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Russia and China sign rail logistics deal

PRESS RELEASE

November 27, 2014: JSC Russian Railways Logistics became a partner of new international Russian-Chinese logistics project. Pavel Sokolov, Russian Railways Logistics CEO and Zhao Wenmin, Zhengzhou International Land Port Development and Construction Co., Ltd. CEO signed a strategic cooperation agreement on the organization of international container train Zhengzhou (China) - Europe.

The agreement was signed on November 27, 2014 at Zhengzhou (capital of Henan province) at the threshold of International congress on construction of the Chinese-European logistics hub in the Silk Road economic zone.

Both sides expressed their willingness to actively develop Zhengzhou - Moscow, Zhengzhou Europe routes (and opposite direction) through Russia, including with the use of a unified railway consignment note CIM/SMGS. The parties plan to develop cooperation in the field of container train service using the existing terminal network. The possibility of launching of logistics hub in Moscow has also been discussed.

The participants agreed on comprehensive cooperation in the transport and logistics market of Russia and the Republic of Belarus. Also the agreement affects temperature-sensitive goods transportation in the winter on routes between China and Europe and Central Asia - China.

New international logistics service meant for multinational high-tech goods manufacturers, which are in highly interested in delivery time reduction in order to enhance its products competitiveness.

Rail transit development through the territory of Russia is a key goal of Russian Railways Logistics. In cooperation with a subsidiary company Far East Land Bridge Ltd. RZD Logistics launched a container train service on the new route China - Poland. Within the development of China – Europe transit Russian Railways Logistics cooperates with YuXinOu (Chongqing, China), along with DB Schenker, "Kaztransservice", CRIMT and Chongqing transport holding company.

Russian Railways Logistics was founded on November 19, 2010 in the framework of logistics business development within Russian Railways Holding. The company provides freight forwarding services around the world, as well as offers a full range of complex logistics services. JSC Russian Railways Logistics is a member of International association Coordinating Council on Trans-Siberian Transportation (CCTT), of Freight Forwarders Association of Russian Federation, of International Federation of Freight Forwarders Associations FIATA.

 

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