OREANDA-NEWS. May 18, 2009. In the first four months of this year LDz Cargo Ltd, subsidiary of Latvijas dzelzcels has transported 18.4 million tons of cargo, reported the press-centre of Latvijas dzelzcels.

In this period the amount of import cargos has increased by 3.9%, ie. 16.2 million tons, and export cargos – by 8.4%, ie. 790 thousand tons, compared to 2008.

There has been a considerable increase in transportation of coal, chemicals and oil products. In the first four months of this year volumes of coal carried by rail have increased by 21.5%, ie. 7.02 million tons of this type of cargo. Volumes of chemicals carried by rail in the respective period have grown by 20.8%, ie. 969 thousand tons of cargo.

Oil and oil products keep the largest proportion of all cargos carried by rail – from January 2009 until May 2009 LDz Cargo has carried 7.3 million tons of oil and oil products, which is 2.8% more than in the respective period of 2008.

Considering the dramatic drop in cargo volumes of neighboring railway companies, LDz has got insignificant changes in volumes – there have been transported 1.1% less cargos than in the same period of 2008. Thus LDz Cargo keeps volumes of rail cargos at the same level as in 2008 and takes the leading position in transportation market in the Baltic States.

“Regardless of unfavorable world economic forecast and criticism of tariff policy, volumes of cargos are stable, which indicates that tariff policy of Latvijas dzelzce ls and LDz Cargo was and is correct,” said Guntis Macs, Chairman of the Board of LDz Cargo Ltd.