In 1966, the American Locomotive Company is in serious trouble. The Parsons Vale Line is hurrying some LT&L locomotives into retirement and replacing them with new locomotives from ALCO's Schenectady plant. Also, the frames and carbodies for the 4 new PV&T class B locomotives are being ordered from ALCO instead of being fabricated in the Portland shops.

Of course, this won't make any difference in the long run. In 1972, after delivering the last LT&L C420, ALCO will shutter its Schenectady shop and exit the locomotive business, leaving the Parsons Vale, among others, as owners of large fleets of orphaned diesels.

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