Freight One Announces January-April 2011 Results
OREANDA-NEWS. May 17, 2011. Freight One increased its traffic volume in January-April 2011 by 14.7 % to more than 97.2 million metric tons over the same period of 2010. This figure includes 38.6 million metric tons of coal (+29.1%), 23.2 million metric tons of oil (-8.9%), 8.4 million metric tons of non-ferrous and iron ore (+10.8%), 6.5 million metric tons of construction materials (+59.5%), 3.5 million metric tons of cement (+8.8%), 7.2 million metric tons of ferrous metals (+21.5%), 1.9 million metric tons of chemical and mineral fertilizers (+9.1%) and 1.4 million metric tons of coke (13.7%).
The increase in traffic is a consequence of the company’s balanced rate policy. The company’s rates are on average 5% lower than the total cost of hauling in state-owned cars (based on Rate List 10—01 + the fee for using cars during the periods of loading and unloading). The company accounted for 21.8% of the total rail freight traffic in Russia in January-April 2011.
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