Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Train operators face rolling stock competition inquiry

The Office of Rail Regulation (ORR) today announced it would refer the leasing of rolling stock for franchised passenger services to the Competition Commission (CC) for further investigation.
The decision follows a public consultation on ORR's competition assessment.ORR chairman Chris Bolt said: 'Rolling stock leasing is a significant part of train operating costs - around £1bn a year. Our review of these markets has identified features that appear to us to prevent, restrict or distort competition. This means that train operating companies may be paying higher prices and/or receiving a poorer quality of service than if competition was more effective.'There are three main passenger rolling stock leasing companies: Angel Trains, HSBC (Rail) UK, and Porterbrook Leasing Company.Click here to view ORR's decision in full.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.