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The Russian Railways joint stock association is intensifying freight traffic in the sphere of foreign trade
Owing to export growth, the Russian Railways joint stock association is intensifying freight traffic in the sphere of foreign trade, the press service of the association reported. In October 2003 - August 2004 foreign trade traffic increased by 9.3% year on year (33.6 mln tons) to reach 395.1 mln tons," the source said. The joint stock association specified that the growth was mainly due to export traffic, with volumes rising by 11.8%, or 32.5 mln tons. Import traffic grew by 1.9%, or 1.3 mln tons, whereas transit traffic volumes shrank by 1.3%, or 0.2 mln tons. Among cargoes that preconditioned the export traffic growth were oil (11.3%), coal (29.2%), ore (13.1%), timber (12.3%), chemical and mineral fertilizers (9.3%), and ferrous metals (5.3%). Import of construction materials also increased (28.7%). The most considerable decline in traffic was in the export (68.8%) and transit (38.3%) carriage of corn, import of coal (8.3%) and sugar (24.5%). Traffic through Russian ports grew by 22.7%, making up 150.6 mln tons, while overland transportation traffic increased by 2.5%, reaching 259.7 mln tons.
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