News

18.10.2018

ERAI: the new transit market index presented by JSC UTLC ERA at CILF 2018 in China

Alexey Grom, the President of the JSC United Transport and Logistics Company – Eurasian Rail Alliance (UTLC ERA) has presented the Eurasian Rail Alliance Index (ERAI) and related project website www.index1520.com to business community and Mass Media on October 12, at the 13th China (Shenzhen) International Logistics and Transportation Fair.

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“One Belt One Road” project is a key project aimed at freight traffic development along the Great Silk Road. Rail transit traffic between Europe and Asia became competitive largely owing to high delivery speed and optimal rates for freight transit services. ERAI index value serves to unveil those two advantageous factors to customers, – shared Alexey Grom when interviewed by Chinese media. The primary objective pursued by UTLC ERA in the course of ERAI development was to enhance awareness of clients about cost of rail transit, and in future use the index for payments with logistics companies and shippers in the Eurasian region. The index value depends on a level of infrastructure rates, cargo delivery speed, infrastructure capacity and many other traffic performance metrics. A shipper may now easily get online calculation of transportation costs from China to Europe and take a decision regarding transportation mode selection. We believe that the introduction of the index will increase customers’ interest in rail transit services and offer better accessibility to such services for increased number of cargo owners from China and Europe.”

Alexey Grom has also emphasised significance of the East-West Transport Corridor: “Even in the context of difficult environment caused by financial turmoil, overall sea and rail transportation volumes along the East-West Transport Corridor always remained high and never dropped below 20 million TEU per year. It can be said with confidence that this route is a key element in building interfaces between the countries of Eurasian region and their development.”

JSC United Transport and Logistics Company – Eurasian Rail Alliance (JSC UTLC ERA) and INFRAONE consulting company have developed the Eurasian Rail Alliance Index (ERAI). ERAI index was designed to show an indicative value of railway transit services on the 1520 mm network.

The CILF 2018, the 13th China (Shenzhen) International Logistics and Transportation Fair took place from 11 October to 13 October in the Shenzhen Convention and Exhibition Centre in Shenzhen, China and was organized by the City Government. The Fair gathered more than 1,800 exhibitors from 50 countries, with international companies having over 30% of exhibition platform space.