South Caucasus Railway summarizes results of June’s activity

South Caucasus Railway summarizes results of June’s activity

YEREVAN, July 7. / ARKA /. On Monday, Sergey Valko, acting CEO of South Caucasus Railway CJSC, summarizing the results of the company’s June activity at a teleconference, said the decline that started yet in the beginning of this year and continued also in June has prevented the company from ending the 1st H 2014 with positive indicators, the company’s press office reports.   

In particular, freight traffic fell 2.8% in June. Instead, the railway’s other indicators have been improved – inactivity of cars was reduced by 35% in June 2014, compared with the same month a year before, to 2.7 hours and inactivity of one car at one cargo operation shrank 3.5 hours to 24.5 hours. 

One locomotive’s average production and average mileage grew 2% and 1.8% respectively.    

Valko stressed the necessity of balancing the company’s revenue and spending along with fulfilling the traffic schedule, enhancing trains’ safety and attracting new volumes of cargoes.   

South Caucasus Railway, a subsidiary of Russian Railways, runs Armenian Railway, which was handed over to the South Caucasus Railway on February 13, 2008 for 30-year concession management with a right to prolong the management term for other ten years. ---0---

18:09 07.07.2014

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