Locked content PKP Cargo lands PLN 37 mln deal with Enea

State-controlled power distributor Enea has signed a contract with railway freight carrier PKP Cargo for the delivery of coal from the Silesian mines to the Kozienice powerhouse. The deal is valid for 12 months and its value amounts to PLN 37 million. According to the agreement, PKP Cargo will trans...

Locked content PKP Cargo recorded loss of PLN 66 mln in Q1

PKP Cargo recorded a net loss of PLN 66.05 million in Q1 2016, compared with a net profit of PLN 22.2 million in Q1 2015, the company said in a report. The company’s operating loss amounted to PLN 61.81  million, versus an operating profit of PLN 32.37 in the same period last year. Sales reven...

Locked content PKP Cargo net profit falls significantly

PKP Cargo recorded a net profit of PLN 31.6 million in 2015, compared with PLN 78 million in 2014, Maciej Libiszewski, CEO of the company told the Polish Press Agency (PAP). “In 2015, our market environment was quite challenging, the logistics industry felt the problems of Polish mining. From ...

Locked content PKP Cargo obtains modernized locomotives for PLN 140 mln

PKP Cargo has received 30 ST48 diesel locomotives, modernized at the cost of PLN 140 million by Newag. Besides the ST48 series locomotives, PKP Cargo has 76 SM48 locomotives and intends to continue upgrading this series of vehicles in the future. These vehicles can run on standard gauge lines. A mod...

Locked content PKP Cargo lands PLN 140 mln worth deal

State-run PKP Cargo has signed a PLN 142.3 million deal with Tauron Wydobycie which is part of Tauron Polska Energia, regarding the conveyance of coal in years 2016-2017. According to the deal, PKP Cargo will transport 8.5 tons of coal from Tauron’s mines to its power plants and other partners...

Locked content EBRD finances regional expansion of PKP Cargo with €100 loan

Supporting the regional expansion of Poland’s PKP Cargo, the European Bank for Reconstruction and Development (EBRD) is providing the Polish railway freight operator with a €100 million long-term multi-currency loan to finance the acquisition of Advanced World Transport (AWT), a transport and logist...

Locked content PKP Cargo punished by UOKiK

Polish anti-monopoly watchdog UOKiK has imposed a PLN 14.2 million fee on state-controlled PKP Cargo for abusing its market position, which as a consequence harmed market competitiveness, the office reported. UOKiK found out that in 2006 PKP Cargo implemented some regulations, in line with which it ...

Locked content EBRD grants loan to PKP Cargo

The European Bank for Reconstruction and Development has signed a deal to grant an investment loan worth €100 million to freight carrier PKP Cargo. The money will be used to implement the company’s new strategy. Under the strategy for 2016-2020, PKP Cargo aims to become a leading freight opera...

Locked content PKP Cargo reaches agreement with unions

A general strike at listed PKP Cargo has been called off as parties have reached a preliminary agreement, setting a new negotiation deadline at end-March, the company said in a market filing. The management has agreed not to proceed with employment cuts and trade unions have pledged not to take any ...