Variety of rolling stock in rail yard
Variety of rolling stock in rail yard

The term rolling stock in the rail transport industry refers to railway vehicles, including both powered and unpowered vehicles: for example, locomotives, freight and passenger cars (or coaches), and non-revenue cars. Passenger vehicles can be un-powered, or self-propelled, single or multiple units.[1][2][3][4] A connected series of railway vehicles is a train (this term applied to a locomotive is a common misnomer).

In North America, Australia and other countries, the term consist (/ˈkɒnsɪst/ KON-sist) is used to refer to the rolling stock in a train.[5]: 1‑129 

In the United States, the term rolling stock has been expanded from the older broadly defined "trains" to include wheeled vehicles used by businesses on roadways.[6][7][8]

The word stock in the term is used in a sense of inventory. Rolling stock is considered to be a liquid asset, or close to it, since the value of the vehicle can be readily estimated and then shipped to the buyer without much cost or delay.[9][10] The term contrasts with fixed stock (infrastructure), which is a collective term for the track, signals, stations, other buildings, electric wires, etc., necessary to operate a railway.

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See also

References

  1. ^ "Yaxham Light Railway rolling stock page". Archived from the original on 2015-09-20. Retrieved 2007-02-07.
  2. ^ "Definition of "rolling stock" from the Oxford English Dictionary accessed 5 February 2007 (subscription service)".
  3. ^ "Definition of "rolling stock" from the Concise Oxford Dictionary". Archived from the original on March 6, 2007.
  4. ^ "Definition from the American Heritage Dictionary". Archived from the original on 2009-02-22.
  5. ^ McAuliffe, Des (1999). "The Snowtown to Port Pirie line". Proceedings of the 1999 convention. Modelling the Railways of South Australia. Adelaide.
  6. ^ "Rolling stock". The Free Dictionary. Farlex. Retrieved January 27, 2017.
  7. ^ Illinois Department of Revenue. "RUT-7: Rolling Stock Certification" (PDF). Retrieved January 27, 2017.
  8. ^ "Michigan's Rolling Stock Exemption". TaxRates. Avalara. Retrieved January 27, 2017.
  9. ^ Finger, Matthias; Bert, Nadia; Kupfer, David, eds. (2014). "Rail infrastructure and rolling stock: investments, asset renewal and regulation" (PDF). European University Institute, Florence School of Regulation. pp. 8–9. Archived from the original (PDF) on 2017-02-02. Retrieved 2017-01-27.
  10. ^ Wijnia, Y.; de Croon, J.; Liyanage, J.P. (2014). "36: Application of a Unified Reference Model Across Asset Types: Comparative Cases". In Lee, Jay; Ni, Jun; Sarangapani, Jagnathan; Mathew, Joseph (eds.). Engineering Asset Management 2011: Proceedings of the Sixth World Congress on Engineering Asset Management. London: Springer. pp. 416–417. ISBN 978-1-4471-4993-4. ISSN 2195-4356. LCCN 2013934026 – via Google Books.

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