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 a 7% share of Russia’s overall transportation volumes in 2018. The Group’s extensive transportation network covers all major industrial regions in Russia. In 2018 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 excludes volumes transported by Engaged Fleet and performance of the petrochemical tank container segment, unless otherwise stated.
Freight Rail Turnover (including Engaged Fleet is defined as rolling stock subcontracted or otherwise engaged from a third-party rail operator for a loaded trip from the point of origination to the cargo’s destination, at which point the railcar is then released to such third-party.
Engaged Fleet) was 158.9 billion tonnes-km with 86.8 million tonnes transported.
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 Rail tank car is a type of 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 fleet owned and leased in under finance and operating leases as at the end of reporting period. It includes railcars, locomotives and petrochemical tank containers, 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 30% of the Total Fleet at 31 December 2018. The Total Fleet consisted of 69,023 units, 95% of which was Owned Fleet is defined as the fleet owned and leased in under finance lease as at the end of the reporting period. It includes railcars, locomotives and petrochemical tank containers, unless otherwise stated, and excludes Engaged Fleet.
Owned Fleet with an average age of 11 years as of 31 December 2018.
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 44,000 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 Rosneft, Metalloinvest, MMK, Gazprom Neft, Evraz, TMK, Chelpipe and others.
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 2018 the Group signed two new five-year contracts with TMK and ChelPipe Group, which are both leading manufacturers of pipe products. Both contracts envisage significant increases in serviced volumes to 70% of client’s freight rail transportation needs and perfectly complement Globaltrans’ logistics patterns. In 2018, this segment contributed 54% of the Group’s Freight Rail Turnover (excluding Engaged Fleet).
Oil products and oil is another large freight segment for Globaltrans and contributed 14% of the Group’s Freight Rail Turnover (excluding Engaged Fleet) in 2018. The Group serves major players in the segment, including Rosneft and Gazprom Neft. 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 guarantees a high-quality service, reliability and efficient traffic optimisation. 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 20% and 4% of its Freight Rail Turnover (excluding Engaged Fleet) in 2018 respectively.
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Rolling stock leasing
The Group’s freight rail transportation business is well complemented by leasing operations, which contributed about 2% 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 2018. Principally concentrated in the Group’s Estonian subsidiaries, the Leased-out Fleet is defined as fleet leased out to third parties under operating leases (excluding platforms and tank containers used in petrochemical business).
Leased-out Fleet is comprised primarily of Rail tank car is a type of rolling stock designed to transport liquid and gaseous commodities.
rail tank cars (7,627 units at 31 December 2018).