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 ...

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...