The LBC's first locomotive was a 20-year-old, Denver and Rio Grande Railroad (D&RG) cast-off that Carpenter purchased for $1,200. Throughout the railroad’s 35-year existence it owned but five locomotives, two of which were unique gear-driven Shay locomotive types that were purchased new from the builder. Other rolling stock included about 30 coal cars, a caboose, two excursion cars, and a couple of flat cars for hauling stone and performing maintenance-of-way work. The road's cars and coaches were all built by Grand Junction craftsmen, except a few that were rented from the D&RG on occasion.
