Russian Rail cuts cargo target as economic growth slows

default_image

© Khunaspix Dreamstime.

By Alex Lennane

08/05/2013

Rail might be an increasingly popular option in the US, as well as parts of Asia and Europe – but in Russia, where it carries about 85% of non-pipeline freight, it’s seeing a downturn. OAO Russian Railways has cut its 2013 forecast as exports have fallen, and the country may fall into recession.

Read more...

Topics

Most read news

What will Trump's win mean for the logistics industry?

No end to chaos in sight for shippers as Canada's port rows escalate

Canadian forwarders 'extremely frustrated' by lack of action to end port strikes

Ripples from standstill at strike-bound Canadian ports could spread inland

Cargo operations at Brazil's Guarulhos Airport on brink of collapse

Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

Disruptions at Canadian ports see rail operations hit the buffers

Carriers drop calls at Hamburg after congestion builds at CTA

Box shipping's resilience will be tested after September drop in volumes

Port of Valencia slowly gets back to work after floods from rainstorms

CMA CGM to resume Suez transits on India-US east coast service

Red Sea crisis provides a bonus for Chinese container manufacturers

Cross-border ecommerce continues to dominate air cargo markets

US port operators brace for tariff blitz if Trump gets second term

DHL lowers profit expectations after weaker-than-expected Q3

Houthis earn $2bn a year from Red Sea protection racket