TransContainer, Russia’s leading container transportation company, has announced its preliminary operating results for the first quarter of 2012.
The company’s rail container transportation volumes for the first quarter of 2012 increased by 10.7% to 347,000 twenty-foot equivalent units (TEU) compared to 313,000 for the same period of 2011.
This was ‘mainly due to an increase in export and transit transportation’ which grew by 17.4% and 4 times respectively, while import transportation volumes decreased by 8.4%.
A decrease in import transportation, which is the most competitive segment of the market, was mainly driven by the company’s 6% price hike undertaken in December 2011 to boost its financial results, TransContainer said.
The company’s revenue-generating container transportation volumes grew by 12.5% to 260,000 in the first quarter of 2012 from 231,000 in the first quarter of 2011.
TransContainer’s estimated share in Russia’s rail container transportation decreased to 50% in Q1 2012 as compared to the full year 2011 estimate of 51%.
Throughput of the company’s rail container terminal network in Russia in the first quarter of 2012 dropped by 9.1% to 335,000 compared to 368,000 for the same period in 2011.
This decrease is ‘mainly due to continuing fade out of medium-duty containers’ – MDC handling volumes dropped by 41.6% from 63,000 to 37,000.
