Russian rail operator TransContainer JSC in January-July 2014 increased rail container traffic by 2.2% from the same period a year earlier to 717,000 TEUs (701,000), the company said a press release.
For the first six months of 2014, throughput of the Company’s rail container terminal network in Russia amounted to 633,000 TEU, an increase of 2.1% year on year.
The gain was mainly driven by an improvement in domestic, export and transit transportation volumes, partly offset by a 20.3% decline in imports. Weakness of the Russian Rouble against the USD and Euro in the first half of 2014 was a significant driver in reducing import transportation volumes, the company said.
About TransContainer
TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in Russia. It is the market leader in Russia by flatcar fleet size, container transportation by rail and rail-side container terminal throughput. As of 31 December 2013, it operated 26,305 flatcars and 62,367 containers. It owns a network of 46 rail-side container terminals in Russia, 19 rail-side terminals in Kazakhstan (through its joint venture company KedenTransService) and operates one terminal in Slovakia. Company's sales network comprises approximately 140 sales offices across Russia as well as presence in the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder is JSC Russian Railways with 50%+2 shares.
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