Globaltrans provides freight rail transportation, railcar leasing and ancillary services to clients in Russia, the CIS countries and the Baltics.
With one of the largest railcar fleets among its peers, Globaltrans secured an 8.4% share of Russia’s freight transportation market in H1 2016. The Group’s extensive transportation network covers all major industrial regions in Russia. The core freight rail transportation business contributed about 94% of Globaltrans’ Adjusted Revenue (a non-GAAP financial measure) is calculated as “Total revenue” less the following “pass through” items “Infrastructure and locomotive tariffs – loaded trips” and “Services provided by other transportation organisations”.
Adjusted Revenue in H1 2016. The Group's Freight Rail Turnover is a measure of freight carriage activity over a particular period calculated as the sum of tonnage of each loaded trip multiplied by the distance of each loaded trip, expressed in tonnes-km. It includes volumes transported by the Engaged Fleet, unless otherwise stated.
Freight Rail Turnover was 94.1 billion tonnes-km with 50.6 million tonnes transported in the first six months of 2016.
One of Globaltrans’ key competitive advantages is its large, modern fleet, which is primarily made up of universal Gondola is an open-top type of rolling stock that is used for carrying loose bulk materials.
gondola cars and Tank car is a type of railroad rolling stock designed to transport liquid and gaseous commodities.
rail tank cars. Universal gondola cars which can carry a range of bulk cargoes are the backbone of the fleet, constituting 65% of the Total Fleet is defined as the total rolling stock owned and leased in under finance and operating leases as at the end of period. It includes railcars and locomotives unless otherwise stated and excludes Engaged Fleet.
Total Fleet and enabling the Group to respond quickly to changes in market environment. Rail tank cars, which are used to transport oil products and oil, accounted for 33% of the Total Fleet at 30 June 2016. The Total Fleet consisted of 66,652 units, 90% of which was Owned Fleet is defined as the rolling stock fleet owned and leased in under finance lease as at the end of the reporting period. It includes railcars and locomotives unless otherwise stated and excludes Engaged Fleet.
Owned Fleet with an average age of 10 years as of 30 June 2016.
Globaltrans consistently invests in fleet and route management to ensure customers receive the highest levels of efficiency and service. The hub of the Group’s centralized logistics system is a single dispatching centre, which works 24 hours a day, seven days a week. It monitors every aspect of Globaltrans’ fleet of more than 40,000 gondola cars, managing shipments and routes to maximise efficiency, productivity and service quality.
By continuously improving the reliability of its services, Globaltrans is able to build deeper partnerships with its clients. Today the Group works with over 500 clients across Russia and the CIS region, including blue-chip companies such as Evraz, Metalloinvest, MMK, Severstal and TMK as well as Gazpromneft and Rosneft.
Metallurgical cargoes (including ferrous metals, scrap metal and iron ore) are the largest operating segment for Globaltrans, which has historically focused on specialized logistics services for this industry. For Metalloinvest and MMK, two of Globaltrans key clients, the Group operates as an integral part of their own logistics chains with services based on long-term contracts. In H1 2016, this segment contributed 63% of the Group’s Freight Rail Turnover, giving Globaltrans a Market Share is calculated using the Group’s own information as the numerator and information published by Rosstat as the denominator. The Group’s Market Share is calculated as a percentage of the overall Russian freight rail transportation volume and includes volumes transported by Engaged Fleet.
Market Share of 23.9%.
Oil products and oil is another large freight segment for Globaltrans and contributed 12% of the Group’s Freight Rail Turnover in H1 2016. The Group serves major players in the segment, including Rosneft and Gazpromneft. Globaltrans’ unique ability to transport oil products and oil in block trains using its own Locomotive is a railway vehicle that provides the motive power for a train.
locomotives, guaranteeing a high-quality service, reliability and efficient traffic optimisation has given it a particularly strong Market Share of 8.5% in this segment. Globaltrans provides freight rail transportation services to Rosneft based on a long-term contract arrangement.
The Group is also active in coal and construction materials segments, which contributed 15% and 6% of its Freight Rail Turnover in H1 2016 respectively.
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Rolling stock leasing
The Group’s freight rail transportation business is well complemented by leasing operations, which contributed about 4% of Group's Adjusted Revenue (a non-GAAP financial measure) is calculated as “Total revenue” less the following “pass through” items “Infrastructure and locomotive tariffs – loaded trips” and “Services provided by other transportation organisations”.
Adjusted Revenue in H1 2016. Principally concentrated in the Group’s Estonian subsidiaries, the Leased-out Fleet is defined as rolling stock fleet leased to third parties under operating leases.
Leased-out Fleet is comprised primarily of Tank car is a type of railroad rolling stock designed to transport liquid and gaseous commodities.
rail tank cars (7,614 units at 30 June 2016).