OREANDA-NEWS. September 17, 2010. The Russian Railways board of directors approved a set of documents on creating Russian Railways Logistics, as a subsidiary providing logistics services. The main aim in setting up the logistics company is to improve the attractiveness of rail freight services and gain additional revenue from developing an integrated transport and logistics product (a door-to-door service) by uniting the existing services of the Russian Railways holding into a single chain, reported the press-centre of Russian Railways.

The company’s main tasks are to organize and market integrated transport and logistical services for the shipment of various types of cargo (including by other means of transport), raise service standards, improve the attractiveness of rail transport, and increase rail freight volumes. Russian Railways Logistics will provide freight forwarding, warehouse/terminal, and customs/brokerage services, and also manage delivery chains acquired from both domestic and external service providers.

The authorized capital necessary for the functioning of the Logistics Company was set on the basis of demand for investment and working capital in 2011, and totals 125.3 million rubles (around 3.2 million euros).