rolling stock


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Rolling Stock

Automobiles, railroad cars, trucks, and similar assets. Rolling stock is used as collateral on some loans because it is easy for the lender to take possession of them in the event of default.

rolling stock

Any of various readily movable transportation equipment such as automobiles, locomotives, railroad cars, and trucks. Rolling stock generally makes good collateral for loans because the equipment is standardized and easily transportable among firms or locations. See also equipment trust certificate.
References in periodicals archive ?
Vivarail, run by former Chiltern Railways engineers, has enough carriages to make 75 three-car diesel trains to help with the country's lack of rolling stock.
The rolling stock, a total of 63 cars, will be manufactured by Japan Transport Engineering Company (J-TREC), a member of the East Japan Railway Company (JR East) Group.
Factors that determine the number of rolling stock failures
The notice states: "Merseyside Passenger Transport Executive is currently considering its options around the replacement of its current fleet of Class 507/508 EMU Rolling Stock should it decide to replace the rolling stock following conclusion of its business case process.
I have written to the Transport Secretary Philip Hammond inviting him to come to West Yorkshire and travel on some rush-hour trains to see for himself the effects of rolling stock shortages".
The commission has now recommended the Department for Transport (DfT) introduce a greater degree of flexibility in the franchise system or the procurement of leased rolling stock in an effort to achieve a greater degree of choice in carriages for train companies.
The Department for Transport said it was not satisfied the prices charged for rolling stock were fair and is understood to believe the banks could be overcharging by pounds 100m a year.
Toshiba and Chinese major diesel train maker Dalian Locomotive & Rolling Stock Works signed an agreement in Dalian on Wednesday to establish the venture, Dalian Toshiba Locomotive Electric Equipment Co.
Rolling Stock Operating Companies (ROSCO) that was privatized by the U.
The new joint venture company will be located at the existing foundry of Zhuzhou Rolling Stock Works.
The new coverage, called LexTrax, includes railroad liability coverage for pollution liability, evacuation expense, general liability, bill of lading liability--which covets the insured for cargo claims--and foreign rolling stock coverage--which covers the insured's liability for damage to non-owned rolling stock in the care, custody, and control of the insured.
The competitive landscape has remained almost unchanged since 2006, Bombardier, China South Locomotive and Rolling Stock Corporation Limited, Kawasaki, Alstom, Siemens AG being the top 5 players.