Cargo, Good for Business, Lithuania, Railways, Transport

International Internet Magazine. Baltic States news & analytics Friday, 03.05.2024, 10:43

Lithuania's LG Cargo, Poland's PKP Cargo to set up joint venture

BC, Vilnius, 16.04.2020.Print version
LG Cargo, the freight transportation arm of Lietuvos Gelezinkeliai (Lithuanian Railways, LG), and Poland's PKP Cargo will promote intermodal shipments between the two neighboring countries in an effort to reduce environmental pollution and improve traffic safety, the Lithuanian state railway group said.

The two companies have signed a letter of intent to establish a joint venture, with talks on the matter expected to be completed in the near future, LG said. 


LG Cargo CEO Egidijus Lazauskas says that while intermodal freight shipments have been growing in recent years, interest has surged in the wake of coronavirus-triggered disruptions to business logistic chains. 


The project will focus on transporting semi-trailers and containers, and will connect Lithuanian, Polish and German freight terminals via railway lines, according to the CEO. 


Around 50 mln tons of freight are transported between Lithuania and Poland annually, with railways accounting for a mere 1% of the total volume. Some 2.5 mln heavy goods vehicle cross the countries' borders each year, according to the press release. 




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