February 27, 2015 7:21 AM ET

Road and Rail

Company Overview of Open Joint Stock Company Russian Railways

Company Overview

Open Joint Stock Company Russian Railways, together with its subsidiaries, provides railway transport services in the Russian Federation. The company offers long-distance and suburban passenger transport, freight transport, logistics, forwarding agency, locomotive propulsion, and telecommunication services, as well as engages in trading activities. It is also involved in the construction of residential buildings and infrastructure facilities; research and development; supply of rolling stock, railway equipment, and spare parts; extraction, processing, and sale of nonmetallic minerals; repair and maintenance of rolling stock; and manufacture of electrical engineering equipment. The company wa...

Novaya Basmannaya Street, 2

Moscow,  107174

Russia

Founded in 2003

Key Executives for Open Joint Stock Company Russian Railways

Chairman of Management Board, President, Chairman of The Scientific & Technical Council and Director
Age: 66
Senior Vice President of Economics & Finance, Member of Management Board, Member of the Scientific & Technical Council and Member of Strategic Planning Committee
Age: 45
Chief Engineer, Senior Vice President of Innovation Development, Member of the Management Board and First Deputy Chairman of the Scientific & Technical Council
Age: 59
Senior Vice President of Corporate Governance & Strategic Development, Member of Management Board, Member of the Scientific & Technical Council and Member of Strategic Planning Committee
Age: 62
Head of the Directorate of Traction, Vice President, Member of Management Board and Member of the Scientific & Technical Council
Age: 53
Compensation as of Fiscal Year 2014.

Open Joint Stock Company Russian Railways Key Developments

Russian Railways Launches International Mail Delivery Service by Rail from China to Russian Post

Russian Railways announced it is launching an international mail delivery service by rail from China to Russian Post. The project is being implemented as part of a cooperation agreement between Russian Railways and Chinese Railways which was signed in May 2014, as well as a Memorandum of Understanding and Cooperation between Russian Post and China Post signed in October 2013 during an official visit of Russian Prime Minister Dmitry Medvedev to China. The Memorandum provides for the expansion of mail delivery transport routes from China to Russia and enables the parties to attract additional traffic to the Trans-Siberian Railway. The transport operator is RZD Logistics. The first container with mail from China arrived in Moscow from Harbin at the end of last week. At Kuntsevo-2 station, the container was transshipped to road transport before proceeding to the international postal exchange point. Until now, international mail has been delivered to Russia by air and road transport. Delivery by rail not only reduces transportation costs, but also enables goods to be delivered door-to-door in the container itself, thereby eliminating additional freight operations and intermediaries from the delivery supply chain. In addition to delivering mail, RZD Logistics provides a full range of related services, including the completion of transportation documents and customs transit and the transshipment of containers from Chinese to Russian railway transport, as well as road delivery from the arrival station to the final destination in international postal exchange. In the future it is planned to transport mail by rail not only from Harbin, but also from other Chinese cities. In addition to Moscow, deliveries will also be made to Novosibirsk, Yekaterinburg and Kazan. The new system will also facilitate the establishment of similar services between Russia and other countries.

Russian Railways To Not Sell ELTEZA For Now

Open Joint Stock Company Russian Railways does not plan to sell its stake OAO ELTEZA. "The deal was proposed at the initiative of the partner. We reckon that it is too early to consider this issue in current conditions, so it is unlikely to be discussed," Valery Reshetnikov, Senior Vice President of Open Joint Stock Company Russian Railways said.

Russian Railways to Sell Two Railcar Repair Subsidiaries in 2015

Open Joint Stock Company Russian Railways is planning to sell two of its three railcar repair companies (VRK) in 2015 - OJSC Carriage Repair Company - 2 and OJSC VRK-3, but there is a risk that the deals will not take place. "They are planned, but these are big complexes, which are now underutilized,” Russian Railways Vice President Valery Reshetnikov told journalists.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 27, 2014
--
Private Placement
December 25, 2014
--
Merger/Acquisition
November 17, 2014
Obedinennaya Transportno-Logisticheskaya Kompaniya, OOO
 

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