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Rail Cargo Hungaria Zrt. becomes more competitive in eastbound traffic

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Rail Cargo Hungaria successfully improved the eastbound traffics' conditions, supported by the better cooperation with the Organisation for Co-Operation between Railways (OSJD). The Main Committee of the OSJD has approved Rail Cargo Hungaria's request for accession to the "Rules for the Use of Freight Wagons in International Traffic"(PGV) Agreement. The advantages of the decision will take effect from the beginning of July. The significance of the agreement is the dynamic growth of the Hungarian market-leader rail freight transport company's traffics with wide-gauge wagons in the first two months of this year. The amount of goods in tons entering Hungary at Záhony was 50% more than in the same period of the previous year.

The accession to the agreement above enables the company to enter contractual relationship on a normative basis with all potential wide-gauge forwarders and wagon-keepers, creating a stable and predictable technical-operational and commercial terms for using wide-gauge wagons.

The accession improves our company's competitiveness, for the direct connection saves the services fees paid to brokers before, accelerates the administration and ensures the full control of the financial accounting process. With the simplification of processes, the transportation time becomes shorter as well.

The accession makes effective enforcement of interests possible for Rail Cargo Hungaria in the PGV and other workgroups of OSJD as well. Due to direct negotiation reduction of wagon repair costs and damage compensation can be reached and a more flexible access to wagons of certain amounts and types is given.

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