FESCO Announced Operational Results for 9 Months 2011
OREANDA-NEWS. November 11, 2011. FESCO Transportation Group (RTS/MICEX: FESH/FESHG) reveals its operational results for 9 months of 2011, which continue to demonstrate respectable year-on-year growth across virtually all container-related businesses of the Group, while showing relatively flat or sometimes negative operational performance in other types of cargo.
Volume of international sea container shipping increased by 28.2%, amounting to 282,359 TEUs, compared to 9 months of 2010. Domestic container trade showed a slight decline of 6.9% YoY with the total of 45,830 TEUs. Intermodal volumes demonstrated the impressive growth dynamics of 52.5%, totaling to 52,269 TEUs, supporting the Group’s focused efforts to promote comprehensive, all-in-one container solutions with higher added value.
Reefer services grew by 57.4%, reaching 90,521 TEUs of refrigerated cargo.
Rail container volumes also continued to grow, reaching 185,788 TEUs, or 34.5% up from 9 months 2010.
Railway turnover of industrial goods remained virtually at the level of last year, with 25.9 bln. ton-kilometers, or 0.9% decrease. Total loading of non-container cargo on rail reached 19.24 mln tons, or 5.6% higher than last year.
Break bulk cargo volumes in
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