Issue No. 11
November 10, 1995
An image from Ken Rattenne's upcoming segment of San Jose Towers. Here soon!
Photo by Ken Rattenne ©
BN is proposing to cut 6% of it's work force by 1997, according to a Wall Street Journal article. The cuts include 2,750 union and salaried employees. Charges associated with these cuts were included in the previously released merger costs.
About 1125 salaried employees were expected to loose their jobs immediately. They are expected to be paid through the end of 1995, according to a story by Reuters.
In all, 1600 of the company's 6,400 nonunion jobs will be cut, according to the article.
via Brian P. Kreimendahl
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Nov. 09--Floodwaters have damaged a bridge above Seattle. The BN has closed 40 miles of track for UP to two weeks, according to a recent Reuters story.
via Brian P. Kreimendahl
Philip Morris Co. has begun advertising a promotional campaign in which 2,000 contest winners will be given passage for two aboard a special luxury train which is now under construction. The train will be called the "Marlboro Unlimited" and will travel through the states of Colorado, Wyoming, Utah, Idaho, and Montana. The exact route has not been announced but is believed to include Denver-Salt Lake City on DRGW, Salt Lake-Silver Bow MT on UP, Silver Bow-Phosphate MT on MWRR, and Phosphate-Billings on MRL. BNSF turned down a request to run on the Wind River Canyon line in Wyoming due to coal train congestion. The trips are scheduled to begin in October 1996 but may be delayed until 1997 if the equipment isn't ready in time.
Twenty former Southern Pacific gallery commute coaches are being converted for this special train by Rader Railcar in Denver CO. The consist is believed to include 18 revenue cars and 2 cars for the 55- member on-board staff. The revenue cars will be similar to the UltraDome cars that Rader built for Tour Alaska and Rocky Mountaineer, but will include specialized cars like a "spa car" with 5 hot tubs and two massage rooms, a dance car, movie theater, and library. There will be 15 staterooms in each of the 8 sleeping cars; each room will include 2 beds, bath, and shower. All cars will be equipped with high-capacity ventilation so nonsmokers can supposedly enjoy the trip.
Philip Morris is also buying two locomotives from EMD, believed to be the two F69PHAC units that were leased to Amtrak for testing several years ago and later pulled the ICE train on its demonstration tour. The total amount being spent on the locomotives and cars is estimated at $50 million.
The 5-day excursions will include off-train activities like white water rafting and horseback riding to let passengers experience "Marlboro Country." Capacity of the train is appears to be 240 (8 sleepers x 30 beds), so it's obvious that several runs will be needed to handle the 4,000 passengers.
The City of Billings MT has applied for a $1.1 million grant from the Philip Morris Foundation to refurbish the former Northern Pacific depot there. Philip Morris has expressed interest in making Billings one of the endpoints for the "Marlboro Unlimited" trips.
Bill Farmer
MK Rail received authorization to proceed with a $91 million contract to build and maintain 24 locomotives for Port Terminal Railroad Assn., according to a recent Dow Jones News Story. The first delivery is scheduled for the first quarter of 1996. The engines will be switchers, MK1500D's, powered by 1500 horsepower Cat. motors. The Port Terminal Railroad Assn., of Houston, is run by UP, SP and BNSF.
via Brian P. Kreimendahl
Railtex's share price fell a dollar, it was reported on November 3, because the company has not made any recent acquisitions. This was despite the fact that profits were up 18 percent in the quarter. The numbers were what Wall Street was expecting," said John Nebens, director of research at Arneson Kercheville & Associates, "but the company continues to have some nagging problems, including slow coal shipments in the midwest and Canada."
via Brian P. Kreimendahl
NOV. 3, The pace for retiring old SP diesels has slowed during the last two weeks of October. However, many of the retired units sold to Progress Rail are moving out with many going to the San Joaquin Valley at Fresno. There must be 20-30 units there by 11/01. Obviously the SJVRR doesn't need the locomotives so there are several possible reasons why they are being sent there.
In SP's computer some of the locomotives sent to Fresno do not show as being sold to Progress Rail but do show "To Fresno - SJVRR." These locomotives (7 SD7Rs) have left Roseville already. Those units know to be going to the SJVRR at Fresno are:
1500 1504 1510 1511 1525 1529 1531 3348 3429 3432 3742 3759 3828 3831 3836 3878 4320 4334 4344 4349 4353 4359 4369 4373 4389 4416 4417 4424 4430 4440.
Other retired SP units going bye-bye are 1537 3377 3383 to Pacific Rail at Colton CA. DRGW3024 to go to East Metro Ind. at E. St. Louis.
Twenty-six (26) of SP's SD45T-2Rs are off the roster as their leases expired. Most (or all) have been returned to Helm Leasing for further assignments. These locomotives are known to been sent to VMV-Paducah: SP6767 6768 6769 6770 6772 6773 6775 6782 6786 6787 6788 6791. Eight others have been renumbered to HLCX numbers and are now working for British Columbia Railway. HLCX 930-937 are ex-SP 6771 6777 6778 6780 6781 6783 6790 6792.
Quick rundown of models still on the SP/DRGW active roster as of 11/04/95.
All during October and up to 11/04 the leasing of locomotives by SP has remained at 62 units. Gone are the two EMD GP60s demo units (EMD5 EMD7) that were on SP for almost 8 years. All of the 62 units now leased are GP38s from EMD and Helm. In a few days 28 of the EMD GP38s will be returned, including EMD773 with a bent frame.
The remaining 26 AC4400CWs are now being delivered by GE after a two month lull. The original 253-unit order was completed in August and these are units that were added on to the order by SP and are delivered when possible. SP378 will be a "free unit" to SP by GE. Gee! What a deal! Buy 278 locomotives and get one free!!!
That's all from Oregon.
Tony Johnson
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ROSEVILLE---Fans will be pleased to know that the old, grimy SD-7s, SD-9s and GP-7s at Roseville are still grinding their little OLD 567 hearts out as yard goats. There have been rumors of their pending demise, but while observing them slam dunk cars at the east end of the yard, there is no evidence of replacements.
A few weeks ago found a single SD-40 (not a tunnel motor) checking the slack action of a bunch of cars, but that seemed only to be a short-lived assignment. Last night (11/7/95) the old reliables were back.
A month or so back, the Roseville-based flangers were moved from relative obscurity into full view near the Roseville Amtrak facility, and even the three rotaries are more visible now.
It's nice to see the yards almost devoid on Mondays, and by Thursdays lots of eastbound (north and east) drags are moving out in a parade of new and newly-rebuilt power. Lots of new GEs, but very few SD-70Ms anymore.
Last August, the family headed for Truckee to camp. For those familiar with the Donner State Park, you'll know 24 hours per day that the main SP line runs about 1,500' above the lake. In years past, the EMD power came by day and night, LOUD and clear. Helpers? Of course. At times, even the most hardened railfan rued the decision to stay there because of the noise. Well, railfans, the times they are a'changing. The new GE AC4400s are so quiet that all you can hear is a low chug and the squeal of flanges on the curve. Very nice, since the campground doesn't reverberate from stem to stern with 645 and 710 rumble... ..until the helpers are decanted from the tunnel. Having been born and raised in LaGrange, there is a certain loyalty to EMD, but those FDLs that GE uses are definitely quieter.
Thomas Krummell
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SP has reportedly received more than 1200 expressions of support from shippers for the proposed $4 billion buyout by UP. SP says virtually all of the companies have pledged to send letters for inclusion with its formal filing with ICC.
via Brian P. Kreimendahl
UP 8000 (SD90MAC) arrived North Platte at 11:30AM on 11/7/95, on its way to DOT-Pueblo.
Ron Lehmer
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7 Nov 1995 14:36:17 GMT--This morning going into school I saw a light unit consist go by Rockport yard in Cleveland with the following consist: CR/UP 4139/CR/UP 6838/UP 6839. The last two UP units were big GE AC units in fresh paint. Not sure if this is one of the first deliveries or not. Look for them toward the North Little Rock way in about two days.
Tim Frey (via usenet)
Steve,
Have I mentioned how much I *really* enjoy the San Jose Towers article by Ken Rattenne, and look forward to future installments?
Definitely one of the better articles I've seen on the Web.
Thanks for placing it on-line!
Robert Bowdidge
Ken has been putting the finishing touches on his tower piece. It will be up soon. It will be awesome!
Steve
Railroad Stock Report for Friday, 10 November 1995 -------------------------------------------------------- Market Data from Thursday, 09 November 1995 Dow Jones Industrial Average closed at 4864.23, up 11.56 on Thursday. ---------------- Big Board (NYSE) ---------------- Line Symbol High Low Close Previous P/E ======================================================================== BNSF BNI 82.625 81.250 82.625 81.875 14 CSX CSX 86.125 84.250 84.750 86.000 13 Conrail CRR 66.500 65.500 65.875 66.250 12 Norfolk Southern NSC 75.875 75.000 75.625 76.750 14 Southern Pacific RSP 22.687 22.500 22.500 22.625 11 Union Pacific UNP 65.250 64.375 64.625 65.375 27 Illinois Central IC 39.125 38.500 38.625 38.625 16 Kansas City Southern KSU 45.375 44.875 45.375 45.000 16 Florida East Coast FLA 68.875 68.250 68.750 68.375 24 Sea Container SCRA 18.250 18.125 18.125 18.125 13 XTRA XTR 43.750 43.500 43.750 43.750 13 Greenbrier GBX 11.000 10.875 11.000 10.875 12 Wabash Natl. Corp. WNC 27.000 26.250 27.000 26.625 24 Trinity Ind. TRN 29.625 29.000 29.000 29.750 14 Ameri. President APS 25.375 24.500 25.000 24.500 12 ------ NASDAQ ------ Line Symbol High Low Close Previous P/E ======================================================================== J.B. Hunt JBHT 16.125 15.750 16.000 16.000 17 Wisconsin Central WCLX 59.000 58.250 58.750 58.375 23 RailTex RTEX 18.000 17.250 18.000 17.750 29 RailAmerica RAIL 3.812 3.562 3.562 3.812 NA Providence & Worc PWRR 7.500 7.250 7.500 7.500 NA Delaware Otsego DOCP 9.500 9.500 9.500 10.000 NA
This document was last updated November 10, 1995.