Home / Business Intelligence / Latvian Railways and Russia’s Freight One sign cooperation agreement

Latvian Railways and Russia’s Freight One sign cooperation agreement

Latvian Railways and Russia's Freight One sign cooperation agreementLatvian Railways (LDz) and Russia’s largest private railway freight operator Freight One signed in Moscow a memorandum of understanding on cooperation in transport and logistics.

The document provides for cooperation between the parties on enhancing the quality of the transportation process, on a more efficient use of Freight One’s rolling stock fleet, including by reducing the  transportation of empty containers, and on the implementation of a customer-oriented policy on railway transport.

The two railway companies plan to introduce new technologies in the operation and management of wagons loading in order to increase the volume of traffic.

“The signing of the memorandum with our Latvian partners will allow us to manage more efficiently the legal, technological and financial issues of international rail freight transport. This move will strengthen Freight One‘s position in the Baltic region and help increase transport volemes, as well as improve the quality of services provided to freight shippers in Russia, other CIS countries and European states,” said Alexander Sapronov, Freight One CEO.

Freight One is a member of the international transport group Universal Cargo Logistics Holding (UCL Holding). The rail operator owns over 196 th. freight cars, including about 110 th. gondola cars and 46 th. tank cars.

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