Wednesday, March 30, 2011

Today's Train of Thought- Wheeling and Dealing, March 30, 2011

Today's Train of Thought bids us a not so fond farewell to the month of March as we all are getting ready to turn the page on the calendar and welcome the change of seasons.

Here, contributor J Alex Lang and company caught a pair of Wheeling & Lake Erie GP40s running light through the snow at sunset in Castle Shannon, PA on their way back to W&LE's Rook yard in Pittsburgh on December 20, 2009.

The Rio Grande paint scheme is no accident, either- Wheeling & Lake Erie #303 started out life as GP40 #3085 in 1969. #303 is one of many Wheeling & Lake Erie locomotives that remain in Denver, Rio Grande & Western markings- including a stable of SD40T-2s.

The original W&LE had merged with the Nickel Plate Railroad a few years after WWII, while the Nickel Plate in turn merged with the Norfolk & Western in 1964. The current version of the W&LE came about when Norfolk Southern spun off much of the original trackage from both the original Wheeling & Lake Erie and one-time rival Pittsburgh & West Virginia in 1990. Interestingly, the Pittsburgh & West Virginia [AMEX: PW] ceased to exist as a railway with its 1964 merger with Norfolk & Western (now Norfolk Southern) but still functions as a Real Estate Investment Trust (or REIT), owning the land under 132 miles of track as well as various facilities and offices since 1967. Essentially, P&WV owned the land and track and leases it back to the Norfolk & Western (and then the W&LE) under a 99 year agreement.

1 comment:

  1. I have also totally train pages calender. because i like it so that's why I had brought it.