South Caucasus Railways post 8.4 percent rise in cargo freight
21.10.2011,
22:37
The Russian-owned South Caucasus Railways company, operating Armenia’s railroads, said today it transported 2.370.1 million metric tons of cargo in the first nine months of 2011, by 8.3% more than in the same time span in 2010.
YEREVAN, October 21 / ARKA /. The Russian-owned South Caucasus Railways company, operating Armenia’s railroads, said today it transported 2.370.1 million metric tons of cargo in the first nine months of 2011, by 8.3% more than in the same time span in 2010. According to a company’s press release, sent to ARKA, the actual volume of railroading was 8.6% higher than projected for January-September.
The company said it transported outside the country 326,800 metric tons of goods, a 33.9% year-on-year rise and brought to the country 992.800 tons of cargo, by 5.8% less from a year earlier. The volume of domestically transported cargo grew by 18.3% to 1.050 million tons.
"The South Caucasus Railways is gradually increasing its performance indicators, including the volume of freight. These results were due to introduction of a flexible tariff policy aimed at reducing transport costs," the press release says. -0-
The company said it transported outside the country 326,800 metric tons of goods, a 33.9% year-on-year rise and brought to the country 992.800 tons of cargo, by 5.8% less from a year earlier. The volume of domestically transported cargo grew by 18.3% to 1.050 million tons.
"The South Caucasus Railways is gradually increasing its performance indicators, including the volume of freight. These results were due to introduction of a flexible tariff policy aimed at reducing transport costs," the press release says. -0-
