Federal Freight Company, one of the biggest players on the rolling stock market, performed its activities in 2015 in accordance with the goals and objectives specified in the Development Strategy of Federal Freight Company and the Long-term Development Programme of the Russian Railways Group, which aim to preserve leading positions on the market for operator services, renovate the railcar fleet, increase the share of rolling stock in the fleet and enhance technological leadership in the management of the railcar fleet.
Federal Freight Company increased its share in freight shipments 0.7 p.p. to 12.4% of the overall transportation volume on the railway network in 2015. Its share of the network freight turnover market totalled 14.2% of the overall network and 11.3% of the overall freight car fleet.
Federal Freight Company shipped 165.5 mln tonnes of freight in 2015 (up 2% from 2014), or 2.6 mln railcar shipments. The biggest growth was seen in the segment of shipments in gondola cars owned by Federal Freight Company: 151.1 mln tonnes were shipped in 2015 (5.5 mln tonnes more than in 2014).
However, the negative macroeconomic environment and market deterioration, specifically a lack of freight base combined with a significant surplus of rolling stock, and the resulting decline in the average market yield of shipments due to increased competition among operators, led to a decrease in the company’s income and a negative financial result.
For more on the performance results of Federal Freight Company, see the company’s website