This review paper highlights feasible and practicable approaches for managing end-of-life rolling stocks. It aims to promote and enable sustainable procurement policy for rolling stocks. Firstly, it demonstrates that modern rolling stocks can potentially gain the environmental benefits since almost all of their materials used in the rolling stock manufacturing can be recycled and reused. In this study, brief definition and concept of various train types are introduced and discussed, accompanied by some demonstrative illustrations. Then, component analyses, recovery rates and percent proportion of each material in various rolling stock assemblies have been evaluated. The estimation of material quantities that can potentially be recycled has been carried out using industry data sources. The suitable management procedures for end-of-life rail vehicles are then discussed, together with the life cycle of the key materials in which the recyclability criteria take into account the environmental risks and the best and safest approaches to deal with them. The aim of this study is to increase the awareness of the public, train manufacturers and rail industries on the benefits to the environments from rolling stock recycling, which could result in sustainable society and urban livings.