Rail cargo rates go up 14% on April 1, Ukrzaliznytsia CEO Yevhen Kravtsov writes on Facebook. The State Regulatory Service did not approve subsequent automatic hikes of 2.5%. Concorde Capital’s Alexander Paraschiy writes: “This approval is definitely positive for Ukrainian Railway, which generates all its operating profit from its cargo segment. With such rate adjustments, the company’s plan to increase profitability becomes realistic, which eases attracting new debt for the company.”
Rail cargo rates go up 14% on April 1, Ukrzaliznytsia CEO Yevhen Kravtsov writes on Facebook.
