The Polish state-owned rail freight operator PKP Cargo is struggling, as are many of its counterparts across Europe. Rumours surfaced about a possible bankruptcy for PKP Cargo and RailFreight.com went straight to the source to better understand what is happening. The company confirmed that the situation is bleak, and most of its hopes heavily rely…
Category: PKP Cargo
PKP Cargo eyes “untapped” semi-trailer market for business revival
Polish state-owned rail freight operator PKP Cargo is looking for ways out of its dire financial situation. The company’s new management took the drastic step of suspending nearly a third of its workforce to save money. Now, its strategy director says that the company is looking to semi-trailer transportation for new business opportunities. PKP Cargo…
‘Our situation is worse than I thought’, says PKP Cargo President
The Polish state-owned rail operator, PKP Cargo, might be nearing the end of its life due to years of mismanagement and the inability to adapt to a changing market. The current Acting President of the company, Marcin Wojewódka, said that the situation is worse than expected, with both volumes and share values dropping significantly and…
PKP Cargo confirms Ukraine as target for expansion
PKP Cargo is planning to expand its operations into Ukraine as the company seeks to expand operations in more neighbouring countries. A move into Ukraine would take place after the construction of new infrastructure, according to PKP Cargo’s CEO Alan Beroud. PKP Cargo, a subsidiary of the state-owned Polish rail operator, plans to move into…
PKP Cargo launches Rotterdam connection from new intermodal terminal
Polish rail freight operator PKP Cargo is launching a new international connection to Rotterdam. Trains will depart twice a week from a newly built intermodal terminal in Karsznice, central Poland. The company says that the new route is part of a larger strategy for intermodal transport in the region. The Polish rail operator will be…