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Freight One rail operator to open subsidiary in Kazakhstan

The Board of Directors of Joint Stock Company Freight One has approved the decision to open a subsidiary in the Republic of Kazakhstan. Regional diversification of the Company’s activity is part of a long-term strategy allowing us to improve the quality of services to clients in Russia and Central Asia.

“Equal and active participation in the development of the promising railway market of Kazakhstan will significantly strengthen Freight One’s position in the region, improving the quality and quantity of services to our clients”,  said Oleg Bukin, CEO of Freight One, commenting on the resolution of the Company’s Board of Directors.

Earlier, in July 2013, Oleg Bukin and Askar Mamin, President of JSC National Company Kazakhstan Temir Zholy (NC KTZ), signed a memorandum on strategic partnership and also agreed on cooperation in transport and logistics business development in the Republic.

Freight One  was founded in July 2007, and in November the same year began to manage its railcar fleet. By December 2007 the first branches of Freight One were launched in Yekaterinburg, Nizhny Novgorod, Irkutsk, Novosibirsk and Rostov-on-Don, and by the spring of 2008 the branch network was fully developed. The structure of Freight One includes 14 branches offering client service covering the railway network in all regions of Russia. In Ukraine and Finland the interests of the Company are represented by Freight One in Ukraine and Freight One Scandinavia.

Freight One offers a full range of freight transportation services. Over 80% of our clients are leading industrial enterprises of the country. 3,800 employees ensure its efficient operation. In 2012 the total capacity of Freight One’s transportation was more than 194.8 million tons. The Company’s market share in freight transportation volume of Russia exceeds 14%.

Freight One is a subsidiary of UCL Rail, the railway division of Universal Cargo Logistics Holding (UCL Holding), an international transport group. The Group unites several major railway operators with the branch network across Russia, stevedoring companies in North-Western and Southern Russia, as well as the Volga, the North-Western and the Western shipping companies, and a number of other shipping and logistics assets.

The structure of UCL Rail includes LLC Independent Transport Company (NTK, holds 100% of JSC Freight One shares), LLC NTK-Wagon, as well as Gryazi railcar repair depot, a joint venture with JSC Russian Railways. The property of UCL Rail includes over 210 thousand freight cars, including about 112 thousand gondola cars and over 55 thousand tank cars.

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