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In the rail transportation sector, rolling stock refers to both powered and non-powered railway vehicles, such as locomotives, freight and passenger cars, and non-revenue cars.
Unpowered, self-propelled, single, or numerous units are all possible for passenger vehicles. A train is a group of connected railroad cars.
The phrase rolling stock has been expanded in the United States from the older, more broadly defined trains to encompass wheeled vehicles utilised by corporations on public roads.
The term uses the word stock to refer to an inventory. Rolling stock is seen as a liquid asset, or one that can be easily approximated to be liquid, because the vehicle’s value may be quickly determined and supplied to the buyer without incurring significant costs or delays.
In contrast, fixed stock (infrastructure), which refers to all of the track, signals, stations, additional buildings, electrical lines, etc. needed to run a railway, is a general phrase for all of these items.
Union Pacific, a US-based company, has awarded Wabtec a significant contract for the modernization of its locomotives.
According to the agreement, the business will modernise Union Pacific’s locomotives by integrating cutting-edge digital technologies.
Along with other locomotives, the contract’s scope covers the overhaul of Union Pacific’s most recent locomotives.
These locomotives will be outfitted with cutting-edge digital technologies, such as the modular control architecture and the Advantage engine upgrade.
Additionally, they will integrate cutting-edge controls technology that will be used by the entire fleet of Wabtec locomotives. Wabtec intends to begin shipping the updated locomotives early in the following year.
The US Rolling Stock Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
