Doing business
In January-June 2024, Ukrainian Railways (UZ) transported 22.9 million tons of iron ore. This is stated in the press release of the railway operator.
In total, during the first half of the year, UZ transported more than 90 million tons of cargo. This is 28% more than in the same period in 2023. The company transported 45 million tons of cargo for export (+59% y/y), 5 million tons for import (+62% y/y), and 40 million tons for domestic traffic (+3% y/y).
«We record a fairly positive trend in cargo transportation in the first half of 2024. It is important that, in addition to the total volume of transportation, the export of strategically important cargo – grain crops – increased by 43% compared to last year. This is crucial for strengthening the country’s economy. However, we are already seeing an increase in the volume of transportation of unprofitable cargo, which is a challenge for the financial stability of the company,» said Yevhen Liashchenko, Chairman of the Board of JSC Ukrainian Railways.
The main cargoes handled in January-June included iron ore, grain (22.5 million tons), coal (12.5 million tons), and construction materials (13.7 million tons).
Source: gmk.center