PKP Cargo is looking for partners abroad
In 2016 the PKP CARGO Group’s revenues amounted to 4,411 million PLN, with EBITDA of 562 million PLN. The Group stopped the decline in the volume of freight and has increased intermodal transport in terms of weight by 25 per cent y/y. The Group’s presence in foreign markets increased by 55 per cent y/y calculated with freight business. The Board of PKP Cargo expects that in 2017 it will be achievable to maintain the positive trend in the change in market share and take advantage of expected growth, including the situation related to large infrastructure projects.
In 2016 the PKP Cargo Group transported 111.5 million tons of goods and achieved freight business at the level of 28.5 billion tkm (both -4% y/y). At the same time the share of the market in the freight business amounted to 51.6 per cent. Transportation was carried out by five entities from the capital group: PKP Cargo, PKP Cargo Service and three carriers included as belonging to PKP Cargo, AWT Group, operating in the Czech Republic, Slovakia and Hungary.
The strong points of PKP Cargo remain intermodal transport and international transportation. Intermodal transport is growing in strength recently, and the New Silk Road and rail transport of containers from China to Europe have become an additional impulse to development. PKP Cargo understands this trend and uses it well, becoming the undisputed leader in this type of transport in the country and an increasingly important player in Europe. The increase in foreign freight business in the transport of containers in 2016 was 110 per cent y/y. Last year,
PKP Cargo launched its own forwarding company in Germany, which will enable even better use of the potential of the Western European markets. “We are looking for partners abroad to use our fleet even more effectively outside Poland and on longer routes. We are active on the New Silk Road, we are also conducting talks on the development of cooperation with railways in the countries of the Adriatic, the Baltic and the Black Sea, and through our strategic partnership with the AWT Group we have become one of the key operators in the Czech Republic,” says Maciej Libiszewski, president of PKP Cargo.