About the Company
Dear Customers and Partners,
JSC UTLC will celebrate its 4th anniversary in 2018. Numerous landmark events occurred in the Company over that time: the business model and the development strategy were adjusted and updated; the team of the industry’s best professionals was created; the record high transportation volumes were achieved. Together with you, we found the ways to develop and improve our business.
With constant improvement of UTLC JSC transit services, the railway container industry in general was expanded in the 1520 mm track space. Moreover, our Chinese and European partners can also be pleased with the past-period performance. Our common performance expressed in the double-digit growth in transit transportation volume in the last two years is an excellent illustration of our partnership in Eurasian railway communications in the China/ Europe/ China corridor, and our common success largely depends on integration of all those involved in transportation.
Yet, amid these positive developments, I would like to note one more event that occurred in April 2018 and to dwell on it a bit more than on transportation figures and development plans.
On April 2, 2018 JSC ULTC restructuring was finalized and resulted in our three shareholders – JSC Russian Railways, JSC NK Kazakhstan Temir Zholy and NU Belarusian Railway – becoming the parity partners with the 33.33% stake each. The Company was renamed into Joint-stock company United Transport and Logistics Company – Eurasian Rail Alliance (JSC UTLC ERA).
On the one hand, nothing has changed in terms of operating business. From the outset, we have pursued our business bearing in mind the interests of all JV participants, as if this parity at the share capital level has existed from the very beginning. On the other, these changes are indicative of consistent observance of all agreements between shareholders, the strengthening of partnership towards addressing of the particular business objectives.
We, the Company’s management, believe that attainment of the targeted parity is the most important step in JSC UTLC ERA development, which should be reflected in the production and financial performance.
Partnership within JSC UTLC ERA is not a private club. We strived to establish an open company, yet, the companies in the 1435 mm track space are the key users of our transit service. Taking this opportunity, I would like to address our Chinese and European partners and assure them that JSC UTLC ERA will always be their reliable partner. Our transportation volume target, 1 Million TEUs, remains unchanged, and its achievement is our common goal. We develop the Eurasian railway space together! Our doors are open so wide as they have never been to partnership. We achieve excellent results when we join our efforts, competencies and technologies.
I suggest that we should move beyond and devise even more ambitious plans relying on the high level of our partnership, interaction and good neighbor relations!
Eurasian Corridor: UTLC ERA demonstrates stable growth of volumes in the first half of 2018
UTLC ERA celebrates the 1000th train on its transit services China-Europe-China
First quater 2018 transportation results of UTLC ERA JSC
UTLC JSC reorganization will allow managing the project on principles of parity
UTLC and Mercitalia Rail have signed a Memorandum of Understanding
JSC United Transport and Logistics Company publishes the financial results under the Russian Accounting Standards (RAS) for 2017
UTLC, Kaliningrad Railway and ports of Kaliningrad region implement project of multimodal transportation
UTLC and Rail Cargo Austria AG have signed Memorandum of Understanding
UTLC provided for growth of transport container service in 2017 by 75%
UTLC and Forwardis concluded a MoU for the transport of containers by rail between Europe and China