LTG Cargo: Growth in Domestic Transport and New International Routes in 2024

The company “LTG Cargo,” a part of LTG Group, has presented the results for the first half of 2024 concerning freight transport, this is reported by the railway transport news portal Railway Supply.

Despite a decline in overall transport volumes due to the cessation of cargo shipments from Russia and Belarus, as well as intensified sanctions, domestic transport volumes in Lithuania continue to grow steadily.

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Currently, domestic transport accounts for 58.5% of the company’s total freight volume, marking a significant improvement compared to last year.

The growth in domestic transport in Lithuania is attributed to the increase in the transportation of construction materials and grain, which partially offset the decline in the transport of chemical and mineral fertilizers.

It’s important to note that “LTG Cargo” has also strengthened its position in the project cargo segment.

During the first half of 2024, 94 units of military equipment were transported by rail, representing a significant increase compared to the previous year.

A particular highlight is the launch of regular transport on the Bugeniai (Lithuania) – Valga (Estonia) route. This project, implemented exclusively with “LTG Cargo” resources, has become an important milestone in the development of the Baltic region’s logistics infrastructure.

The transport is carried out without involving external railway partners, highlighting the company’s independence and competence in organizing logistics processes.

This year, the company organized the transportation of NATO military equipment for the first time on the route from Valga in Estonia to the Polish border without the involvement of foreign railway operators.

This event further confirms the strategic importance of “LTG Cargo” in ensuring international transport.

To meet the growing needs of its customers, the company is actively investing in the renewal and modernization of its rolling stock.

In the first half of 2024, 500 new grain wagons and 200 gondola cars for bulk cargo were purchased, and the procurement of electric locomotives continued.

At the same time, repair depots in Radviliškis are being modernized, which will improve the maintenance of freight cars.

“LTG Cargo” continues to expand its activities in international markets. The company already operates successfully in Poland and Ukraine through its subsidiaries “LTG Cargo Polska” and “LTG Cargo Ukraine.”

Last year, “LTG Cargo” transported 27.2 million tons of cargo, with company revenue reaching around 286 million euros, and net profit amounting to 17.5 million euros.

If you are interested in the services of LTG Cargo Ukraine, please contact a representative at sales@ltgcargo.ua to discuss opportunities for developing your business!

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