JSC UTLC ERA deals with cargo container transportations in part of regular container trains in traffic ChinaEurope–China along the territories of EAEU countries: Republic of Kazakhstan, Russian Federation and Republic of Belarus.
On April 2, 2018, JSC UTLC was reorganized into JSC UTLC ERA. The reason for the reorganization was the task of achieving parity shareholders’ equity. The company will continue to work on the basis of the business model “without assets” with parity participation of the founding companies: JSC Russian Railways, the National Union Belarusian Railway and JSC National Company Kazakhstan Temir Zholy (33.33% of shares).
«UTLC JSC will celebrate its 4th anniversary in 2018. Numerous landmark events occurred in the Company over that time: the business model and the development strategy were adjusted and updated; the team of the industry’s best professionals was created; the record high transportation volumes were achieved. Together with you, we found the ways to develop and improve our business.
With constant improvement of UTLC JSC transit services, the railway container industry in general was expanded in the 1520 mm track space. Moreover, our Chinese and European partners can also be pleased with the past-period performance. Our common performance expressed in the double-digit growth in transit transportation volume in the last two years is an excellent illustration of our partnership in Eurasian railway communications in the China/ Europe/ China corridor, and our common success largely depends on integration of all those involved in transportation», – Alexey Grom, president of JSC UTLC ERA.
Russian Railways (JSCo «RZD») is a Russian fully state-owned vertically integrated company, both managing infrastructure and operating freight and passenger train services.