Rolling stock company

Short description: Company owning railway engines and carriages

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.

Africa

Sheltam Grindrod^[2]
Swifambo Rail Leasing^[3]

Australia

Rail First Asset Management

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

Chicago Freight Car Leasing Company (CFCL)

References

↑ Dennis, Gareth (2022). "Britain's privatised railways". IPPR Progressive Review 29 (3-4): 234-243. https://onlinelibrary.wiley.com/doi/abs/10.1111/newe.12320.
↑ Railways Africa 2007/6 p. 6
↑ "rail mobility at its best". Swifambo Holdings. 2014-05-18. http://www.swifamboholdings.co.za/.
↑ "Railway passenger franchises". 23 May 2018. p. 5. https://researchbriefings.files.parliament.uk/documents/SN01343/SN01343.pdf.

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[1] Dennis, Gareth (2022). "Britain's privatised railways". IPPR Progressive Review 29 (3-4): 234-243. https://onlinelibrary.wiley.com/doi/abs/10.1111/newe.12320.

[2] Railways Africa 2007/6 p. 6

[3] "rail mobility at its best". Swifambo Holdings. 2014-05-18. http://www.swifamboholdings.co.za/.

[4] "Railway passenger franchises". 23 May 2018. p. 5. https://researchbriefings.files.parliament.uk/documents/SN01343/SN01343.pdf.

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