PAR SD40-2s (MEC 600 series and 3400 series)

Guilford Rail System changed its name to Pan Am Railways in 2006. Discussion relating to the current operations of the Boston & Maine, the Maine Central, and the Springfield Terminal railroads (as well as the Delaware & Hudson while it was under Guilford control until 1988). Official site can be found here: PANAMRAILWAYS.COM.

Moderator: MEC407

Post Reply
User avatar
MEC407
Posts: 10911
Joined: Thu Mar 11, 2004 8:15 pm

Re: PAR SD40-2s (MEC 600 Series)

Post by MEC407 » Sun Mar 30, 2014 11:15 am

CN9634 wrote:PAR is looking to spend $60k to 70k a unit in bulk deals.
Unless they start looking at GEs, that price range is going to be difficult. SD40-2 prices are back on the rise after a period of bottoming out. The Class I roads have gone from dumping them like hot potatoes, to rebuilding them and adding more to their fleets. That has driven prices up.

Even when PAR bought the first batch of 600s a few years ago, they were quoted in ANR&P as paying $100K apiece for them. The going rate has gone up since then. I don't know where they're going to find any for $60-$70K, unless we're talking about units that are inoperable and need significant repairs in order to be brought back online.

Even the GE ship may have already sailed. Railroads like CN, PW, NERR have scooped up most of the decent Dash 8s that have become available in recent times. LTEX grabbed most of what was left over. I don't think there's much left to choose from. PAR should've been at the UP auctions when Dash 8-40Cs were selling for $60K apiece. You snooze, you lose.
MEC407
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives

CN9634
Posts: 2305
Joined: Fri Jul 09, 2004 5:50 pm

Re: PAR SD40-2s (MEC 600 Series)

Post by CN9634 » Sun Mar 30, 2014 7:41 pm

They paid less than 100K I'm quite sure. This may explain why they are leasing right now too

CN9634
Posts: 2305
Joined: Fri Jul 09, 2004 5:50 pm

Re: PAR SD40-2s (MEC 600 Series)

Post by CN9634 » Mon Apr 21, 2014 1:48 pm

I'm told them HELM units are leaving soon and they are looking to pick up 10 more SD40-2s.

KSmitty
Posts: 2045
Joined: Mon Jan 19, 2009 1:29 pm
Location: Maine

Re: PAR SD40-2s (MEC 600 Series)

Post by KSmitty » Mon Apr 21, 2014 6:22 pm

CN9634 wrote:I'm told them HELM units are leaving soon and they are looking to pick up 10 more SD40-2s.
Not going to exercise the buy out option on the HELM's?

CN9634
Posts: 2305
Joined: Fri Jul 09, 2004 5:50 pm

Re: PAR SD40-2s (MEC 600 Series)

Post by CN9634 » Mon Apr 21, 2014 7:29 pm

Some behind-the-scenes paperwork stuff happened with them. But really, I'm not making it up. The HELMs should be leaving fairly soon.

fogg1703
Posts: 707
Joined: Wed Mar 02, 2011 5:55 pm

Re: PAR SD40-2s (MEC 600 Series)

Post by fogg1703 » Thu Apr 24, 2014 7:55 pm

CN9634 wrote:I'm told them HELM units are leaving soon and they are looking to pick up 10 more SD40-2s.
More NS units? With the current crew shortage it would behoove NS to stave off a power shortage as well.

CN9634
Posts: 2305
Joined: Fri Jul 09, 2004 5:50 pm

Re: PAR SD40-2s (MEC 600 Series)

Post by CN9634 » Mon May 05, 2014 11:09 am

The HELMs are sidelined now. The 'behind-the-scenes' paperwork stuff was HELM got sold to First Union Rail (FURX) a division of Wells Fargo. They do not like to do business with Pan Am.

See here for more details
http://www.hlmx.com" onclick="window.open(this.href);return false;

Backshophoss
Posts: 6195
Joined: Mon Mar 05, 2012 7:58 pm

Re: PAR SD40-2s (MEC 600 Series)

Post by Backshophoss » Mon May 05, 2014 7:43 pm

So Wells Fargo just broke the leases for basicly not wanting to deal with PAR?
Was PAR on time wth lease payments? How much time was left on the lease?
Or was the lease a $$$ loser to them?
The Land of Enchantment is not Flyover country!

newpylong
Posts: 4260
Joined: Thu Jun 28, 2007 12:32 pm
Location: NH

Re: PAR SD40-2s (MEC 600 Series)

Post by newpylong » Thu May 08, 2014 1:22 pm

CN9634 wrote:The HELMs are sidelined now. The 'behind-the-scenes' paperwork stuff was HELM got sold to First Union Rail (FURX) a division of Wells Fargo. They do not like to do business with Pan Am.

See here for more details
http://www.hlmx.com" onclick="window.open(this.href);return false;
I've heard a different story, and that Norfolk Southern is going to be purchasing a batch of 100 locomotives from First Union so they are not extending leases. Though I admit, your version seems more logical, but who knows.

CN9634
Posts: 2305
Joined: Fri Jul 09, 2004 5:50 pm

Re: PAR SD40-2s (MEC 600 Series)

Post by CN9634 » Thu May 08, 2014 4:28 pm

Yes NS is picking up 100 more (They may have already picked up some). I heard more NS SD40-2s were coming but that was a bit ago. Not sure what's up now.

gokeefe
Posts: 11800
Joined: Sat Feb 16, 2008 12:28 pm
Location: Winthrop, Maine

Re: PAR SD40-2s (MEC 600 Series)

Post by gokeefe » Thu May 08, 2014 11:05 pm

Interesting to see NS picking up power at the expense of one of their business partners.
gokeefe

newpylong
Posts: 4260
Joined: Thu Jun 28, 2007 12:32 pm
Location: NH

Re: PAR SD40-2s (MEC 600 Series)

Post by newpylong » Fri May 09, 2014 7:24 am

I doubt that thought came into play considering they can just give them right back to Pan Am, or alternative units.

gokeefe
Posts: 11800
Joined: Sat Feb 16, 2008 12:28 pm
Location: Winthrop, Maine

Re: PAR SD40-2s (MEC 600 Series)

Post by gokeefe » Sat May 10, 2014 12:55 pm

newpylong wrote:I doubt that thought came into play considering they can just give them right back to Pan Am, or alternative units.
Makes sense. Seemed strange to me to think that they would essentially poach against the fleet that feeds their own trains.
gokeefe

newpylong
Posts: 4260
Joined: Thu Jun 28, 2007 12:32 pm
Location: NH

Re: PAR SD40-2s (MEC 600 Series)

Post by newpylong » Wed May 14, 2014 7:25 am

It would seem both claims are correct. They haven't paid their bill in a while and NS is getting a large order. Both contributed to the non-extension of the lease.

Dick H
Posts: 3489
Joined: Fri Nov 25, 2005 8:55 pm
Location: Dover, NH

Re: Pan Am GE DASH 8 Locomotives

Post by Dick H » Wed Nov 01, 2017 6:51 am

Here we go again. POSE, which has at least two of the 600's, 615 and 614, is in trouble somewhere west of Durham at 7:35AM.
Downeaster #680, which left Wells on time, is now being held at Durham and is one hour, 20 minutes late (as of 7:50AM)

Post Reply

Return to “Pan Am Railways (formerly Guilford Rail System)”