Locked content PKP Cargo increases market share to over 50%

During 2016, PKP Cargo’s market share of Polish freight amounted to 51.55 percent (in terms of work completed) the company said in a statement on Friday. In terms of monetary value, it had 42 percent of the share of freight distribution in Poland, according to data from Poland’s Central Statis...

PKP Cargo looking east, as well as west, in 2017

The large state cargo and logistics operator, PKP Cargo, announced on Thursday that it will seek to expand its business with Chinese partners, as well as with existing western European partners, in 2017, and will expand its investment to modernize and improve domestic infrastructure. CEO Maciej Libi...

Locked content PKP Cargo reports drone success in loss prevention

Poland’s largest freight forwarding firm PKP Cargo decreased the amount of thefts of their transported goods by 48 percent, y/y, during Q1 of 2016, because they used drones to monitor vulnerable railway routes. The information was contained in a press release by the company on Friday. The release al...

Locked content PKP Cargo freight deliveries fell in October

Poland’s largest freight forwarder, PKP Cargo, announced on Tuesday that the volume of goods it had delivered in October of this year had decreased significantly as a result of diminished international trade in major commodities. According to the Polish press, the company said in its press statement...

Locked content PKP Cargo to buy traction energy from PKP Energetyka for PLN 861 mln

PKP Cargo and PKP Energetyka have concluded an agreement worth PLN 700 million net (861 million gross) for the sale of electricity and distribution services by December 31, 2018, PKP Cargo reported. “The agreement covers the sale of electrical energy and provision of traction energy distribution ser...

Locked content PKP Cargo recorded loss in Q2

PKP Cargo recorded a net loss of PLN 128.5 million in Q2 2016, compared with a net profit of PLN 140.4 million in Q2 2015, the company said in a report. The company’s operating loss amounted to PLN 132.3 million, versus an operating profit of PLN 148.4 million in the same period last year. Sal...

Locked content PKP Cargo to cooperate with PGNiG in 2017

Railway freight carrier PKP Cargo has signed a contract with a state-controlled natural oil and gas company PGNiG for the delivery of 1.1 million tons of hard coal in 2017, the company informed in a market filing. The value of the agreement exceeds PLN 28 million, a statement read. PKP Cargo is a pa...

Locked content EIB grants €40 mln loan to PKP Cargo

The European Investment Bank (EIB) has signed a deal to grant an investment loan of up to €40 million to freight carrier PKP Cargo, the company informed in a statement. The funds will be used to purchase multisystem locomotives. The loan will be available within 48 months from the date of signing th...

Locked content PKP Cargo looking for new mergers and acquisitions

PKP Cargo CEO has confirmed its interest in mergers and acquisitions transactions (M&A) on the market of fuel and petchem products shipment. “We are interested in the market of fuel and petchem products shipment,” PKP Cargo CEO Maciej Libiszewski said as cited in a statement. “...

Locked content PKP Cargo lands PLN 200 mln deal with Grupa Azoty

Railway freight transportation company PKP Cargo has secured a two-year contract with Poland’s largest chemical holding Grupa Azoty for the transport of over 4 million tons of fertilizers, chemicals and raw materials, the company informed in a statement. The estimated value of the agreement stands a...