Actually, yes, they would still design traditional DC locomotives. AC is most popular for drag freights, because the motors won't overheat as fast at very low speeds, and since the speed is frequency-controlled, wheel slip is greatly reduced. For locomotives that spend most of their time well above the continuous speed, and for switchers, DC motors are still popular, because the electrical system is much simpler. No inverters or other complicated stuff, just an alternator, rectifiers, and a throttle.