Performance, Market Share, Assets and Financial Results
Since 1950, the railway system's market share of freight transportation dropped from 70% to ~55% (1960), ~25% (1970), ~10% (1980, 1990) and to less than 10% in 2000. A similar trend was observed in the percentage of passenger transport performed by rail - dropping from a share of greater than 40% in 1950 to ~25% in 1960; less than 10% in 1970; ~5% by 1980; and reaching an all-time low of 2% by 2000. This was partly due to major investment and expansion in the road network.
The TCDD receives subsidies from the government for socially necessary operations, but has registered increasing losses in all its areas of business except for port operations; which have high port tariffs (higher than 36%). By 2000, the cost to the Turkish government had exceeded $500 million per year in addition to a subsidy of over $100 million. In addition to the problems caused by the lack of investment from 1950 onwards, the TCDD organisation has been characterised as suffering from the common problems associated with state-owned enterprises; i.e. emphasis on production rather than customer needs; subject to government reliance and interference; and an inward-looking corporate culture.
As of 2008, the amount of freight transported was the highest ever (18.343 million tonne-kilometers); though actual growth was small over the previous 10 years, and passenger figures had risen slightly overall over the past decade.
As of 2008, the TCDD administers the Ankara Railway Factory, Sivas Concrete Sleeper factory, Afyon Concrete Sleeper factory, Behiçbey rail welding and track machinery repair factory and Çankırı Switch factory. Additionally, the state owned companies TÜLOMSAŞ, TÜDEMSAŞ and TÜVASAŞ are affiliates. The TCDD has a 50% share in the İzmir Banliyö Taşımacılığı Sistemi A.Ş. (İZBAN A.Ş.) which operates the metro in İzmir, and a 15% share in EUROTEM.
Read more about this topic: Turkish State Railways
Famous quotes containing the words market, financial and/or results:
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)
“In full view of his television audience, he preached a new religion—or a new form of Christianity—based on faith in financial miracles and in a Heaven here on earth with a water slide and luxury hotels. It was a religion of celebrity and showmanship and fun, which made a mockery of all puritanical standards and all canons of good taste. Its standard was excess, and its doctrines were tolerance and freedom from accountability.”
—New Yorker (April 23, 1990)
“Nothing is as difficult as to achieve results in this world if one is filled full of great tolerance and the milk of human kindness. The person who achieves must generally be a one-ideaed individual, concentrated entirely on that one idea, and ruthless in his aspect toward other men and other ideas.”
—Corinne Roosevelt Robinson (1861–1933)