Rolling Stock Solutions

Rolling Stock Solutions was formed by a team of leaders who once sat in the same seat as you. During our extensive time leading transit and commuter rail agencies in America, we experienced firsthand the frustrations of the growing structural power deficit.

Past the manufactured useful life. 

Approximately 850 diesel-electric locomotives in the U.S. commuter rail fleet have an average age greater than 28 years. Over 500 of those units were built between 1973 and 1999, meaning they’re pre-Tier 0 models and well past their manufactured useful life. More units are going out of commission every year, maintenance costs are skyrocketing and rail service delivery is getting harder to guarantee.

Meanwhile, agencies are working  to add new Tier-4 EPA-certified locomotives to their fleets, but the procurement process can take years, if not a decade. Agencies need options, which is why we created Rolling Stock Solutions.

A Better Way Forward

The Rolling Stock Solution is twofold: on-demand units that are ready right now, not in 10 years, and variable leasing terms that provide you budget flexibility. Through our work with CadRI, we’ve designed and remanufactured F40PH model locomotives that are proven, reliable, cleaner, and quieter than most commuter locomotives on the rails today.

Rolling Stock Solutions is financially and strategically backed by the experienced team at Adelphi Capital.

Founders of Rolling Stock Solutions

Phil Puccia

CEO of Rolling Stock Solutions

Phil was previously Deputy General Manager and Chief of Staff of the Massachusetts Bay Transportation Authority (MBTA), the 4th largest transit operation in the US. He brings experience in transformational change, as well as a unique understanding of public policy and its impact on business. This drove Phil to develop and lead the team at Rolling Stock Solutions.

Tom Donohue

Chairman and Lead Investor

Tom is the Founder of Adelphi Capital, which partnered to launch Rolling Stock Solutions in 2022. He brings decades of experience in launching and investing in and leading businesses in the transportation leasing and finance industries, such as trailer leasing, freight bill factoring, and equipment financing.

The Rolling Stock Solutions Team

Sean Kehoe

Chief Mechanical Officer

Sean was previously the Mechanical Technical Director for Keolis Commuter Services in Boston and has held senior positions in the US and Europe working in passenger rail operations and maintenance. He brings 20 years of experience directing traction and rolling stock repair, maintenance, and overhauls coupled with a unique understanding of equipment leasing and life cycle maintenance. This drives Sean to ensure our rebuild partners deliver safe, clean, reliable locomotives to meet needs of the commuter rail agencies we support.

Artura Subowo

Technical Officer and Project Engineer

Artura is a recent Graduate from Newcastle with a MSc in Marine Transport Management after doing a bachelor’s degree in Marine Engineering. He was previously a Project Engineer for Tricertus Inc, Contracted by TESLA to oversee the primary and sub-contractors at their Battery Marriage assembly line and prior to that worked as a research associate at Bramadi Capital. Having experience in both research and engineering, Artura supports Rolling Stock Solutions with their project management and business development.

Our Strategic Partners and Advisors

Alternate Concepts, Inc.

Alternate Concepts, Inc. (ACI) has been a strategic partner of Rolling Stock Solutions since our early inception. ACI, a full-service operator of heavy rail, light rail, intercity and commuter rail, and bus transit services throughout the United States and Puerto Rico, provided invaluable strategic, operating and technical support throughout the development and launch of RSS. We are proud that they are now an investor and shareholder in RSS and continue to provide technical and strategic advice and support.

Headquartered in Boston, Massachusetts, ACI helps move over 122,000 trains annually. ACI is led by Jim O’Leary, CEO and Founder and supported by Mike Mulhern, Chief Operating Officer of ACI. Both Mr. O’Leary and Mr. Mulhern previously served as General Managers of the MBTA.

Adelphi Capital

Adelphi Capital is a private equity platform focused on leading or co-sponsoring investments in several industry verticals, including transportation, infrastructure, government services, and cybersecurity. The firm has a deep background in transportation leasing and finance, having sponsored or co-sponsored ten equipment leasing and transportation finance investments, including five active platform companies. Adelphi currently co-sponsors two equipment leasing platforms which together deploy approximately 150,000 intermodal chassis and commercial trailer units on lease to customers in the United States. The firm has sponsored the de novo launch of three freight-bill factoring companies and sponsored growth stage investments in two equipment finance providers where, collectively, these firms have financed more than $3 billion of freight receivables and $1 billion of equipment leases and loans during Adelphi’s ownership.

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