Business news from Ukraine

UKRZALIZNYTSIA REPAIRS ALMOST 12,000 FREIGHT CARS

JSC Ukrzaliznytsia in January-November 2020 updated 11,903 freight cars, most of all high-sided cars were repaired – 5,953 units.
According to the press service of the company, 773 platforms, 479 covered wagons, 563 tanks, 1,066 grain carriers, 411 cement carriers, 468 hopper dispensers were also repaired during this period.
As reported, Ukrzaliznytsia in 2021 plans to allocate 3 times more funds compared to 2020 for renovation, overhaul, modernization of rolling stock and infrastructure construction.

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UKRZALIZNYTSIA INTRODUCES SYSTEM OF OPERATIONAL CONTROL OVER PROCESSING CUSTOMERS’ REQUESTS FOR CARGO TRANSPORTATION

In order to minimize corruption risks, Ukrzaliznytsia is introducing a system of operational control over the provision of customers’ requests for cargo transportation.
As the company reported on its website on Wednesday, the system is aimed, in particular, at eliminating the possibility of non-receipt or delay in the delivery of freight wagons, as well as eradicating corruption in the freight wagons distribution.
“At the first stage of the system implementation, we already carry out daily operational monitoring of applications for the delivery of freight wagons, consider all problem cases and correct the situation in order to fully meet the needs of customers and timely delivery of freight wagons. After all, each well-developed application is, in the end, the company’s income and its further development,” the Ukrzaliznytsia’s press service said.
According to Ukrzaliznytsia, operational control, monitoring the situation and quick response will significantly improve the quality of rail cargo transportation and strengthen cooperation with market participants.

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UKRZALIZNYTSIA TO INCREASE CAPITAL INVESTMENTS TO UAH 27.2 BLN

JSC Ukrzaliznytsia in 2021 plans to allocate almost three times more funds for renovation, overhaul, modernization of rolling stock and construction of infrastructure compared to 2020.
According to the press service of the company, the capital investment of the enterprise in 2021 should amount to UAH 27.2 billion (UAH 9.7 billion in 2020). At the same time, 55% of this amount is Ukrzaliznytsia’s own funds, 31% are investors’ funds, 14% is planned to be received from the state budget.
Ukrzaliznytsia counts on state support in implementing these plans. Since investments in the renewal of infrastructure must be comprehensive and systemic, so that in the future they return to the state budget in the form of profit, it added.
As reported, Ukrzaliznytsia intends to increase capital investments to UAH 41 billion in 2023.
In 2019, Ukrzaliznytsia increased its net profit by 14.7 times, to UAH 2.988 billion (UAH 203.85 million in 2018). EBITDA increased by 6% compared to the previous year, to UAH 17.3 billion.

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UKRZALIZNYTSIA PLANS TO INCREASE REVENUE FROM FREIGHT TRAFFIC BY 8% IN Q4

Ukrzaliznytsia plans to receive UAH 17.6 billion in revenue from freight traffic in October-December 2020, which is 7.98% more than in the previous quarter.
This is a record quarterly indicator of financial receipts this year from the main business of the company, Ukrzaliznytsia said.
So, in the first quarter of this year, Ukrzaliznytsia’s income from freight traffic amounted to UAH 16.6 billion, in the second – UAH 14.6 billion, and in the third – UAH 16.3 billion.
“Ukrzaliznytsia will be able to achieve a record level of income in the fourth quarter due to increased efficiency of the company’s operating activities, liquidation of the locomotive shortage, improved dispatching and fruitful cooperation with all participants in the transportation process,” the message says.
The company also clarified that in September 2020, the company’s income from domestic freight rail transportation increased by 6% compared to the same period in 2019 – up to UAH 2.1 billion, and in October – by 3.2% against October 2019 and amounted to UAH 2.2 billion.

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UKRZALIZNYTSIA INCREASES CARGO TRANSPORTATION IN NOV

JSC Ukrzaliznytsia for 29 days of November 2020 increased the volume of cargo transportation by Ukrainian railways in all routes compared to the same period last year by 7%, to 27 million tonnes.
According to the company’s website, in domestic traffic, the volume of cargo transportation by rail amounted to 13 million tonnes, which is 21% more than in November 2019.
According to the company, the average daily loading in November amounted to 788,500 tonnes, which is almost 8% more than in November 2019. On average, 12,100 cars were loaded on the railway per day, which is almost 7% more than last year.
For 29 days of November 2020, Ukrzaliznytsia accelerated the turnover of a freight car by 32.7%, to 7.76 days. The average daily sectional speed of a freight train increased by more than 5% and amounted to 35.3 km/h.
During 29 days of November, Ukrzaliznytsia also improved the operating performance of its locomotive fleet: the average daily run of a locomotive increased by 5.1%, to 451 km, and the average daily performance of a locomotive improved by 4.3% compared to last year, to 1.201 million tonne-kilometers gross.
The company noted that such indicators were achieved, first of all, due to improved dispatching, liquidation of the shortage of locomotives and transparent playing conditions in the transportation market.
“There is no longer a situation when someone at the station decides whether this or that cargo will go or not. Now all shippers are in equal conditions. Today we transport 100% of the declared cargo and there are plans only to increase the rate and volume of traffic,” the report says.
As reported, next year Ukrzaliznytsia plans to increase the share of its own cars on the market to 35-40%.

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UKRZALIZNYTSIA LAUNCHES HIGH-SPEED TRAIN KYIV-SLAVSKE

JSC Ukrzaliznytsia will launch the high-speed train Intercity + No. 745/746 Kyiv-Slavske (Lviv region) from December 15.
According to the press service of Ukrzaliznytsia on Tuesday, November 24, the high-speed train Hyundai Rotem will run on this route. Train No. 745 will depart from Kyiv-Pasazhyrsky station at 05.59 and arrive in Slavske at 13.16.
In the opposite direction from Slavske, train No. 746 will depart at 16.20 and arrive at Kyiv-Pasazhyrsky station at 23.57.
On the way, the train will stop at the following stations: Korosten, Pidzamche, Lviv and Stryi.
Tickets can be purchased at railway ticket offices or online.