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2008 November 18   07:35

Freight One cuts cargo transportation by 4.5% to 12.5 mln t in Oct 08

In January-October 2008, JSC Freight One carried 78.6 million tonnes of cargo, the company states.

In the reported period, the company carried 24.9 million tonnes of coal, 25.2 million tonnes of oil cargo; 12.5 million tonnes of cement; 4.9 million tonnes of construction cargoes; 6.6 million tonnes of ore; 1.2 million tonnes of ferrous metal and over 3.1 million tonnes of other cargo.

However, against general decrease of transportation caused by the global financial crisis the volume of cargo transported by Freight One in October 2008 fell by 4.5%, year-on-year, to 12.5 million tonnes.

JSC Freight One is Russia’s largest rail transport operator. The main founder and owner of Freight One ordinary shares is JSC Russian Railways (RZD). The non-commercial organization Zheldorreform as a co-founder owns one ordinary share in the company.

Freight One was created in July 2007 and independently began to manage the carriage stock in November of the same year. Currently Freight One owns more than 200,000 units of rolling stock of various types (75,000 tanks, 47,000 gondolas, 15,000 platforms, 14,300 box cars and about 49,000 other cars). The company’s share of all rolling stock in the Russian Federation is 21%

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