Freight One

Freight One
Founded 2010
Headquarters Moscow, Russia
Revenue $1.22 billion[1] (2016)
$537 million[2] (2017)
$36 million[1] (2016)
Total assets $2.33 billion[3] (2017)
Total equity $1.39 billion[3] (2017)
Owner UCL Rail B.V. (99.9%)[4]
Website pgkweb.ru
Russian Railways, Gondola (rail) by «Uralvagonzavod»

The Freight One (Russian: Первая грузовая компания) is a railway business formed in Russia during reforms by Russian Railways.[5] Freight One owns over 200,000 units of rolling stock of different types, 21% of the total fleet in Russia, and it shipped over 100 million tons of freight in 2008[6] it is Russia's largest rail transport operator.

Freight One has implemented simplified tariffs and standardised freight contracts.[7] A joint venture was planned with VR to handle rail freight between Russia and Finland; further expansion is planned in Europe.[8]

Freight One recently pioneered a new system that microwaves tank wagons to help extract heavy oil residues.[9]

In August 2012, Freight One sold 10,000 tank wagons to Transoil.[10]

In August 2011, Russian Railways announced plans to auction approximately 75% of shares in Freight One.[11] It began divesting of Freight One in 2011, selling a 75% stake in the company to UCLH (the transport group controlled by Vladimir Lisin, one of Russia's richest people)[12] which bid 50bn roubles for the remaining 25% in October 2012.[13]

References

  1. 1 2 http://www.e-disclosure.ru/portal/FileLoad.ashx?Fileid=1332475.
  2. ↑ http://pgkweb.ru/upload/iblock/cdd/godovoy-otchet-ao-pgk-za-2017-god.pdf.
  3. 1 2 http://pgkweb.ru/upload/iblock/870/konsolidirovannaya-finansovaya-otchetnost-za-2017-god-_-auditorskoe-zaklyuchenie.pdf.
  4. ↑ "Аффилированные Лица". E-disclosure.ru. Retrieved 5 October 2018.
  5. ↑ "Russia's rail monopoly approves documents on $5 bln freight firm". Retrieved 2010-09-10.
  6. ↑ "News – Russian Railways". 2010-09-10. Retrieved 2010-09-11.
  7. ↑ "Advantageous Tariff — Comment — RZD-Partner Portal". Retrieved 2010-09-10.
  8. ↑ "Russian and Finnish Railways Approve Freight Combine - Latest industry shipping news from the Handy Shipping Guide". Retrieved 2010-09-11.
  9. ↑ "Railway Gazette: Microwaving a wagon". Retrieved 2010-10-16.
  10. ↑ "World rolling stock market September 2012 - Railway Gazette". Railway Gazette International. Retrieved 24 September 2012.
  11. ↑ "Railway Gazette: Russian Railways to sell Freight One stake". Railway Gazette International. 2011-08-02. Retrieved 2011-08-02.
  12. ↑ "FT: Russian rail freight: meet the new boss". Retrieved 2012-09-30.
  13. ↑ "Independent Transport Company selected for Freight One privatisation - Railway Gazette". Railway Gazette International. Retrieved 19 October 2012.
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