The results of LTG Cargo show a jump in intermodal transportation
In May, the rail freight company LTG Cargo transported almost 4.3 million tons of cargo - 2% more than last year, when 4.2 million tons of cargos were transported at the same time.
Compared to last year, the volumes of intermodal transportation grew the most - 19 thousand TEU (unit of measurement, 20-foot container equivalent) of intermodal cargo was transported in May: this is 82% more than at the same time last year (10 thousand TEU). This growth is mainly due to the disruption in supply chains between Europe and Asia caused by a ship stranded in the Suez Canal, which is being resolved by railway companies, including LTG Cargo.
"Looking to the future, we forecast that the demand for intermodal transportation will increase: the connection of Kaunas intermodal terminal to the European standard railway will have a positive impact. We are already seeing higher-than-planned growth in intermodal freight transport. This change will allow us to strengthen the diversification of activities, transporting cargo to or from Western Europe, "says Mister Egidijus Lazauskas, CEO of LTG Cargo.
Looking at the total cargo flow, in May there was an increase in the transportation of mineral products, which was transported by 90 thousand tons more, and a jump in the transportation of plant products: the latter was transported by 42 thousand tons more.
During the same period, the transportation of oil products decreased by 17% or 176 thousand tons, which was determined by the effect of the COVID-19 pandemic and the decision of the Belarusian company BNK to stop transporting oil products to Klaipeda port.
In May, LTG Cargo announced an international procurement of grain trucks and platform wagons, which is planned to purchase up to 728 wagons: 500 grain trucks and 228 platform wagons for container transport.
Updated on 2021-06-22