Ukrzaliznytsia not expecting freight traffic to increase in 2027
JSC Ukrzaliznytsia does not expect freight transportation to increase next year due to the blockade of seaports.
Ukrzaliznytsia, the national railway company of Ukraine, does not anticipate a significant increase in freight traffic for 2027, according to Valerii Tkachov, Deputy Director of the Department of Transportation Technology and Commercial Operations. This assessment comes from Ukrinform, which cites Rail.insider. At the start of the year, the company had optimistic projections for a gradual recovery in freight volumes over the next ten years.
However, the outlook took a sudden turn with the blockade of the seaports in July. Tkachov highlighted the sharp decline in the freight base and the substantial loss of core cargo since then. He warned that there will be no miraculous turnaround in freight traffic by 2027. The only potential quick-fix to improve the situation, according to Tkachov, is the unblocking of the ports in the Odesa region, which would allow for an immediate boost in freight volumes.
The National Bank of Ukraine estimates that the absence of maritime transportation will lead to a loss of $4.6 billion in agricultural export revenues between July and December 2023, with an additional $0.6 billion lost due to the suspension of ore exports.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
