European Loc Pool Orders 20 Stadler EuroDual Locomotives

Frauenfeld, Switzerland – European Loc Pool (ELP) has signed a further contract with Stadler Valencia for 20 EuroDual locomotives, taking the Swiss lessor’s total fleet to 144 units. The six-axle dual-mode locomotives will be authorised for operation in Germany, Austria, Croatia, Serbia and Slovenia. Neither ELP nor Stadler disclosed the contract value or a delivery schedule.

What Does This Contract Cover?

The contract covers supply of 20 six-axle Stadler EuroDual locomotives to European Loc Pool, which will place them with freight operators under full-service leasing contracts that include maintenance.

The EuroDual combines electric traction up to 6.2 MW with a 2.8 MW diesel engine and delivers a maximum starting tractive force of 500 kN, allowing the same unit to work electrified main lines, non-electrified industrial branches and first/last-kilometre legs. Adding 20 units to a fleet that also includes the higher-output Euro9000 takes ELP’s total to 144 locomotives, continuing a purchasing relationship with Stadler Valencia that has already placed six-axle dual-mode units in several European freight markets.

Key Contract Data

How Does This Compare to Similar Contracts?

Alstom’s €19.8 billion order intake for FY2024/25, up 4.7% year on year, sets the scale of European rolling stock demand against which ELP’s undisclosed 20-unit order sits. (Source: Alstom, 2025)

Comparable locomotive-level deals are smaller and often disclosed in unit terms rather than value: PKP Intercity ordered 32 further Newag Griffin 200 locomotives, extending an existing Polish framework rather than opening a new cross-border approval package. (Source: RailMarket, 2025) Where values are published, they are typically attached to high-speed rolling stock rather than freight locomotives — Alstom’s 12 Avelia Horizon trains for Proxima in France carry a value of nearly €850 million plus 15 years of maintenance, roughly €70 million per trainset before service costs. (Source: Alstom, 2025) That figure is not a usable benchmark for a diesel-electric freight unit, and ELP’s per-locomotive price remains not disclosed.

The commercial backdrop is mixed. German rail freight fell 5.4% in 2025, driven mainly by DB Cargo’s decline, even as total rail operating performance held near 1.125 billion train-path kilometres. (Source: RailMarket, 2025) Longer term, Germany’s multimodal transport market is projected to grow at a 4.8% CAGR from 2025 to 2030, reaching $94.7 million by 2030, while Europe’s freight wagon market is forecast to rise from $5.9 billion in 2025 to $7.1 billion by 2035. (Source: MarketsandMarkets, 2025; Fact.MR, 2025)

Editor’s Analysis

ELP’s latest tranche is a bet on border-crossing dual-mode traction rather than on any single national freight market — the five-country approval set (Germany, Austria, Croatia, Serbia, Slovenia) targets the Alpine and Western Balkan corridors where electrification ends at sidings and terminals, not on main lines. That is a different risk position from ordering for Germany alone, where DB Cargo’s contraction has pulled down national freight volumes by 5.4% in 2025 and left private operators and intermodal flows as the growth segment. (Source: RailMarket, 2025)

On hardware, the EuroDual’s 2.8 MW diesel module and 500 kN starting tractive force sit above Siemens’ Vectron Dual Mode benchmark of roughly 2.0 MW diesel and 6.4 MW electric with about 300 kN starting tractive effort, giving ELP a heavier-haul proposition on partially electrified routes. (Source: Siemens Mobility, 2024) The trade-off is that no unit price, delivery slot or financing structure has been published, so the order cannot yet be assessed against the leasing rates ELP will need to sustain across a 144-unit portfolio.

FAQ

Q: How many locomotives does European Loc Pool have after this order?
A: The order for 20 additional Stadler EuroDual units takes ELP’s total fleet to 144 locomotives. That figure covers both the EuroDual and the higher-output Euro9000 types in the leasing company’s portfolio.

Q: What is the value of the order and when will the locomotives be delivered?
A: Neither European Loc Pool nor Stadler Valencia disclosed the contract value, and no delivery schedule or authorisation timetable was published. This has not been officially confirmed by either party.

Q: What are the technical specifications of the EuroDual?
A: The six-axle locomotive produces up to 6.2 MW in electric mode and 2.8 MW from its diesel engine, with 500 kN maximum starting tractive force. Those figures let it haul heavy freight on electrified main lines and still work non-electrified industrial branches.

Q: Which countries can these locomotives operate in?
A: The new batch will be authorised for Germany and Austria as well as Croatia, Serbia and Slovenia, covering several European rail freight corridors. ELP has not stated whether further national approvals are planned for the same units.