Federal Freight Company (FGK)

Company

Transport
Since 2010
Russia

Top managers:
Andrey Mikhailovich Drenichev

Until October 2012, it was called the "Second Freight Company."

Owners:
Russian Railways (RZD)

Content

Performance indicators
- 2022: Profit growth 6.5 times to 41.3 billion rubles
2024: Andrey Drenichev's appointment as CEO
2016: "Federal Freight Company" develops interactive services for customers
Notes

Revenue and Net Profit millions Ths. rub

Owners

+ Government of the Russian Federation

OJSC FGK (until October 2012 - the Second Freight Company) - a subsidiary of JSCo Russian Railways - was established in accordance with the decision of the Board of Directors of JSCo Russian Railways on August 26, 2010 and is one of the largest freight railway operators in Russia. The authorized capital of the company is According to the business plan, the share of VGK in the total cargo turnover through the Russian railway network by 2015 will reach 22.5%.

On February 14, 2011, VGK began independent operation of rolling stock.

Performance indicators

2022: Profit growth 6.5 times to 41.3 billion rubles

The net profit of the Federal Freight Company (FGK) in 2022 increased 6.5 times compared to 2021 - from 6.4 billion to 41.3 billion rubles. Such data are contained in the reports of one of the largest freight railway operators in the Russian Federation (using, among other things, gondola cars, covered cars, platforms, tanks). The materials were released in early May 2023.

According to Interfax, citing FGK materials, the company's revenue in 2022 reached 99.3 billion rubles, which is 1.4 times more than a year ago. The cost of sales decreased by 27.1% and amounted to 43.3 billion rubles, gross profit increased fivefold, exceeding 56 billion rubles, profit from sales amounted to 50.9 billion rubles, which is eight times higher than in 2021.

The FGK was created during the reform of the country's railway transport on the basis of the Russian Railways park. By the end of 2022, the company had 126.3 thousand units of rolling stock.

According to the results of work in 2022, the volume of loading into gondola cars of the FGK at the landfill of the Far Eastern Railway increased by 60% to the level of 2021 and amounted to 6.8 million tons, the press service of the company reports. In 2022, the volume of loading into gondola cars of the FGK also increased at the Far Eastern Railway training ground: other and collected cargoes - 5.5 times, up to 15.1 thousand tons, fluxes - 5 times, up to 17.7 thousand tons, construction cargoes - 1.5 times, up to 975 thousand tons, scrap of ferrous metals - 1.3 times, up to 125 thousand tons, non-ferrous ore - by 8.5%, up to 586 thousand tons.

2022 was not an easy year for a number of Russian industries, which traditionally form the basis of railway loading, says the head of the Globaltrans group Valery Shpakov, who is also the general director of the New Transportation Company. In almost all industries, there was a decline in export shipments, which was partially offset by an increase in domestic Russian traffic, he points out.^[1]

2024: Andrey Drenichev's appointment as CEO

On March 15, 2024, the Board of Directors of JSC FGK (Federal Freight Company) chose a new CEO. It was Andrei Drenichev, who previously held the position of deputy head of the Center for Branded Transport Services in the company - a branch of Russian Railways for transport services. Read more here.

2016: "Federal Freight Company" develops interactive services for customers

The Federal Freight Company (FGK, a subsidiary of Russian Railways), in order to effectively interact with customers, presented a new service on its website in the "Customers" section - an electronic application form.

According to Viktor Voronovich, First Deputy General Director of FGC, the company is constantly developing interactive services and functionality of the corporate site. "First of all, the new option is of interest to cargo owners in foreign markets, in contrast to Russian ones who are not able to create orders using the Customer's AWS of the ETRAN system, which transfers them to FGK JSC. We are working to make the application system as transparent as possible - to exclude possible internal filters. Our task is to consider each application, providing a personal approach to the client and competitive commercial conditions, "Viktor Voronovich emphasized.

The electronic form of the application allows you to indicate the required number of cars, the type of rolling stock, the cargo planned for transportation, the technical characteristics of the cars and other information.

Notes

↑ Net profit of the Federal Freight Company under RAS increased 6.5 times in 2022

Источник — «https://tadviser.com/index.php/Company:Federal_Freight_Company_(FGK)»

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