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Rolling stock company
Company owning railway engines and carriages From Wikipedia, the free encyclopedia
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A rolling stock company (ROSCO) or rolling stock leasing company owns and maintains railway engines and carriages which are leased to train operating companies who operate the trains.
Rolling stock companies have been criticised as rentier capitalist, in that they add little value to the end product compared to direct ownership of the trains by the train operating companies, and extract profits from what were once in many cases government-owned and government-financed assets.[1] However, the arrangement removes the need for the train operating companies to raise capital to purchase the rolling stock.
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Africa
- Sheltam Grindrod[2]
- Swifambo Rail Leasing[3]
Australia
Canada
- Bombardier Transportation (Sold to Alstom SA in 2021)
Europe
United Kingdom
ROSCOs began to be used when British Rail was privatised, beginning in 1994.[4]
United States
References
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