2024 Performance
The Transport division continued to improve its operating activity through the implementation of its Management Model, which is based on five fundamental pillars: operational excellence, growth, transformation, community and urban development.
Operating performance
Total transportation volumes in 2024 remained broadly consistent with those of 2023, with 7.1 million tonnes of transported material.
EBITDA reached $76 million, a 7% decrease compared to 2023, due to higher operational costs and lower performance of the truck transport business.
Costs and operating efficiency
The division has worked in a focused manner to implement various initiatives aimed at guaranteeing an efficient use of its assets. These actions not only seek to improve profitability, but also to ensure the long-term sustainability of our operations.
Sustainability
The Transport Division made significant progress in its safety performance in 2024, reducing the lost time injury frequency rate across its various operational activities by more than half to 0.42 (2023: 0.90).
In respect of workforce balance, the operation made further progress in 2024, with female participation in the workforce increasing to 24.4% (2023: 23.1%).
Outlook for 2025
In 2025, the division intends to maintain the progress made in 2024, with more than 300,000 tonnes in new contracts plus existing contracts renewed during the year.
Looking ahead, the division has a robust portfolio of projects that we hope will facilitate the increase in transportation volumes. Concurrently, the division continues to advance its strategy to transform its former rail yards, located in the city centre of Antofagasta, from industrial to urban use. During 2024, the remediation of the first lot associated with the project was completed. In 2025, the redevelopment of this sector will begin, and we will start the remediation of a new sector.
Another important milestone looking ahead to 2025 is the commissioning of the first hydrogen locomotive in South America.
Visit our FCAB website for more details