Decline in rail freight slows down

The decline in rail freight volume in Latvia has slowed down, partially because freight fees have been reduced, Edvīns Bērziņš, newly instated head of Latvijas Dzelzceļš (Latvian Railways), told Latvian Television Tuesday.

Bērziņš said that in the first quarter of 2016 the company's rail freight volume has decreased 20%, however the decline has stopped, with coal and oil deliveries having become stable.

The railways cannot control infrastructure fees, however it has adjusted freight tariffs, said Bērziņš. In order to further increase freight volume, solutions would have to be sought to adjust port charges. 

He said that the LDz Cargo Loģistika could become the coordinating institution within the transit business, working with ports, stevedores and carriers.

Both the Riga Port and Latvian Railways are seeing a drop in freight volumes, however the forecasts for this year are cautiously optimistic.

Economy
Economy