58042 was handed over to traffic during May 1986. Like other class members, it carried the Railfreight Red Stripe livery from new. A typical second-batch Class 58, it ran with CP3A bogies and a wider silencer. It was named “Ironbridge Power Station” in September 1986 after the power station located in Shropshire, and it also carried cast Railfreight plaques on the cab fronts.
Repainted into Triple Grey livery with Coal Sector branding in 1991, it continued to work the Midlands MGR (Merry-Go-Round) circuits like many of the class, but was also used on railtours, including into Kent. In 1995, the Coal branding gave way briefly to Mainline logos before a full repaint into Mainline’s Aircraft Blue was undertaken. It kept its Ironbridge plates briefly before being renamed “Petrolea”—plates which had been transferred from 47374 to 37888 before finally landing on 58042. The locomotive was finally stored after periods in and out of traffic on 12th April 2002. Stored until 2008, it was reactivated for service in France, where it later suffered the same fate as the others stored at Alizay and was cut up in 2023.