Freight Profits for Russia

The leading rail freight operator in Russia, TransContainer, announced its latest results two weeks ago, with the news that its first half net profits increased by 610%.

This  was attributed to increased freight container volumes, growth in the domestic terminal throughput and “a favourable pricing environment”. Rail container volumes increased by 18.3% to 654,000teu.

Russian Railways raised nearly $400 million of finance last November; 35% of TransContainer was sold through an initial public offering on the London and Moscow stock exchanges.