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State owned logistics company Operail has reported a net profit of €2·6m for the first three months of 2019, double the figure for the same period last year. Chairman Raul Toomsalu said the main source of profit was the lease fleet of 2 100 wagons, with revenue up 65% as a result of ‘extensive demand and limited supply, which has increased rental prices’.
Freight traffic was down 2% at 3·6 million tonnes. ‘Our calculations show that if we carry more than a million tonnes a month, we earn a reasonable profit’, said Toomsalu.
This article first appeared on www.railwaygazette.com
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