Background: The active development of commodity-transport ties makes the issues of the influence of the situation on commodity markets on the directions and structure of freight traffic particularly important. Scientific understanding of the prospects for the development of transport communications in order to increase the efficiency of goods distribution in accordance with the growing requirements of the economy for its speed, reliability and cost allows us to determine economic indicators for the development of transport infrastructure and the need for investment in fixed assets of transport companies. Aim: Development of methodological tools for assessing the impact of commodity markets on the processes of updating fixed assets of a transport company. Methods: The methodological basis of the study is the work of domestic and foreign scientists, which examined the formation of a system of economic indicators - indicators of the state of technical means and systems, the problems of the development of railway transport in the context of macroeconomic changes, as well as the features of innovative activity in railway transport. To solve the tasks, the method of system analysis, methods of statistical analysis, methods of technical and economic calculations, etc. were used. Results: A methodological approach to the determination of economic indicators reflecting the need for investment when updating the fixed assets of a transport company is proposed taking into account the dynamics of the transport market. Conclusion: The economically feasible renewal of fixed assets of railways not only plays an exceptional role in creating the conditions for the efficient use of their production resources and their development in general, but also helps to create conditions for satisfying solvent demand in the transport market.

Research background: Despite the sanctions pressure, consequences of the pandemic coronavirus infection COVID-19 and other non-economic factors, the study of the impact of globalization processes on the country’s economy comes to the fore today, as Russia is one of the key elements of the world economic system in these difficult conditions. The dynamics of world commodity markets influence the internal economic processes of the country. The authors conclude that the processes of globalization through the influence of the world commodity markets have a significant impact on the capabilities of Russia’s transport complex and require the development of its transport potential on the principles of economic growth. Purpose of the article: Determination of the impact of globalization processes on the renewal of the transport potential of Russia on the basis of a comprehensive assessment of the economic situation. Methods: To conduct the study, we used statistical reporting. Along with traditional research methods (analysis, synthesis, classification), additive models were used to form an index of transport market conditions, which allowed us to identify statistically significant determinants that allow us to determine the main directions of development of Russia’s transport potential in the context of increasing globalization processes. Findings & Value added: The results show that the most significant trends in the development of Russia’s transport potential are determined by globalization processes and require their consideration when developing measures to upgrade and modernize the country’s transport infrastructure. The developed conceptual model for assessing the impact of world commodity markets in the context of globalization of economic processes on the development of the country’s transport system contributes to the development of tools to increase the transportation of both transit and export-import cargo.

Research background: The article describes the main trends in the globalization of economic processes, analyses the economic situation of world commodity markets, considers factors that influence the development of the transport system of Russia, defines the transport component in the cost of bulk cargo transported by Russian railways, presents a conceptual model of its formation for the purpose of improving tariff policy and competitiveness. A study of the dynamics of market conditions helps to identify factors that increase the efficiency of interaction between cargo-forming enterprises and organizations with the transport complex, develop and justify a system of measures to increase the efficiency of the transport system and ensure the sustainability of the national economy, as well as identify factors that contribute to globalization and the integration of production processes of transnational structures into the world economic system. Purpose of the article: To develop a methodological approach to assessing the impact of global commodity markets in the context of the globalization of economic processes on the development of the transport system of Russia. Methods: Analysis, classification, deduction, economic and mathematical modelling. Findings & Value added: The developed conceptual model for assessing the impact of global commodity markets in the context of the globalization of economic processes on the development of the country’s transport system contributes to the improvement of the tariff policy in the field of freight transportation, creates favourable conditions for increasing freight volumes for both transit and export-import cargoes.