Russian Railroads Co. expects a 19% reduction in cargo traffic

Russian Railroads Co. expects a 19% reduction in cargo traffic instead of the earlier expected 6%, a source close to the company said. RRC is reconsidering the 2009 plan, with a 19% drop in cargo traffic. As a result, the company will revise its investment program and business plan”, he noted. In November, the Russian government approved RRC’s 2009 investment program and business plan which provide for a 6% decline in cargo traffic and revenue is expected to drop by RUB 5 bn.