Russia’s Transit Potential: New Solutions for Developing Markets
Electronic and cross-border commerce is proving to be a powerful new tool for the development of rail transit. In the first quarter alone, East–West shipments of packages by major online retailers rose by 40%. At the same time, building capacity for transporting container cargo does not require significant investment. This is not the case with freight aviation, a method which is quicker but also more capital-intensive. Along with the growth in electronic commerce, shipments by traditional industries are also on the rise, with auto components showing 20% growth and shipments of wood products expanding by a multiple of 31! Currently, rail infrastructure operators and their partners can service clients more quickly and cheaply than sea transport, with almost none of the queues clients experience with air transport. What is still lacking in the development of the Russian transit sector? What difficulties do clients face, and what conditions should be put in place to further increase freight traffic?
Moderator:
Joe Watt ,
Chairman of the Management Committee, Managing Partner, CIS, EY
Panellists
Oleg Belozerov ,
President, Chairman of the Board, Russian Railways
Vladimir Bulavin ,
Head, Federal Customs Service
Maria Magdalena Grigore ,
Deputy Minister of Transport of Romania
Mark Zavadskiy ,
Business Development Director for Russia and CIS, Aliexpress; General Manager, Alibaba Russia
Alan Lushnikov ,
Deputy Minister of Transport of the Russian Federation
Luc Nadal ,
Chairman of the Management Board, GEFCO Group
Dmitry Strashnov ,
General Director, Russian Post
Michel Charouk ,
Vice President, Global Operations and Transformation, IBM Global Markets