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July 09, 2009

Latvian railfreight bucks downward trend

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IN CONTRAST to the situation in most other European countries, the freight arm of Latvian Railways, LDz Cargo, witnessed an increase in traffic in the first half of this year with volumes rising 1.2% to 24.9 million tonnes compared with the same period in 2008. A 5.6% decline in export traffic to 1.1 million tonnes was offset by a 7% rise in import traffic, which reached 24.9 million tonnes.
The overall growth in freight traffic is attributed largely to a 16.9% increase in coal and coke volumes, which reached 10.3 million tonnes, and an 11.5% rise in oil volumes to 11.5 million tonnes.
"We are delighted that despite the difficult economic circumstances and the decline in railfreight elsewhere in Europe, LDz Cargo has managed not only to maintain volumes but increase them," says LDz chairman Mr Ugis Magonis.
Last month LDz Cargo carried 4.8 million tonnes of freight, a year-on-year increase of 5.8%.
Photo: Quintus Vosman

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