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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.
Part of a series on |
Rail transport |
---|
|
Infrastructure |
|
Service and rolling stock |
|
Special systems |
|
Miscellanea |
Transport portal |
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.