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Pkp cargo

The meaning of «pkp cargo»

PKP Cargo (WSE: PKP) is a logistics operator and a part of the PKP Group in Poland. It is the largest railway freight carrier in Poland and second largest in the European Union.[4] PKP Cargo is listed on the Warsaw Stock Exchange. The company's largest shareholder is PKP S.A. with a 33,01% share.[5]

In 2000, PKP Cargo was spun off from Polskie Koleje Państwowe, the Polish state railways. Since 1 October 2001, PKP Cargo has been a member of PKP S.A. Group. In 2009, the company was awarded the Safety Certificate – Part A, which confirmed the approval of its safety management system in the European Union, and in 2010, it obtained the Safety Certificate – Part B.[6]

Since June 2014, PKP Cargo has been operating through seven divisions:

Beforehand, after the year 2001, the structure of the company was modified several times. The new territorial division is expected to streamline management performance and deliver more than PLN 10 million in savings annually.[7]

The core activity of PKP Cargo is rail freight transport. The company is the largest carrier in Poland – in 2013, PKP Cargo had a 59.2% share in the Polish market by transport performance (30.1 billion tkm) and 49.1% by weight (114.4 million tonnes).[8] The major goods carried by PKP Cargo are: coal (39% of transport performance in 2013), aggregates and construction materials (18% of transport performance in 2013), ores and metals (15% of transport performance in 2013) and intermodal services (6% of transport performance in 2013). PKP Cargo cooperates with the largest Polish and global industrial groups representing the mining (coal, copper), steel and metallurgy sectors.[9]

Apart from Poland, PKP Cargo carries out rail freight operations using its own rolling stock in 8 other countries of the European Union: Germany, Czech Republic, Slovakia, Austria, Belgium, the Netherlands, Hungary and Lithuania (on the standard gauge part of the infrastructure). The company has access to main Polish and European seaports, such as Gdańsk, Gdynia, Szczecin, Świnoujście, Amsterdam, Rotterdam, Zeebrugge, Antwerp, Hamburg and Bremerhaven. In the first quarter of 2014, freight transport in Poland accounted for 47% of all services provided by PKP Cargo in terms of transport performance, while import, export and transit services – for 22%, 23% and 8%, respectively.[10] Most of the company’s international operations terminate in countries bordering Poland. As regards the structure of income from international customers, in the first quarter of 2014, 31% of income was received from Germany, 18% from the Czech Republic and 12% from Slovakia.[11]

Member companies of PKP Cargo Corporate Group provide services in the area of inland and maritime transport, logistics, forwarding, transshipment, repairs of rolling and tractive stock, as well as railway siding management. Subsidiaries under the direct control of PKP Cargo:[12]

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