A train operating company (TOC) is a business operating passenger trains on the railway system of Great Britain under the collective National Rail brand. TOCs have existed since the privatisation of the network under the Railways Act 1993.
There are two types of TOC: most hold franchises let by the government, following bids from various companies, to operate services on certain routes for a specified duration, while a small number of "open-access" operators hold licences to provide supplementary services on chosen routes. These operators can run services for the duration of the licence validity. The franchised operators have changed considerably since privatisation: previous franchises have been divided, merged, re-let to new operators, or renamed.
The term is also sometimes used to describe companies operating passenger or freight rail services over tracks that are owned by another company or a national network owner.
Read more about Train Operating Company: Management, Organisation, Changes, Current TOCs, Railtours, Sea Links, International Operators
Famous quotes containing the words train, operating and/or company:
“Anyone who has a child today should train him to be either a physicist or a ballet dancer. Then he’ll escape.”
—W.H. (Wystan Hugh)
“Go on then in doing with your pen what in other times was done with the sword; shew that reformation is more practicable by operating on the mind than on the body of man.”
—Thomas Jefferson (1743–1826)
“Some fluctuating notions concerning repentance, virtue, honor, morality ... hovered around Lady Dellwyn’s thoughts but were too wavering to bring her to any fixed determination. She became a constant attendant from one public place to another, where she met with many mortifications. But yet even these were not quite so dreadful to her as to retire and be subjected to her own company alone.”
—Sarah Fielding (1710–1768)