Porterbrook was the first ROSCO to place orders for new passenger rolling stock post privatisation. It was also the first ROSCO to invest in the rail freight industry.
Since then Porterbrook has purchase or has on order over 2,300 passenger vehicles, more than 2,000 freight wagons and 66 freight locomotives for the UK market. It has also undertaken major refurbishment and reliability enhancing work across its ex British Rail fleet. A total investment in the UK rail industry of circa £2.7bn.
The company also invested over £100m in rolling stock for European markets for a 3 year period from 2001 but sold the business in 2004 as part of a strategic realignment of its then parent Abbey National Treasury Services.
Over the next 10 years a high level of investment is needed in new rolling stock for the UK rail industry with major projects such as Thameslink, Crossrail and a potential new high speed line. There is also a need to invest in modifying and life extending large numbers of existing stock which offer substantial value for money benefits at a time that cost savings will be high on the agenda.
With a broad and diverse rolling stock portfolio and a business strategy that has been developed over time and which has proved to be successful, Porterbrook is well positioned to build on its place as a leading player in the rail industry.