Commentary: Does rebuilding locomotives beat buying new?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

Ever check out the list prices of brand-new main line diesel-electric locomotives? They are expensive – about $3 million each.

People get mesmerized by the horsepower quoted. Nah! You want pulling power – and less top-end speed. Speed is what you require horsepower for. But dragging heavy long freight trains is the North American business model. You need to...

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