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Poor exchange rates push St Petersburg rail freight imports down
RUSSIA's rail operator TransContainer saw its first half rail freight container volumes rise 2.2 per cent to 717,000 TEU compared to the same period last year.
Its rail container terminal network in Russia handled 633,000 TEU, up 2.1 per cent year on year.
The gain was mainly driven by an improvement in domestic, export and transit transportation volumes, partly offset by a 20.3 per cent drop in imports.
The weakness of the Russian ruble against the US dollar and euro was a significant driver in reducing import transportation volumes, reported St Petersburg Port News.
Its rail container terminal network in Russia handled 633,000 TEU, up 2.1 per cent year on year.
The gain was mainly driven by an improvement in domestic, export and transit transportation volumes, partly offset by a 20.3 per cent drop in imports.
The weakness of the Russian ruble against the US dollar and euro was a significant driver in reducing import transportation volumes, reported St Petersburg Port News.
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