Revenue down for freight operator PKP Cargo

Listen to this article

PKP Cargo saw its revenue slide by 900 million zł to 4.8 billion zł in 2013.

Despite lower like-for-like revenues, the operator recorded a net profit of 65.4 million zł and maintained its 59 per cent market share.

The operator transported 114.4 million tonnes of freight in 2013, two per cent less than the previous year. There was, however, an increase in the amount of coal and ore transported from the ports to metallurgical sites across Europe.

As well as economic challenges, PKP Cargo had to deliver on an agreement between it and several trade union bodies to issue shares to employees ahead of the organisation’s planned privitisation.

Announcing the results, PKP Cargo said it still believed it “is well placed to exploit opportunities arising from the national large-scale investments in infrastructure modernization and expansion abroad”.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Rail News

QTS Group announces new senior hires to bolster transport team

National rail contractor, QTS Group, has bolstered its senior leadership team with two appointments. Allan Reid has been appointed in...

More like this...