Locked content PKP Cargo net profits at PLN 156.23 mln

PKP Cargo recorded a net profit of PLN 156.23 million in H1 2015, compared with PLN 126.74 million in H1 2014, the company said in a report. The company’s operating profit amounted to PLN 163.09 million, versus PLN 163.95 in the same period last year. Sales revenues totaled PLN 2.062 billion i...

Locked content PKP Cargo liquidates AWT Rail subsidiary

Rail freight company PKP Cargo said it is taking steps towards liquidating its subsidiary AWT Rail as part of a restructuring process. The company said that AWT Rail PL doesn’t carry out primary operations. It is owned by AWT B.V, the company in which PKP Cargo has a 80 stake in its share capi...

Polish firm buys 20% share in largest Croatian port

OT Logistics has bought a fifth (2.81 million shares) of Luka Rijeka, a Croatian port on the Adriatic Sea. OT Logistic’s boss, Zbigniew Nowik, said that the deal offers a great opportunity to open up a Baltic-Adriatic trade route. OT is the owner of Port Gdynia and Port Świnoujście on the Balt...

Locked content PKP Cargo headquarters occupied, rail union foresees strike

Workers at PKP Cargo would like to have a share of the pie in the company’s earnings. They are calling for a wage increase and threatening the management with a general strike at the company. Solidarność labor union representative, Henryk Grymel, has announced a strike referendum which is due ...

Locked content PKP Cargo moves its offices to Katowice

Rail freight company PKP Cargo informed that it is moving some of its  Kraków and Warsaw  offices to Katowice in autumn of this year. An office complex on ul. Francuska in Katowice will host the headquarters of the Zakład Południowy PKP Cargo and other company units scattered currently on the territ...

Locked content Voluntary layoffs bring PKP Cargo PLN 120 mln in savings

Rail freight company PKP Cargo said that the number of workers who applied for the voluntary layoff scheme exceeded thrice the expectations and the company’s aggregate savings will reach PLN 120 million this year. “In total, as many as 4,000 workers left the job under the program in 2015...

Locked content PKP Cargo to spend PLN 64.6 mln on voluntary leaves

Rail freight company PKP Cargo will spend PLN 64.6 mln on a voluntary layoff scheme as it will let 874 employees go as of July 1, Polish Press Agency quoted PKP Cargo market filing. The firm will pay its severance packages in two tranches: the first one will amount to PLN 55 million and will…

Locked content PKP Cargo to create joint venture with Zhengzhou International Hub

State-controlled PKP Cargo is signing a latter of intent to establish a joint venture with  Zhengzhou International Hub (ZIH) from Henan province in China. The parties will cooperate to expand a handling terminal near the Polish border with Belarus, web portal forsal.pl informed on Monday. Chinese Z...

Locked content Zbigniew Klepacki becomes CEO of AWT

Zbigniew Klepacki has been appointed as the chief executive officer at Advanced World Transport (AWT), Czech railway company acquired by PKP Cargo at the end of last year. Klepacki served previously as the deputy minister of infrastructure and development, specializing in railways. Recently, he was ...