PKP CARGO’s acquisition of 80% shares of Advanced World Transport will be completed in following weeks. PKP Crago has obtained the consent of the Czech anti-trust office, the last condition the necessary to finalize the EUR 103.2 million contract. PKP CARGO has previously obtained consents for acquisitions issued by the anti-trust offices in Poland, Germany
Tag "PKP Cargo"
In 2014, PKP CARGO Group reached 57% of share in rail freight market in terms of transport performance and more than 48% in terms of freight volume. In terms of freight volume, share of PKP CARGO Group increased cumulatively for seven months in a row, from June to December, whereas
PKP CARGO and HZ Cargo, the Croatian national rail freight operator, have signed a strategic cooperation agreement on providing services to their current customers, shipping the freight within the Baltic – Adriatic Corridor and establish joint logistics offer for the prospects. Cooperation with the Croatian partner provides PKP CARGO with access to intensively
On 2 February 2015, PKP CARGO and KGHM Polska Miedź S.A. concluded a preliminary agreement under which PKP CARGO will take up 49% of shares in Pol-Miedź Trans (PMT), a company wholly owned by KGHM. Both parties intend to finalize the transaction in the second quarter of 2015. The agreement
Most locos travelling on Polish tracks are still ‘oldies’, kept in service for at least 25-30 years. Those operators that have adequate funds and resources are planning to purchase new units or modernise the battle-weary veterans. However, a long-standing problem is the condition of the railway infrastructure – modern locos
Polish rail freight operator PKP Cargo has announced a tender for the purchase of 20 multi-system locomotives, including the option for further five units. The total value of the contract may amount to PLN 400 million (EUR 100 million). The first new locomotives will be delivered in the second half of
On December 30th, PKP Cargo signed an agreement to buy for EUR 103.2 mln (PLN 445 million) an 80% stake Advanced World Transport (AWT), the second largest rail freight operator in the Czech Republic active in Central and Southern Europe. The acquisition will be finalised after authorisations are obtained from Polish, Czech, German and
PKP CARGO implements Lean Management in its rolling stock repair workshops
After completing the pilot project aimed at testing Lean Management – a manufacturing management method known, among others, from Toyota – PKP CARGO decided to implement this solution in all rolling stock repair workshops in the Group. Lean Management speeds up the manufacturing process and enhances the standard of work.
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PKP CARGO has launched a wide-ranging campaign to secure shipments in order to reduce pilferage of transported solid fuels, which grow in intensity in the autumn and winter season. Apart from new organisational solutions, rail car security features and preventive campaigns run in collaboration with the Railroad Guards Service, drones
PKP CARGO Group has increased its net profit by 38% after the nine months of 2014. The consolidated net profit was PLN 227m and the revenues were PLN 3.17bn. PKP CARGO has successfully adapted to the challenging market conditions that came in the wake of the slower GDP growth and
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