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Tag Archives: PKP Cargo

First China Railway Express branded container block train arrives in Warsaw

First China Railway Express branded container block train arrives in Warsaw

The first China-Europe container block train under the new China Railway Express brand arrived in Warsaw on Monday. The freight train set off 12 days ago from Chengdu,  the capital of Sichuan Province in Central China. The ceremony was attended by Polish and Chinese Presidents, Andrzej Duda and Xi Jinping. The train consisting …

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Lithuania ready to carry out strategic rail transport investments

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Transport is the third largest sector in Lithuania’s economy and its contribution into country’s GDP over the first half of last year increased by 0.3 percent in comparison with the same period of 2014 and amounted to 13,7 percent, Vice-Minister of Transport and Communications of the Republic of Lithuania Arijandas Šliupas, at …

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PKP Cargo fined for restricting competition on the rail freight market

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Polish Office of Competition and Consumer Protection (UOKiK) has issued a 14,2 million PLN (3,3 million EUR) fine to the state-owned rail freight operator PKP Cargo for abusing its dominant position, resulting in limited competition on the rail freight market.  UOKiK found that in 2006 PKP Cargo introduced regulations allowing it to refuse to sign a …

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PKP CARGO secures PLN 1.1 billion for financing its CARGO’20 strategy

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PKP CARGO group has signed PLN 1.1 billion investment loan agreements with Bank Gospodarstwa Krajowego and Bank Pekao S.A. These agreements allow the PKP CARGO group to benefit from the investment loans on very favourable terms. Loan lines worth up to PLN 700 million in Bank Pekao S.A. and up to …

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EIB evaluates EUR 40 million loan to PKP CARGO for 20 multi-system locomotives acquisition

The European Investment Bank (EIB) is evaluating a EUR 40 million loan to PKP Cargo for the acqusition of 20 multi-system locomotives. The total value of the project is EUR 80 million. The project concerns the purchase of 20 mainline electric-powered locomotives, compliant with the relevant technical specification for interoperability (TSI), …

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New strategy for PKP CARGO Group

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PKP CARGO ‘s new strategy focuses on the development of international services and the extension of its offer by the elements enabling servicing of the entire logistics chain. PKP CARGO will invest in intermodal services, the most rapidly developing freight market component. The offer of the logistics operator will be …

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PKP Cargo and OT Logistics may recapitalize Croatia’s HZ Cargo

PKP Cargo acquires 49% stake in Pol-Miedź Trans

Polish PKP Cargo and OT Logistics are indicated as potential investors in the Croatian state-owned rail freight carrier HZ Cargo. After last year’s failed privatization attempts Croatian government is currently searching for a company  interested in recapitalizing HZ Cargo. Croatia’s government earlier increased HZ Cargo’s capital through a debt-for-equity swap by EUR 127.1 million, …

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PKP CARGO Group posts PLN 156 million net profit in H1 2015

PKP Cargo to acquire up to 50 percent of shares in Pol-Miedz Trans

PKP CARGO Group has registered a net profit of PLN 156 million and PLN 2.1 billion in revenues, in the first half of 2015. The financial results for the first half-year are better than the market expectations. In the first half-year, in the annual perspective the international traffic of the company increased by 136 percent, reaching almost …

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PKP CARGO and the National Centre for Research and Development to invest PLN 30m in new rail transport technologies

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PKP CARGO and the National Centre for Research and Development (NCBR) have signed a cooperation agreement to jointly to invest PLN 30 million in new technologies for the rail transport. The partners will allocate PLN 15 million each for the project.  The joint initiative focuses on the development of IT tools and logistics …

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PKP Cargo and Greenbrier to start joint production of freight wagons

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PKP Cargo and Greenbrier Europe Wagony Świdnica signed a letter of intent on the production of wagons on 1 July. PKP Cargo will invest nearly PLN 11.5 million in the start-up of the production line. The production will employ about 150 people from PKP Cargo and the labour market and will …

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