Fesco Transportation Group’s profit soared 30 percent in the fourth quarter of 2014, but the weak ruble and lower rail freight rates dragged down the full-year result.
16 Mar 2015
Global Ports, Russia’s largest container terminal operator, sank into the red in 2014 as the slumping ruble reduced imports and increased financing costs.
06 Feb 2015
HHLA’s operating profit jumped 10 percent in 2014 as the largest container handler in the port of Hamburg shrugged off lower Russian feeder shipments and a slump in traffic at its Ukraine terminal that left total volume unchanged from the previous year.
20 Jan 2015
Russia’s potential as an emerging logistics market was downgraded by 66 percent of respondents in the sixth annual Agility Emerging Markets Survey that was released Monday, with an additional 10 percent of the logistics professionals surveyed believing the market has lost all potential.
30 Dec 2014
Western ocean carriers, port operators and freight forwarders are bracing for a slump in Russia’s freight traffic as the nation heads for recession and double-digit inflation in 2015.
26 Dec 2014
After a year of surging sales of foodstuffs to Russia owing to economic sanctions imposed by the U.S. and European Union and retaliatory actions by Russia, Brazil is now possibly the largest supplier of food to Russia, according to the SovEcon consultancy.
08 Dec 2014
Russian has tapped Vladivostok as the country’s first “free” port, in an attempt to boost the Russian economy besieged by lower oil prices and sanctions from Western countries.
02 Dec 2014
Fesco, the Russian transport group, posted higher revenue and earnings in the third quarter as double digit growth in rail and port traffic, and deep sea container volumes offset the negative impact of a weaker rouble.
01 Dec 2014
Eurasian Economic Union and Mercosur officials met last week to see how members could strengthen trade relations and increase the movement of goods between trade blocs.
30 Nov 2014
The launching of China-Europe rail services on the southern route via Kazakhstan has been hogging the headlines recently, but moves are underway to further develop the northern link through Russia.
17 Nov 2014
The operator of a fixed-day weekly container train recently launched between the Russian Far East and Moscow, which has handled just 1,800 TEUs to date, says heavy demand is leading it to consider doubling capacity with a second service.