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Porterbrook
Porterbrook is a British rolling stock company (ROSCO), created as part of the privatisation of British Rail. Together with Angel Trains and Eversholt Rail Group, it is one of the three original ROSCOs. Porterbrook was established in March 1994 and was privatised via a management buyout during November 1995. In August 1997, it was acquired by the transport specialist Stagecoach at a far higher value. Two and a half years later, Stagecoach sold Porterbrook to the British banking group Abbey National. Prior to this, Porterbrook had entered the freight leasing market for the first time as well as the continental European rail leasing market; the latter activities were sold off in December 2004, resulting in the creation of CB Rail. On 27 October 2008, Porterbrook was purchased from Abbey National by a consortium of Antin Infrastructure Partners, Deutsche Bank and Lloyds TSB. During the 2010s, Porterbrook engaged in various projects to overhaul or dispose of aging rolling stock. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Rail Class 769
The British Rail Class 769 ''Flex'' is a type of Electro-diesel multiple unit, bi-mode multiple unit (BMU) and tri-mode multiple unit (TMU) which is currently being converted by Brush Traction, and running in service with Transport for Wales Rail and Northern Trains. The train is a conversion of the existing electric multiple unit (EMU), a conventional unit type which had become surplus to requirements during the 2010s. The conversion process is carried out by a partnership between the rolling stock leasing company Porterbrook and train manufacturer Brush Traction. The conversion principally involves the addition of a pair of MAN SE, MAN diesel engines (one under each driving trailer vehicle), the output of which is fed into ABB-provided alternators to power the existing electric traction systems. According to Porterbrook, the Class 769's performance under diesel power is either equal or superior to that of a British Rail Class 150, Class 150 Sprinter diesel multiple unit (DMU ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Rail Class 319
The British Rail Class 319 is an electric multiple unit passenger train built by British Rail Engineering Limited's Holgate Road carriage works for use on north–south cross-London services. These dual-voltage trains are capable of operating on from AC overhead wires or 750V DC from a third rail. Built in two batches in 1987–88 and 1990, the units were primarily used on the then-new Thameslink service from Bedford to Brighton and various other destinations south of London. The majority of the fleet remained in use on the Thameslink route after its reshaping and privatisation in 1997. Some of the fleet was also used by Connex South Central and latterly Southern on various services operating out of London Victoria, including flagship expresses to Brighton. Since delivery of new rolling stock for Thameslink services began in 2015, the Class 319 units have been redeployed for use on electrified lines in North West England but by 2023 will be replaced by units cascaded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ascendos Rail Leasing
Ascendos Rail Leasing S.à r.l., formerly CBRail, was a European rolling stock leasing company based in Luxembourg. Its business activities were focused on Continental Europe, and had offices in Luxembourg, Germany and the United Kingdom. It was formed as a subsidiary of the British rail leasing company Porterbrook to handle its European operations; during December 2004, its purchase by a joint venture between Babcock & Brown and Bank of Scotland Corporate Europe was announced. Throughout the rest of the decade, the company formed multiple deals to expand its inventory of rolling stock. By June 2008, the company had 118 locomotives, 785 freight wagons and 103 passenger vehicles either on lease or under construction. At the start of 2010, the company rebranded itself as ''Ascendos Rail Leasing'', after being unable to adopt its preferred name of ''Eurorail''. In June 2016, it was announced that Beacon Rail Leasing, a competing Pan-European rolling stock lessor, was in the proces ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Rail Class 43 (HST)
The British Rail Class 43 (HST) is the TOPS classification used for the InterCity 125 ''High Speed Train'' (formerly Classes British Rail Class 253, 253 and British Rail Class 254, 254) power cars, built by British Rail Engineering Limited from 1975 to 1982, and in service in the UK since 1976. The class is officially the Railway speed record#Fuel-electric, fastest diesel locomotive in the world, with an absolute maximum speed of , and a regular service speed of . The record run was led by 43102 (43302) and trailed by 43159. History and background In the early 1970s, the British Railways Board made the decision to replace its main-line express diesel traction. Financial limitations were tight, so mass electrification was not possible. As a result, a new generation of high-speed diesel trains had to be developed. Experience with the high-speed British Rail Class 55, Class 55 ''Deltic'' locomotives had shown that a low axle weight was essential to avoid damage to the track at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abbey National
The Abbey National Building Society was formed in 1944 by the merger of the Abbey Road and the National building societies. It was the first building society in the United Kingdom to demutualise, doing so in July 1989. The bank expanded through a number of acquisitions in the 1990s, including James Hay, Scottish Mutual, Scottish Provident and the rail leasing company Porterbrook. Abbey National launched an online bank, Cahoot, in June 2000. In September 2003, the bank rebranded as Abbey, and in November 2004, it became a wholly owned subsidiary of the Spanish Santander Group, with a rebrand following in February 2005. In January 2010, the savings business of Bradford & Bingley was combined with the bank, and Abbey National plc was renamed Santander UK plc. Prior to the takeover, Abbey National plc was a constituent of the FTSE 100 Index. History Pre-merger: The National Building Society The National Building Society had its origins in the freehold land movement, sometimes ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stagecoach Group
Stagecoach Group is a transport group based in Perth, Scotland. It operates buses, express coaches and a tram service in the United Kingdom. History Stagecoach was born out of deregulation of the British express coach market in the early 1980s, though its roots can be traced back to 1976 when Ann Gloag and her husband Robin Gloag set up a small recreational vehicle and minibus hire business called ''Gloagtrotter'' in Perth, Scotland. Ann's brother, Brian Souter, an accountant, joined the firm and expanded the business into bus hire. In 1982, with the collapse of his marriage to Ann, Robin Gloag sold his ownership stake in the business and ceased any involvement. The Transport Act 1980, which freed express services of 35 miles and over from regulation by the Traffic Commissioner, brought new opportunities for the company and services were launched from Dundee to London using second-hand Neoplan coaches. For a while, the company offered a very personal service with Brian So ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angel Trains
Angel Trains is a British rolling stock company (ROSCO). Together with Eversholt Rail Group and Porterbrook, it is one of the three original ROSCOs. Angel Trains was established in March 1994 as part of the privatisation of British Rail. In November 1995, it was bought by Nomura Holdings Babcock & Brown and former InterCity (British Rail), InterCity manager John Prideaux. By September of the following year, Angel Trains had contracts with 19 of the 25 train operating company, train operating companies (TOCs) in the UK, and owned approximately 3,755 vehicles. During December 1997, Angel Trains was sold on to the NatWest Group, Royal Bank of Scotland, leading to criticism of the firm having been previously undervalued. The firm quickly expanded into the continental European rail leasing business; this international branch of the firm would be split off as ''Angel Trains International'' during 2008 and was subsequently rebranded as Alpha Trains. In addition to its British Rail-era ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alberta Investment Management Corporation
Alberta Investment Management Corporation (AIMCo) is an Albertan Crown corporation and institutional investor established to manage several public funds and pensions headquartered in Edmonton, Alberta. AIMCo was established by an act of the Legislative Assembly of Alberta in 2008 under the government of Progressive Conservative Premier Ed Stelmach. AIMCo manages one of Canada's largest public pools of funds with assets under management totaling $119 billion as of 2020. AIMCo manages the assets on behalf of 375,000 members of provincial public retirement programs, endowments, government funds, and other public accounts, including Alberta's $18-billion Heritage Savings Trust Fund. Overview The Progressive Conservative government first announced their intent to consolidate investment management under a new crown corporation on March 20, 2007, with the introduction of ''Alberta Investment Management Corporation Act'' (Bill 22). Originally founded under the name Alberta Investmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Rail Class 90
The British Rail Class 90 electric locomotives were built for mixed-traffic duties, operating from overhead lines and produce . They weigh 84.5tonnes and can typically achieve a top speed of . The Class 90 is a modernised derivative of the preceding Class 87 locomotive, having been originally designated as the ''Class 87/2''. During the 1980s, British Rail Engineering Limited (BREL) had submitted an offer to build 25 examples to replace various aging electric locomotives, including the Class 81, Class 82, Class 83, Class 84 and Class 85. It was selected over numerous rival proposals, including the InterCity 225 and the Class 89; the type was manufactured by BREL at Crewe Works between 1987 and 1990. The Class 90 was introduced to service during the closing years of British Rail, being used for both passenger services and freight trains alike. Following the privatisation of British Rail, the type has served with various operators, including Greater Anglia, Virgin Tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rolling Stock Company
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. Africa * Sheltam Grindrod * Swifambo Rail Leasing Australia *Rail First Asset Management Europe *Alpha Trains * Macquarie European Rail United States * Chicago Freight Car Leasing Company (CFCL) United Kingdom *Angel Trains *Beacon Rail *Europhoenix *Eversholt Rail Group *Porterbrook *Rock Rail Rock Rail is a British rolling stock company (ROSCO). It was established by Rock Infrastructure in 2014, and was structured as a subsidiary of the firm during July 2016. Rock Rail signed its first rail leasing deal for 25 Siemens Mobility-built ... References Rolling stock leasing companies {{UK-rail-transport-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatisation Of British Rail
The privatisation of British Rail was the process by which ownership and operation of the railways of Great Britain passed from government control into private hands. Begun in 1994, it had been completed by 1997. The deregulation of the industry was initiated by EU Directive 91/440 in 1991, which aimed to create a more efficient rail network by creating greater competition. British Railways (BR) had been in state ownership since 1948, under the control of the British Railways Board (BRB). Under the Conservative government of Margaret Thatcher elected in 1979, various state-owned businesses were sold off, including various functions related to the railways – Sealink ferries and British Transport Hotels by 1984, Travellers Fare catering by 1988 and British Rail Engineering Limited (train building) by 1989. It was under Thatcher's successor John Major that the railways themselves were privatised, using the Railways Act 1993. The operations of the BRB were broken up and sold o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eversholt Rail Group
Eversholt Rail Group is a British rolling stock company (ROSCO). Together with Angel Trains and Porterbrook, it is one of the three original ROSCOs created as a result of the privatisation of British Rail. Eversholt was established in March 1994 and was promptly privatised one year later via a £580 million management buyout. During February 1997, it was acquired by the Midland Bank and briefly renamed ''Forward Trust'', and again renamed ''HSBC Rail''. The company has primarily operated within the UK market, but between 2000 and 2009, HSBC Rail was also active on the European leasing market as well, before selling off this arm of the business to rival leasing firm Beacon Rail. As HSBC Rail, it was involved in the supply of 28 British Rail Class 395 high speed train sets from Hitachi Europe in a £250million contract. The company also submitted an unsolicited response to the Intercity Express Programme, which was dismissed. In January 2010, HSBC Rail was rebranded back to the Ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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