workextra wrote:The LIRR probably got ripped off for the cars OR the new owners are selling them for a huge mark up on the cost.
What would a railroad value the cars at today? (to operate)
what would a scrap dealer value them at today? (to recycle)
The cars were offered through competiive bid and purchased for a very low price. The price per car may have been even lower than LongIslandTool noted.
One entrepreneur, who I know personally, purchased the whole lot. There was much risk involved in this investment in search of profit. The initial investment was only the up-front cost.
He has had to pay for transportation of the cars, storage of the cars, and insurance. When he sold cars, hopefully his revenue generated a net profit against his investment and his continuing costs.
In some cases, things did not go as planned. An example would be the derailment of one or more cars moving in a CSX freight train; I recall there was some question of whether or not the cars were placed in the train's consist where the transportations instructions said they had to be placed. Another example would by the cars abandoned/marooned and cutup for scrap at White Plains MD, the interchange between NS (or is it CSX?) and the former US Navy railroad serving the Navy's Indian Head MD facility, where the individual operated a dinner train for a period of time.