Throughout the 2010s, Europhoenix purchased a number of Class 37 diesel locomotives, overhauling these and putting them to work for spot-hiring; additional examples were acquired in response to demand from customers such as the Rail Operations Group.

In October 2019, Europhoenix announced plans to refurbish and export up to 20 Class 91 electric locomotives to Eastern Europe for heavy freight operations.

The origins of Europhoenix can be traced to its founder, Glenn Edwards, and Electric Traction Limited, which the company formerly traded as prior to being rebranded.

[2] By the late 2010s, the company was reportedly investigating hybrid technology and cleaner engine designs with the purpose of improving the future operational prospects of its fleet.

Typically, acquisition opportunities have been anticipated from other train operating customers withdrawing rail vehicles in favour of new rolling stock.

[2] In October 2019, Europhoenix announced plans to export up to 20 Class 91 electric locomotives to Eastern Europe for heavy freight operations following their withdrawal from express passenger services on the East Coast Main Line.

It had already acquired two Class 91s for initial trials abroad; it was expected that the company would, in partnership with the German manufacturer Voith, re-gear them to a lower rating to improve their heavy haulage characteristics as well as to permanently connect them together into pairs at the blunt ends.