Freight One

Freight One
«Первая грузовая компания»
Locale Russia
Dates of operation 2010current
Headquarters Moscow
Website pgkweb.ru
Russian Railways, Gondola (rail) by «Uralvagonzavod»

The Freight One is a railway business formed in Russia during reforms by Russian Railways.[1] Freight One owns over 200,000 units of rolling stock of different types, 21% of the total fleet in Russia, and it shipped over 100 million tons of freight in 2008[2] it is Russia's largest rail transport operator.

Freight One has implemented simplified tariffs and standardised freight contracts.[3] A joint venture was planned with VR to handle rail freight between Russia and Finland; further expansion is planned in Europe.[4]

Freight One recently pioneered a new system that microwaves tank wagons to help extract heavy oil residues.[5]

In August 2012, Freight One sold 10,000 tank wagons to Transoil.[6]

In August 2011, Russian Railways announced plans to auction approximately 75% of shares in Freight One.[7] It began divesting of Freight One in 2011, selling a 75% stake in the company to UCLH (the transport group controlled by Vladimir Lisin, one of Russia's richest people)[8] which bid 50bn roubles for the remaining 25% in October 2012.[9]

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