Creel: Locomotives Cost $2M-$3M Each and Require 2-3 Mechanics to Maintain
Keith Creel · Keith Creel: Lessons from Life on the Railroad · Nov 29, 2022 · at 14:51
Keith Creel, CEO of Canadian Pacific, details the ongoing capital and maintenance costs associated with maintaining surplus rail fleet capacity.
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“500 additional locomotives, well, just in capital expense alone, they cost two to three million dollars apiece, and then you've got to have two or three mechanics per locomotive to maintain them, you've got to have repair parts”
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