The term rolling stock in the rail transport industry refers to railway , including both powered and unpowered vehicles: for example, , freight and passenger cars (or coaches), and non-revenue cars. Passenger vehicles can be un-powered, or self-propelled, Railcar or Multiple unit units.
In North America, Australia and other countries, the term consist ( ) is used to refer to the rolling stock comprising a train, a list containing specific information for each car of a train, or a group of locomotives.
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.
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.
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