CFCLA loco sales

 
  Clyde Goodwin Junior Train Controller

Am i right in thinking this company are in money troubles as i have been hearing of them selling locos recently

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  Bills_Billboards Chief Commissioner

no different to a trucking company selling off high mileage trucks that are past the requirements of the company
  M636C Minister for Railways

no different to a trucking company selling off high mileage trucks that are past the requirements of the company
Bills_Billboards
Except in this case they have sold Aurizon at least two of their newest and most expensive locomotives (CF4401 and CF4409) and as I've posted today, maybe CF4402 which was in 5BM7 today between two LDPs...

Peter
  DounutCereal Chief Train Controller

Location: Who knows.
no different to a trucking company selling off high mileage trucks that are past the requirements of the company
Except in this case they have sold Aurizon at least two of their newest and most expensive locomotives (CF4401 and CF4409) and as I've posted today, maybe CF4402 which was in 5BM7 today between two LDPs...

Peter
M636C
I was under the impression that 4402 and 4409 were sold but checking here says otherwise: https://extranet.artc.com.au/docman/DocManFiles/DocTypes/TOC/Files/16167.PDF?1718644512

The first time I heard that a couple CF's had been sold the number quoted was 4402 so perhaps there's some truth in the rumour? Though I can't seem to find any ARTC transfer of ownership for CF 4402 so I guess we'll have to wait and see where it goes
  M636C Minister for Railways

4401 and 4409 were used by Rio Tinto in Dampier and Cape Lambert, but had been returned to Bassendean with no user in sight. They have been reported by reliable sources as being picked up by Aurizon from Bassendean.

I only saw 4402 yesterday, so the paperwork might be yet to catch up....

Peter
  bingley hall Minister for Railways

Location: Last train to Skaville
Am i right in thinking this company are in money troubles as i have been hearing of them selling locos recently
Clyde Goodwin
Why don't you ring and ask them - I'm sure they'd be only too glad to help Razz
  Clyde Goodwin Junior Train Controller

Thank you Bingly hall for that suggestion it is most welcome

I think they may have more to do than answer a train liking persons Questions but
  Big J Deputy Commissioner

Location: In Paradise
Am i right in thinking this company are in money troubles as i have been hearing of them selling locos recently
Clyde Goodwin
No. Not unusual for leasing companies to sell their assets. They are usually replaced with new assets. Happens in the US rail market as well in aviation globally.

Also rail businesses flog off their assets to keep value on the books and write down debt. Did you ask the same question when Aurizon sold their locos overseas or when PN did their wholesale scrapping?

I wouldn't start a rumour or gossip about a business' liquidity, on the basis of a mere asset sale, particularly with a leasing business!
  nswtrains Chief Commissioner

Am i right in thinking this company are in money troubles as i have been hearing of them selling locos recently
No. Not unusual for leasing companies to sell their assets. They are usually replaced with new assets. Happens in the US rail market as well in aviation globally.

Also rail businesses flog off their assets to keep value on the books and write down debt. Did you ask the same question when Aurizon sold their locos overseas or when PN did their wholesale scrapping?

I wouldn't start a rumour or gossip about a business' liquidity, on the basis of a mere asset sale, particularly with a leasing business!
Big J
I believe the people behind CFCLA are well heeled and like racing horses at the Kentucky Derby which says a lot.
  Pressman Spirit of the Vine

Location: Wherever the Tin Chook or Qantas takes me
Am i right in thinking this company are in money troubles as i have been hearing of them selling locos recently
Clyde Goodwin
Maybe you should do a little research before making comments

CFCLA is a subsidiary of Sasser Family Holdings Inc. who have been around in the USA since 1928. http://www.sfhsinc.com/history

CFCLA has some 148 Locos in Australia along with a fleet of near on 2,000 wagons

The sale of a couple of locos is nothing more than taking advantage of a market situation (that is called good business practice)
  M636C Minister for Railways

Am i right in thinking this company are in money troubles as i have been hearing of them selling locos recently
Maybe you should do a little research before making comments

CFCLA is a subsidiary of Sasser Family Holdings Inc. who have been around in the USA since 1928. http://www.sfhsinc.com/history

CFCLA has some 148 Locos in Australia along with a fleet of near on 2,000 wagons

The sale of a couple of locos is nothing more than taking advantage of a market situation (that is called good business practice)
Pressman
While the viability of CFCL is unlikely to be affected, CFCLA have a lot of locomotives and container wagons in storage right now.

Many of the older locomotives, ELs and GLs are out of use and have been available for sale for some time with no takers.

Watco bought the two 422s which were probably a good buy.



The CM class are often seen out of use.

The CFs have been fairly well used but Aurizon have bought at least two. The two with Freightliner might be returned now that GWUs are moving to NSW and G&W now own all the XRNs.

If "money troubles" includes a significant drop in cash flow due to a reduction in lease revenue, it might be a fair description.

I wouldn't expect them to go out of business any time soon, however...

Peter
  Trainplanner Chief Commissioner

Location: Along the Line
Saw two CM units departing from the relatively new intermodal terminal at Blayney with a load rake of the "ore" containers heading for Sydney on Boxing Day.  They were back there again when I was returning south on Wednesday 28th Dec.

Yesterday 2 Jan I saw a CF spliced between 2 Aurizon units at the Aurizon depot in Melbourne. All the units were running and it looked like they were about to attach to an intermodal service as I drove by.
  Big J Deputy Commissioner

Location: In Paradise
I believe the people behind CFCLA are well heeled and like racing horses at the Kentucky Derby which says a lot.
nswtrains
LOL. Like their loco naming.
  Gman_86 Chief Commissioner

Location: Melton, where the sparks dare not roam!
Selling a couple of good locomotives is not proof of financial woes.

If somebody sells their house, that doesn't equal money troubles. It could mean that, but then again it could mean many different things.

It is a strange deduction and assumption to make.


CFCLA are not in direct competition with any of the companies they have sold locomotives to, in fact, CFCLA really don't have any direct competitors in the Australian market. They have mostly sold assets to current clients, and prospective clients, this is just a part of their business.

Also, in case the mood of the room was lost on you, I wouldn't take up Bingley's suggestion of ringing them up and asking them about their financial situation, they would just tell you to mind your own business. And they would be right.
  303gunner Station Master

Some locos in a familiar paint scheme on this Broker's site:

https://www.locomotives-for-sale.com/Rolling-Stock/Locomotives-Multiple-Units/
  james.au Chief Commissioner

Location: Sydney, NSW
They're still on that site.
I wonder what price CFCLA are after.
  bingley hall Minister for Railways

Location: Last train to Skaville
They're still on that site.
I wonder what price CFCLA are after.
james.au

Tooooo much obviously, given the length of time they've been up for sale Razz
  Sulla1 Chief Commissioner

As an aside the site does list some South African Cape gauge and 2ft gauge models that might interest a few Australian operators.
  djukinX1016 Deputy Commissioner

DBZ locos are also shown though CBH bought them and have reactivated three of them so far.
  james.au Chief Commissioner

Location: Sydney, NSW
They're still on that site.
I wonder what price CFCLA are after.

Tooooo much obviously, given the length of time they've been up for sale Razz
bingley hall
I wonder what their book value is - did CFCLA pay too much?
  ADB Locomotive Driver

Is that CFCLA's three C-class that are listed as sold?
  Graham4405 Minister for Railways

Location: Dalby Qld
Is that CFCLA's three C-class that are listed as sold?
ADB
Do you mean these?
https://www.locomotives-for-sale.com/Rolling-Stock/Locomotives-Multiple-Units/Heavy-Freight-Diesel-Electric-Locomotives-For-Sale/
Whilst similar, I don't think they are C class.
  bingley hall Minister for Railways

Location: Last train to Skaville
Is that CFCLA's three C-class that are listed as sold?
Do you mean these?
https://www.locomotives-for-sale.com/Rolling-Stock/Locomotives-Multiple-Units/Heavy-Freight-Diesel-Electric-Locomotives-For-Sale/
Whilst similar, I don't think they are C class.
Graham4405

???  That's definitely a C class

Responding the previous post, the link relates to the 6 (non CFCLA) C class that were sold to SSR back in 2016. Just because it's on the internet does not mean it is true or current.
  hbedriver Chief Train Controller

The current Victorian Weekly Notice shows the EL class as now being under the operation of QUBE in terms of accreditation to run on V/Line tracks. Have they been bought outright by QUBE, or now on lease?
  M636C Minister for Railways

The current Victorian Weekly Notice shows the EL class as now being under the operation of QUBE in terms of accreditation to run on V/Line tracks. Have they been bought outright by QUBE, or now on lease?
hbedriver
The Victorian vehicle listings appear to show locomotives under  the organisation that leases them rather than the locomotive owner.

Apart from the four units leased by PN for South Maitland Railway coal traffic, most of the others are in store in Goulburn, many not having moved in years. I think one appears on Balco traffic in SA from time to time.

QUBE seem to use CM class more often than other types from CFCLA.

Peter

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