LTG Cargo will renew its railcar fleet: it will carry more grain and intermodal cargo
LTG Cargo, a railway freight company, is preparing to renew its railcar fleet – on Thursday, May 20, the company announced an international public procurement of grain railcars and platform wagons, during which it plans to purchase up to 728 railcars.
The renewal of the railcar fleet is part of LTG Cargo's long-term business strategy which aims to strengthen the company's competitiveness, to increase cargo volumes and to further diversify the cargo flow. The announced procurement provides for the qualification criteria for the participants, and before signing the contract with the winner of the tender, the compliance of the transaction with the interests of national security will be assessed.
"We aim to further strengthen the company's competitiveness, to diversify the flow of cargo and thus reduce external risks to our business. To this end, we are expanding our activities in international markets, developing new services, and by purchasing new railcars, we aim to increase cargo volumes and offer "green/raw" cargo transportation to even more customers," said Egidijus Lazauskas, the General Director of LTG Cargo.
LTG Cargo intends to purchase up to 500 grain railcars and 228 platform wagons for container transportation from the winner of the tender. The new railcars will be used in the 1520 mm wide railway network.
According to LTG Cargo, the Lithuanian grain market grew by 30 percent last year and reached a harvest of 7 million tons – the demand for grain in the Baltic States is forecast to continue to grow. The company will also expand its intermodal transportation activities – by 2030, the aim will be to increase the volume of intermodal cargo 9 times.
Updated on 2021-05-25