Rolling Stock Solutions, LLC (RSS) announced June 10 that it was rebuilding a fleet of F40PH locomotives for lease to commuter railroads; deployment is expected to begin in mid-2023.
RSS said it was created “to help commuter rail agencies meet an urgent service delivery challenge – replacing end-of-life diesel-electric locomotives with new, cleaner, more reliable capacity” .
Based in Boston, Massachusetts, Alternate Concepts, Inc., a full-service operator of heavy rail, light rail, commuter rail and bus services across the United States, is a strategic partner, and the private equity firm Adelphi Capital Advisory is a sponsor.
RSS has teamed up with CAD Railway Industries and its American partner Metro East Industries to overhaul an initial fleet of F40PH.
The company said the locomotives will offer a service life of more than 20 years, “providing immediate improvement in reliability and reduced maintenance costs”; will feature a completely rebuilt main engine and Stage 4 HEP, offering “significantly reduced NOx, hydrocarbon and PM10 emissions and improved fuel efficiency”; and will be 100% Buy America compliant, so “RSS leases will be eligible for FTA [Federal Transit Administration] capital investment financing. Additionally, the units will be built to standard specifications, allowing them to “integrate seamlessly into the agencies’ existing fleet operations and maintenance programs”, and will include a completely rebuilt electronics package for ” enable the installation and integration of an agency’s positive train control system,” according to RSS, which will offer flexible rental terms.
“Having spent two decades at the intersection of government operations and finance, I know well the imperative for agency leaders to deliver reliable, top-notch transit service on a tight budget,” said the RSS CEO Phil Puccia, who is a former deputy. Massachusetts Bay Transportation Authority (MBTA) CEO and investment banker. “We believe the RSS rental fleet provides commuter rail operators with a flexible new resource to maintain and strengthen their service posture at a reasonable cost.”