December 3 2004, 13:36

Losses of Russian railways from car demurrage in port areas exceed $1 mln daily

Losses of Open Joint Stock Company "Russian Railways" from demurrage of cars at the entries to ports make $1.284 million daily, Vice President of the company Salman Babayev told to a news conference December 3.

He said at the entries to ports on Oktiabrskaya, Severo-Kavkazskaya and Dalnevostochnaya Railways there were currently 223 trains stuck up. The reason for this satiation is shortage of port capacities, which is aggravated by bad weather conditions, Babayaev said.

He said that the additional cause f the bottlenecks in the port directions might be too low tariffs for freight railway services. He added that the company was trying "to remedy this situation".