Rolling Stock Solutions launched as a new leasing platform focused exclusively on delivering proven, like-new locomotive power to U.S. commuter rail agencies facing challenges to replace and improve aging locomotive fleets.
“Having spent two decades at the intersection of government operations and finance,” Phil Puccia, CEO of Rolling Stock Solutions and former deputy general manager of the MBTA in Boston, said, “I know well the imperative for agency leaders to deliver reliable, best-in-class transit service on a tight budget. We believe the RSS lease fleet provides commuter rail operators with a new, flexible resource to sustain and strengthen their service posture at a reasonable cost.”
Rolling Stock Solutions is joined by its strategic partner, Alternate Concepts, an operator of heavy rail, light rail, commuter rail and bus transit services throughout the United States. The company is led by two former general managers of the MBTA.
Rolling Stock Solutions is sponsored by Adelphi Capital Advisory, a private equity platform with experience capitalizing, building and growing equipment leasing and finance businesses in the transportation industry.
Rolling Stock Solutions was created to help commuter rail agencies meet an urgent service delivery challenge: replacing end-of-life diesel-electric locomotives with new capacity which is cleaner and more reliable than the aging locomotives in their fleets. It will deliver locomotive power to commuter rail agencies from a fleet of proven-model locomotives which are completely rebuilt to like-new condition under standard industry specifications. The initial Rolling Stock Solutions fleet will include fully overhauled F40PH locomotives.
Rolling Stock Solutions will provide rail agencies with locomotive power solutions under duration-flexible lease alternatives, giving them – in essence – immediate power on demand to address their most urgent fleeting requirements. Rolling Stock Solutions locomotives will be 100% Buy America compliant and its lease contracts will be eligible for FTA capital investment funding.
Rolling Stock Solutions is currently overhauling its initial fleet of F40PH locomotives through a comprehensive rebuild partnership with CAD Railway Industries and its U.S-based partner, Metro East Industries. The Rolling Stock Solutions fleet will deploy to initial lease operations with commuter rail agency customers in mid-2023.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!