TransContainer’s transportation volumes in Q1’2019 increased by 7.7% Y-o-Y to 492,000 TEUs
Container transportation volumes controlled by TransContainer increased in the reporting quarter by 7.7% year-on-year to 492 thousand TEU, mainly due to the growth on import and transit routes, up 17.4% and 13.4%, respectively, TransContainer says in a press release.
Container volumes transported by the Company's flatcar fleet in the first quarter of 2019 grew by 12.7% year-on-year to 467 thousand TEU from 414 thousand TEU a year earlier, in line with an increased fleet capacity. Container volumes transported by the Company's assets in the first quarter of 2019 increased by 10.6% year-on-year to 481 thousand TEU from 435 thousand TEU in a corresponding quarter of 2018.
Starting from this reporting quarter, the Company considers a combination of container volumes transported by its own flatcars and those by third party flatcars, which run under the Company’s management, as the main indicator for determining the Company’s transportation volume and the Company’s market share. This indicator is therefore referred to as “the transportation volumes controlled by the Company”. In addition to the transportation by the Company’s assets (containers and/or flatcars), the new indicator includes transportation volumes of third party containers on third party flatcars, which run under the Company’s management (TransContainer acts as an agent of the flatcar owner). This change reflects the Company’s strategic objective to move towards optimising its asset structure and being a logistics company as well as a rail fleet operator.
PJSC TransContainer is the leading intermodal container transportation company in Russia with a market share of approximately 42%. It is the market leader in Russia by flatcar fleet size, container transportation by rail and rail-side container terminal throughput. As at 31 December 2018, it owned and leased 26,457 flatcars and 70,478 ISO containers. TransContainer and its subsidiaries own a network of rail-side container terminals, located at 40 railway stations across Russia. The Company’s joint ventures also operate one terminal in Slovakia, two terminals in Russia and 19 inland rail-side terminals in Kazakhstan. The Company's sales network comprises of 95 sales outlets in Russia, along with additional outlets across the CIS, Europe and Asia. TransContainer is listed on the Moscow Exchange and London Stock Exchange. The Company's major shareholder with 50% +2 shares is United Transportation and Logistics Company, established by Russian Railways, Belorussian Railway and Kazakhstan Temir Zholy.