Rail Garant News

Rail Garant Group of Companies announced financial results for the 1st quarter of this year. The RAS revenues amounted to RUR 2.8 billion, which is 2 times higher compared with the same period of the last year.

This significant increase in revenue was the result of the Group’s active rolling stock fleet build-up, traffic volumes increase, costs and empty mileage reduction.

This is a good indicator, especially considering the relatively young age of the Group (the consolidation of assets began two years ago). During this time the Group managed to become one of the leading operators of railway rolling stock: the Rail Garant fleet is about 20 thousand cars, traffic volume reaches 20 million tons a year, the number of branches and representative offices of the Group’s companies in Russia rose to 15. This year, Rail Garant won a tender for the development of a new container terminal at the port of Muuga.

The plans of the Group until 2013 among others are to develop a network of 10 container sites in Russia, as well as to build their own container depot for cleaning, degassing, repair and scheduled inspection of tank containers.