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 ...

PKP Cargo sets eye on Unipetrol

Poland’s PKP Cargo, the EU’s second-biggest rail cargo operator, is mulling purchasing Unipetrol Dobrava, the freight unit of Czech oil refiner Unipetrol for PLN 300 million, Parkiet daily reported.

Locked content PKP earned PLN 219 mln in 2014

The Polish State Railways (PKP SA) recorded a net profit of PLN 219 million in 2014, compared with PLN 232 in 2013, Jakub Karnowski, CEO of the company told Polish Press Agency (PAP). According to him, the result is an effect of the simplification of railway companies’ structures and their imp...

Locked content PKP Cargo with PLN 62 mln contract

Enea Wytwarzanie has signed a PLN 62.56 million contract with PKP Cargo for the delivery of coal from the Bogdanka mine and from the Silesian mines to the Kozienice powerhouse. The deal is valid for 12 months starting from July 2015. PKP Cargo will transport around 5 million tons of coal during that...

Locked content PKP Cargo acquires Czech Advanced World Transport

Czech antimonopoly watchdog has given a green light for acquisition of 80 percent stake in Advanced World Transport (AWT) by Polish PKP Cargo. The deal is valued at €103,2 million (roughly PLN 445 million). The transaction had been previously approved by Polish, German and Slovak antimonopoly watchd...

Locked content PKP Cargo to hire 1,000 train drivers

Polish freight company PKP Cargo plans to employ 1,000 train drivers in 2015-2016, said Adam Purwin, CEO of the company. The driver training program costs PLN 21 million per annum. “The whole railway sector in Poland is facing a generation gap in the profession of train drivers. We have identi...

Locked content PKP Cargo to concentrate forwarders

Polish state-controlled, PKP Cargo will consolidate its forwarding businesses in order to establish one entity, that will be competitive on the European market, the rail company informed. “The aim is to create a strong forwarder which will be focus on the forwarding business only. It will act ...

Locked content PKP Cargo increased its market share

Polish freight company PKP Cargo has transported as much as 7.5 million ton in total in February, which translated into an increase of three percentage points to 49.2 percent year-on-year, the company announced. Intermodal freight transport saw the biggest increase of 8 percent y/y. According to dat...