Locked content PKP Cargo and PKP PLK CEOs resign

Adam Purwin, the CEO at state-owned PKP Cargo and Filip Wojciechowski, the CEO of PKP PLK have decided to step down, a company press release read. Purwin stressed in a statement that his decision was due to “important issues, particularly, personal ones,” He was appointed CEO in February...

Locked content PKP Cargo faces general strike

Listed logistics group PKP Cargo faces a general strike starting on December 18 in the Silesian unit of the firm, PKP Cargo, the Polish Press Agency (PAP) said. PKP Cargo has been in a collective dispute with the labor organizations since February this year. In its course, the management offered a n...

Locked content Drones scare thieves off cargo trains

The value of goods stolen from PKP Cargo trains fell by 65 percent y/y in the period between January and October, said Maciej Borecki, head of the company’s department of security and audits. “In 2014, we set up a Counter Threat Unit with a principal objective of preventing theft. The ef...

Locked content PKP Cargo to file for €40 mln loan from EIB

Railway freight company PKP Cargo has applied for a €40 million loan from the European Investment Bank to finance the purchase of Siemens locomotives. The total value of the investment is estimated at €80 million. “We need multisystem locomotives to transport commodities across borders, not in...

Locked content PKP will not sell stake in PKP CARGO

Addressing recurrent rumors, PKP SA said on Thursday that it doesn’t plan to sell its stake in PKP Cargo and will notify financial watchdog KNF of a suspicion of deliberate manipulation of the  share price. “In our assessment, recent media rumors could have significantly influenced the p...

Locked content PKP Cargo aims to become logistics operator

PKP Cargo is planning to invest in intermodal services and consequently become a logistics operator and expand in Europe, according to the group’s new strategy. The comprehensive offer of the logistics operator will be complemented by the ‘last-mile’ road freight, the company said in a press r...

Locked content PKP Cargo and OT Logistics to bid for HZ Cargo?

State-controlled PKP Cargo and OT Logistics may be interested in acquiring Croatian national railway cargo operator, HZ Cargo, Parkiet daily reported citing the Croatian media. In March, PKP Cargo established a strategic alliance with HZ Cargo, under which the two partners will cooperate in servicin...

Locked content PKP Cargo joins Technology Transfer Platform

Freight rail operator PKP Cargo has joined the Technology Transfer Platform, which was launched by The Industrial Development Agency (ARP) in May to support cooperation between innovation creators and recipients. PKP Cargo will seek solutions related to the management, monitoring and protection of r...

Locked content PKP Cargo to buy locomotives from Siemens

State-controlled PKP Cargo will purchase 15 multi-system locomotives from German Siemens for PLN 315 million, Puls Biznesu daily reported. According to the daily, the Polish company may order additional five vehicles valued at PLN 110 million. First delivery is scheduled for January 2016. Polish New...

Locked content PKP Cargo offers PLN 200 wage hike

Rail freight company PKP Cargo has offered to increase monthly wages of all its workers by PLN 200, which is stated as their final offer, management board member Jacek Neska told PAP. “That offer expends the firm’s capital at the moment,” Neska said. In a  late-August referendum, e...