Operail
AS Operail (former name: AS EVR Cargo) is a railway logistics company located in Tallinn, Estonia. Its sole shareholder is the Government of Estonia.
| Formerly | AS EVR Cargo |
|---|---|
| Type | State owned |
| Industry | Transport |
| Founded | 2009 |
| Headquarters | , Estonia |
Key people | Raul Toomsalu (CEO) Kuldar Leis (Chairman of the Board) |
| Services | Freight transport Rolling stock rental Locomotive maintenance and modernisation |
| Revenue |  €72.91 million |
| €15.72 million | |
| €9.22 million | |
| Owner | Government of Estonia |
Number of employees | 694 (2018) |
| Subsidiaries | AS Operail Leasing WagonPro Holding Oy |
| Website | operail |
History
EVR Cargo was established as a freight transportation subsidiary of Eesti Raudtee in 2009. In 2012, it was legally separated from Eesti Raudtee. In 2018 the company was renamed Operail.[1]
In 2018, the company together with the railway companies of Latvia and Lithuania signed an agreement to establish the Amber Train freight transportation route from Šeštokai through Riga to Tallinn.[2] In the same year, it rebuilt in collaboration with CZ Loko in its Tapa depot the first GE C30-7Ai locomotive to C30-M. Original frames and bogies were supplemented by a new centrally-positioned driver's cab and a 1.55 MW Caterpillar 3512C HD diesel engine.[3][4] In April 2019, Operail announced that it would suspend wagon repairs and concentrate instead on locomotive construction at Tapa depot.[5]
The Government of Estonia is planning to sell 49% of the shares of the company.[6]
Operations
In 2018, Operail transported 13.4 million tonnes of freight: mainly fertilizers, mineral fuels, and oil shale. Its operating income was €72.7 million, with a net profit of €9.2 million.[7]
References
- "EVR Cargo rebrands itself as Operail". ERR. 2018-06-22. Retrieved 2019-04-23.
- "Baltic railway leaders sign Amber Train agreement". ERR. 2018-05-29. Retrieved 2019-04-23.
- "Estonia's Operail rebuilds US diesel locomotives". Rail Journal. 2018-10-19. Retrieved 2019-04-23.
- "US-built Estonian GE locomotive rebuilt". Railway Gazette. 2017-12-08. Retrieved 2019-04-23.
- "Operail to cut 21 jobs in restructuring of operations at Tapa depot". ERR. 2019-04-22. Retrieved 2019-04-23.
- Virki, Tarmo (2019-04-06). "Three Estonian parties, including far-right EKRE, agree on coalition plan". Reuters. Retrieved 2019-04-23.
- "Vagunite rentimine Venemaale viis Operaili kasumisse" [Renting wagons to Russia led Operail to profit]. Delfi (in Estonian). 2019-03-27. Retrieved 2019-04-23.