Operation of rolling stock, or freight rail transportation, is the Group’s core service offering. As of the end of 2009, a total of 31,210 units of rolling stock, or 84% of the Group’s total fleet, were engaged in freight rail transportation. In 2009 the Group had a total freight rail turnover of 80.9 billion tonnes-km and transported 52.8 million tonnes of freight. For the breakdown of Globaltrans' freight rail turnover by the type of cargo, please click here.
As an owner and lessee of rolling stock, the Group sells freight transportation services to its clients on an unregulated basis, though in certain sectors, depending on the degree of dominance of Russian Railways in the sector, the regulated tariff serves as a benchmark for private operators. Key clients of Globaltrans include companies from a number of large Russian blue-chip industrial groups and companies active in the oil, metals, mining, coal and other sectors of the Russian economy, including TNK-BP, MMK, Evraz, Lukoil, Gazpromneft, Rosneft, Severstal, Ural steel, RITEK and Mechel.
Globaltrans' market share of overall volume of freight transported in Russia by rail in 2009 amounted to 4.8%. For detailed information, please click here.
The majority of the Group’s operating rolling stock is gondola (open top) cars and rail tank cars, accounting for approximately 48% and 51% of the Group’s total fleet, respectively, as as of the end of 2009.
The Group’s extensive transportation network covers major industrial regions in Russia and part of Ukraine.
To learn more on freight rail transportation business of Globaltrans, please click here.
The second major service offered by Globaltrans is railcar leasing. In 2008 the Group significantly expanded its leasing business through the acquisition of stakes in the leasing companies AS Spacecom and AS Intopex Trans, the combined fleet of which amounted to 4,152 rail tank cars and 8 locomotives along with 128 rail tank cars leased-in under operating leases.
Significant expansion of the leasing business enabled the Group to complement its freight rail transportation services with the more stable railcar leasing business in the challenging economic environment experienced recently. Furthermore, railcar leasing provides stable, mostly US Dollar-denominated cash flows, which allows the Group to improve the balance of its currency exposure. As of the end of 2009 the Group’s fleet engaged in leasing business amounted to 6,007 units or 16% of the Group’s total fleet.
The Group leases out its rolling stock to the transportation markets in Russia, the CIS countries and the Baltics. The Group’s key leasing business clients include, among others, PetroKazakhstan Kumkol Resources (Kazakhstan) and CNPC-Aktobemunaigaz (Kazakhstan).
Ancillary services
Globaltrans also offers ancillary services, including freight forwarding and other services.
Globaltrans also engaged in rolling stock repair and maintenance business through its subsidiary BaltTransServis (LLC) which owns repair and maintenance depot in Ivanovo (Russia).
