Far Eastern Transport group signs contract with large automobile company
In 2008, Far Eastern Transport group JSC (DVTG) plans to deliver 8,000 Chinese cars to Russia, the company reports according to AK&M. In early September DVTG signed a contract with a large automobile for transportation of 750 40-feet containers with automotive vehicles from China to Russia.
DVTG/ Far Eastern Transport group JSC – is one of the largest freight-forwarding companies in Russia. The holding company comprises several freight-forwarding and rail-operator companies. Since 2000, the company have been working to provide full services in transportation and forwarding of domestic, transit and export-import cargoes in Russia, the CIS, and overseas, by rail, sea and also in intermodal traffic. In 2006, the company transported 20.292 million tonnes of cargo. The company’s net consolidated income under IFRS fell by 28.3% to RUR 83.394 million in 2006. In the same period the company’s revenue grew by 20.9% to RUR 13.599 billion, gross income grew to RUR 1.493 billion from RUR 934.154 billion, pre-tax income grew by 3% to RUR 168 million.