News / TransContainer profits soar as rumours grow of an MSC investment

Russian intermodal operator TransContainer today posted year-to-date profits that were up almost 100% on 2016.

The news came amid rumours of an MSC investment in the Russian Railways-controlled unit, which is also partially listed on the London Stock Exchange’s Alternative Investment Market.

Nine-month revenues increased 30.7%, year-on-year to Rb48.2bn ($826m), largely propelled by growth in imports to 237,500 teu and transit volumes to 89,400 teu, up 40.4% and 79.9%, respectively.

Volumes for the nine months to September hit 1.3m teu, with domestic liftings recording ...