{"id":108288,"date":"2024-08-15T18:32:11","date_gmt":"2024-08-15T08:32:11","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=55352"},"modified":"2024-08-15T18:32:11","modified_gmt":"2024-08-15T08:32:11","slug":"ukrainian-railways-records-first-negative-finances-of-2024-in-july","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=108288","title":{"rendered":"Ukrainian Railways records first negative finances of 2024 in July"},"content":{"rendered":"

Despite growing volumes and new records set, Ukrainian Railways has registered its first negative monthly balance of 2024 in July. The company blames energy costs, exchange rates and a different freight structure for the disappointing figures.<\/strong>
\n<\/span>Ukrainian Railways succeeded in covering the 40 per cent increase in energy costs by saving on other expenses, it says in a Telegram post. However, unfavourable exchange rates and changes in the makeup of transported freight pushed the company\u2019s finances over the edge.<\/p>\n

The volume of unprofitable freight has increased, says the company. In July 2024, 3,6 million tonnes of iron and manganese ore were transported, which is 65 per cent more than in July 2023. However, the volume of (the much more profitable) grain transportation declined by 19 per cent.<\/p>\n