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Rusian raillways post results Print
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Rusian raillways post results
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 Rusian raillways post results of the first half of 2005. Vladimir Yakunin, the President of Russian Railways public corporation, has held a teleconference to analyse the results of the corporation’s activities in the first half of 2005.
 In particular, he pointed out the following trends:
    
    In the first half of the year, the network average loading has grown 3.8%, the industrial production growth being only 3.4%. This indicates that the corporation provides stable transport support to the national economy demand.
    The largest growth of loading has been achieved at North-Caucasian (+14.2%) and East-Siberian Railroads (11.3%). Well ahead of schedule are also Far East, October, Krasnoyarsk, North, and Sverdlovsk Railroad. Thanks to these Railroads, the entire network has performed its task for freight loading. At the same time, there has been a substantial decline in loading comparing to the last year at South-East (93.9%), Kuibyshev (94.3%), and South Ural Railroads (98.7%). There has been a drastic decline in loading at West-Siberian Railroad, which that makes one fifth of the entire network freight loading.
    
    It is for first time in many years that, due to the change in freight flow configuration, the freight turnover growth is not faster than the loading dynamics but, on the contrary, is far behind. Even taking into account paid empty mileage of private carriages, freight turnover has grown only by 3.3%.
    
    The slow growth of freight turnover negatively affects the corporation’s profit, but even worse effect does have the change of the freight structure by destinations and freight types, in particular the trend of export-import traffic to switch from borderline crossings to ports that may cause the corporation to lose at least 17 billion roubles.
    
    In the first half, the income on traffic was lower than 47% of the yearly planned value. The income is only 9.6% higher than the last year level, while it was expected to grow 15% considering the indexed tariffs and planned growth of traffic. The corporation received 10.5 billion roubles less during the first half of the year than was planned by the Director Board!
    

 
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