In Q1 2015, JSC Freight One (Freight One) transported over 2 mln tons in boxcars, up 6% YoY. Cargo turnover in the segment increased 6% to 5.14 bln tkm. Freight One's share in the total boxcar volume on the Russian Railways network grew from 22% to 24%.
Freight One, the largest rail freight operator in Russia, and NLMK Group (LSE: NLMK), the largest steelmaker in Russia and one of the most efficient in the world, are to launch a pilot project for outsourcing the internal logistics at NLMK Long Products Division in the Urals region.
Over the New Year holidays of January 1-11, 2015 Joint Stock Company Freight One increased the volume of freight transportation in boxcars on the Russian railways network to 131 thousand tonnes, up 16% year-on-year. Freight turnover in this segment increased 30% and amounted to 25 million tonnes/km.
UCL Rail B.V. transportation group, holding a leading position in the Russian freight rail market (hereinafter - UCL Rail or the Group) announces that Fitch Ratings (hereinafter - Fitch or the Agency) has affirmed UCL Rail long-term credit rating at 'BB+'.
UCL Rail B.V. transportation group, holding a leading position in the Russian freight rail market (hereinafter - UCL Rail or the Group), announces that it has sent withdrawal notifications to Moody's Investors Service and Standard & Poor's Rating Services in order to reduce the number of credit ratings maintained simultaneously.
Fitch Ratings and Moody's Investors Service (MIS) affirmed long-term credit ratings of UCL Rail B.V. at "BB+" and "Ba1", respectively.