Page 124 - RusRPTMar21

3% annualised m/m growth. The tank fleet was stable at 178,604 cars.
Outlook. In February, volumes were up 1% y/y (leap-year adjusted), in line with RZD’s expectation. For March, it sees 2% y/y growth, mainly because of the low base from March 2020, when volumes fell 6% y/y because of lockdowns. Despite the surge in coal prices, demand for gondolas remains depressed, and neither RZD nor we expect a rebound in the coming year.
124 RUSSIA Country Report March 2021 www.intellinews.com