Bloomberg News

Russian Rail Cuts Fertilizer Cargo Tariffs on Slump in Industry

December 01, 2008

OAO Russian Railways, the national rail monopoly, cut tariffs for cars that transport fertilizers and construction materials by 30 percent.

“Fertilizer output in the country is being cut and many of the plants are on the verge of being closed,” Salman Babayev, chief executive officer of Moscow-based Russian Railways’ freight unit, said in a statement today. “Given the tough market conditions, we decided to cut tariffs for fertilizer cars.”

The unit, known as OAO Freight One, was created in July 2007 to manage the nation’s carriage stock and is the largest cargo operator in Russia.

To contact the reporter on this story: Yuriy Humber in Moscow at yhumber@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


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