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New joint company for freight services between Finland and Russia
21/12/2009
Cross-border freight receives boost as Finland’s leading freight and passenger carrier VR and the Russian Freight One Company PGK set up a joint freight services company.
The new joint freight services company will be called Freight One Scandinavia Oy and will be registered in Finland. It will provide single wagon and full train export, import and transit transport services between Finland and Russia for freight customers, further boosting the connections between the two countries.
“Our clients have wished for more comprehensive solutions for rail carryings. Our goal is to provide the client’s entire transport chain and to get more carryings moving from and through Finland to Russia and in the opposite direction. Working with Freight One Company, we can offer clients a wider range of logistics solutions,” says Erik Söderholm, Senior Vice President, Logistics division at VR Group.
“Our objective in setting up the joint company is to increase the volume of export, import and transit carryings conveyed by PGK and VR between Russia and Finland. The new company will sell and market rail freight services and provide one-stop services,” says PGK General Director Salman Babayev.
Freight One Company, PGK, is a one hundred per cent owned subsidiary of Russian Railways RZD that provides freight transport services with its own fleet of wagons. The company was established in July 2007 and is Russia’s largest railway operator. From January to June 2009, PGK conveyed 100 million tonnes of freight. The company has more than 200,000 freight wagons of different types, and owns 21 % of all the freight wagons in Russia.
“Our clients have wished for more comprehensive solutions for rail carryings. Our goal is to provide the client’s entire transport chain and to get more carryings moving from and through Finland to Russia and in the opposite direction. Working with Freight One Company, we can offer clients a wider range of logistics solutions,” says Erik Söderholm, Senior Vice President, Logistics division at VR Group.
“Our objective in setting up the joint company is to increase the volume of export, import and transit carryings conveyed by PGK and VR between Russia and Finland. The new company will sell and market rail freight services and provide one-stop services,” says PGK General Director Salman Babayev.
Freight One Company, PGK, is a one hundred per cent owned subsidiary of Russian Railways RZD that provides freight transport services with its own fleet of wagons. The company was established in July 2007 and is Russia’s largest railway operator. From January to June 2009, PGK conveyed 100 million tonnes of freight. The company has more than 200,000 freight wagons of different types, and owns 21 % of all the freight wagons in Russia.
VR Group and PGK each own half of the shares of the new company, which has appointed Maria Kuokkanen as its appointed managing director. VR is Finland’s leading freight and passenger carrier, conveying some 42 million tonnes of rail freight in 2008. Traffic between Finland and Russia accounted for about 40% of this.
Source: VR
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