LTG Cargo established a subsidiary in Ukraine (according to the information of AB Lietuvos geležinkeliai as of 11.01.2021)
Freight company LTG Cargo, part of the railway group Lietuvos Geležinkeliai (LTG), has established a subsidiary in Ukraine – LTG Cargo Ukraine. This step is a part of LTG Cargo’s international development strategy and diversification of its activities.
The LTG Cargo expects gradual development in the operations of the LTG Cargo Ukraine in the territory of Ukraine: in the first stage, the LTG Cargo Ukraine will offer rolling stock rental, forwarding and other freight transportation services.
“Our new line of business is a planned strategic step in the international development in Eastern and Central Europe, with which we aim to expand the range of activities and increase competitiveness in the region in the first place.
We believe that by offering modern and reliable freight transportation services by railway, we can become an essential link between Lithuanian and Ukrainian businesses and thus promote economic cooperation between the two countries.
We also see opportunities to contribute to the development of the railway and the Green Course in Ukraine, where the volume of transported freight is one of the largest in the region,” said Egidijus Lazauskas, General Director of LTG Cargo.
In the long run, the objective of LTG Cargo Ukraine is to become an international freight carrier in the territory of Ukraine, where the annual volumes of freight transported by railway amount to about 300 million tons – as much as 6 times more than in Lithuania.
As part of the international businesses, last summer LTG Cargo established a subsidiary in Poland, LTG Cargo Polska, which, together with its partners, will develop freight transportation activities in this country.