UrBC, Yekaterinburg, November 25, 2015. UVZ Logistic (a member enterprise of Ural Vagon Zavod Corporation) handed a number of its unique railcars to Russian Railways’ O&M subsidiary, the company press service reports.

‘Under the agreement that the parties signed, Russian Railways will provide freighters with railcars for improved economic outcome. UVZ Logistic Director-General Dmitri Yeremeyev feels this change will help introduce new traffic regulation mechanisms to strike a balance between the price of renting railcars available and the cost of shipment for the consignor; Russian Railways will also be able to keep track of and maintain the exact number of railcars the country’s economy needs,’ the press service says.

The fact that Russian Railways now operate up to 50% of the country’s gondola cars and have the best expertise and management tools in the sector will also allow for systematic renovation of this fleet of vehicles with the help of partner operators, major state banks, and railcar-building enterprises. The company intends to make freight forwarding activity more appealing to investors, lower the risks of non-payment on loans, and enforce well-coordinated rolling stock purchasing policy.