past and present. Official web site can be found here: http://www.emdiesels.com/.
Discussion of Electro-Motive locomotive products and technology, past and present. Official web site can be found here: http://www.emdiesels.com/.

Moderator: GOLDEN-ARM

 #181974  by Allen Hazen
 
I'd like to have an idea of how locomotive prices have changed over the years: a bit more detailed than "ever upwards"! Ideally I'd like a table with prices for representative locomotive types at, say, 5 year intervals from the beginnings of dieselization to the present. Information of this sort is VERY hard to come by, at least in reailfan sources: big companies seem to be on the coy side when it comes to talking about dollars and cents. Anyway, for a start I have:

---Late 1940s, Alco RS-1 light roadswitcher: $80,000 (quoted on the "EMD locomotives with Alco trucks string on this forum).

---1958, switchers: $110,000 for an SW-900, $124,000 for an SW-1200 (but EMD would re-engine a Baldwin switcher for you for about $63,000, the BLW switcher being worth around $5,000 in scrap value). (From an article on Reading's re-engined switchers, in the March-April 1996 issue of "Diesel Era".)

---1963, GP-30: $206,000, probably including assorted optional extras (quoted on the "EMD locomtives with Alco trucks" string).

---1972, high-horsepower BB freight units. EMD quoted Chessie $238,000 base price, $270,673 with extras for GP40-2, offering trade-ins from $3,000 for an off-brand switcher to $20,500 for an F-7 or GP-7 (which would have re-usable trucks). GE quoted $255,800 base, $285,000 with extras for a U30B, offering trade-ins of from $7,000 (for switchers) to $13,500 (for six-axle Alcos with lots of re-usable GE electrical gear) to $18,000 for F-7 or GP-7. (Source: James Mischke, in a June 2003 posting to Yahoo's "LocoNotes" forum.)

---June 1977: high-horsepower CC freight units: BN paid $575,885 for C30-7 and their C&S subsidiary paid $565,602 for SD40-2. This is all inclusive, with no trade-in allowance; "The next two C30-7 orders that year were over $600,000, EMD did not pass that level until 1978." (Source; "Wolfgang Luth" in a June 2003 posting to "LocoNotes": message #34677 includes this and the previous.) COMMENT: I recall, from when I was first getting seriously interested in railroading in the early 1970s, an article in "Trains" saying that CC units typically cost about 20% more than BB, but even so we seem ot have five years of double-digit inflation in the mid-1970s. Which, come to think of it, maybe we did!

 #181989  by Brad Smith
 
Any numbers you come up with for a given year are sort of meaningless without adjusting for inflation.

 #181992  by mxdata
 
Brad makes a very good point here, as the inflation rate varied quite widely over the production runs of some of the most successful and widely produced locomotives. Also note that there is a significant price difference between a locomotive quote at the "base" price and a locomotive equipped with the minimum equipment to meet the operating requirements and union agreements on most railroads, due to the additional equipment needed for compliance. These items typically added another 5 to 8 percent to the price.
 #182191  by jr
 
Nickel Plate PA1, 1948 - $205,000
Nickel Plate Road Diesel Locomotives Kevin J. Holland

Baldwin DR-6-4-2000, 1945 $180,025
Baldwin RT624, 1950 $206,200
Baldwin AS616 (no date recorded, but I believe these were produced from about 1950-1956) $174,000
Baldwin Diesel Locomotives Dolzall & Dolzall



The point about inflation is well-taken. However, the fact that the build-year is given with the price, in most cases, gives an implicit accounting for inflation (assuming that one can get access to U.S. inflation figures for the 20th Century).

JR

 #182253  by Justin B
 
Here are a few prices adjusted for inflation:

RS1 - $661,830
SW1200 - $813,428
GP30 - $1,258,252
U30B - $1,299,915
GP40-2 - $1,234,568
SD40-2 - $1,835,367
U30C - $1,868,735

(in 2005 dollars)

As you can see, locomotives have always been expensive beasts. Especially the 3000hp CC units... 1.8 million a pop! Makes a SD70M look like almost a bargain...

 #182271  by MEC407
 
I can't seem to find it, but there was a press release issued not long ago regarding passenger locomotives for some agency... either NJT or the New Mexico "Roadrunner" commuter rail, I think... and the new locomotives were said to cost about $5 million each. Pretty steep.

 #182784  by Allen Hazen
 
Thanks for further data points! (anyone with more, please...)
Comments:

---For some purposes, locomotive dollar prices, uncorrected for inflation, are what I want. This string started when someone on the "EMD locomotives with Alco trucks" gave a figure for the discount EM gave for re-using the trucks from a trade-in: I wanted some idea of what this was relative to the total price. For other purposes, the inflation-corrected prices are interesting. Best would be to have both! (Mind you, "correcting" for inflation is a bit problematic: given the changes in the structure of the economy over time, saying that X 1960 dollars are equal to Y 1990 dollars calls for a judgment that is inevitably somewhat subjective. Comparing prices would be simpler if man lived by bread alone, but he doesn't!)

---Prices for recent commuter locomotives have been ridiculous. Short production runs of non-standard design... Union Pacific, ordering 300 locomotives every year, of models typically running for a decade or so, is in a position to get better prices than a commuter agency asking for ten this year and then maybe ten to a different design in five year's time.
 #182927  by Ol' Loco Guy
 
One has to wonder if the pricing on twin engine locomotives accurately reflected the fact that a twin engined loco comprised the equivalent of two locos on one chassis ?

 #183019  by N. Todd
 

PostPosted: Sun Nov 06, 2005 1:20 pm Post subject: 'Twin Engined Locomotives'
One has to wonder if the pricing on twin engine locomotives accurately reflected the fact that a twin engined loco comprised the equivalent of two locos on one chassis ?
While I don't have and prices on UP's D-D unit, I recall the Alco DH643 (2 engines) ran for about $475K (1962), equivilant of $2.9 million 2005 dollars. Anyone have a price tag off a DDA40X?

 #183053  by Phil Hom
 
SD40-2 (Class One railroad - 1979)
(Sample listing)
Base price $584,100
Dynamic Brake 700 amps $35,695
Stanray DC-10 refrigerator $1,675
Prime Wind Deflector $295
Salem awning $340
Vapor Air Conditioning $7,000
EMD snow plow pilot $1,810
Anti-climber $1,435
Microphor LF300 Toilet $4,875
Strip heater in toilet compartment $810
3,900 gal fuel tank with 100 gal retention tank, Snyder 566-2 fill adapter $6,315
Paint Polyurethane $1,610
Arco GL Supreme lub oil $700
Re-enforced low hood $4,680
Chairs with railroad logo $575
Window arm rest $140
Motorola Radio $2,420