České dráhy

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České dráhy
Government-owned (100%)
Industry Railway company
Founded Prague (2003)
Headquarters Prague, Czech Republic
Key people
 Pavel Krtek
Revenue Decrease 33 billion CZK (2013)[1]
Decrease -2 billion CZK (2013)[1]
Total assets Increase 86 billion CZK (2013)[1]
Total equity Decrease 38 billion CZK (2013)[1]
Number of employees
 Decrease 24,163 (2014)[2]
Subsidiaries ČD Cargo
Website www.ceskedrahy.cz
Electric multiple unit 680 Pendolino at Prague main station
railjet of České dráhy
Class 471 of České dráhy, also known as CityElefant
Class 844 of České dráhy

České dráhy (ČD) or Czech Railways is the main railway operator in the Czech Republic. In 2014 its consolidated revenues reached CZK 33 billion.[2] Revenues from passenger transport amounted to CZK 21 billion (64% transfer payments from the government, 25% intrastate transport, 11% international transport), revenues from freight transport operated by subsidiary ČD Cargo amounted to CZK 12 billion.[2] With twenty-four thousand employees[2] ČD Group is the fifth largest Czech company by the number of employees.[3] The liabilities of ČD Group increased from CZK 19 billion at the end of 2006 to CZK 51 billion at the end of 2014.[2][4]

The company was established in 1993, after the dissolution of Czechoslovakia, as a successor of the Czechoslovak State Railways. It is a member of the International Railway Union (UIC Country Code for the Czech Republic is 54), Community of European Railways and the Organization for Railway Cooperation (Asia and Europe).

Until 1 July 2008, České dráhy was the biggest employer in the Czech Republic.[5] After experiencing regular losses and requiring government subsidies.,[6] the railway reported its first ever profit in 2007[7] while still receiving government compensations.[8] Attempts to make it more efficient are currently ongoing and a recent plan to move passenger transport to an independent subsidiary was approved by the Czech government in January 2008.[9]

ČD operates trains; fixed infrastructure (such as tracks) is managed by SŽDC. In December 2010, the Czech government proposed bringing SŽDC and ČD together in a single holding company. The government has also changed the subsidies available to ČD and SŽDC.[8]

Statistics (2009)

History

České dráhy is the result of more than 160 years of railway history in the Czech lands. Historic milestones include:

Freight services

ČD Cargo, the cargo subsidiary, mainly transports raw materials, intermediate goods and containers. As of 2009, it is ranked in the top five largest railway cargo operators in Europe.[13]

Rolling stock

  • 2,726 tractive vehicles, of which 856 are electric locomotives and train-sets[10]
  • 27,416 freight cars[10]
  • 3,605 passenger cars[10]

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 Annual Report of České dráhy, a.s. for the Year 2013, auditor Deloitte Audit s.r.o., available at http://www.ceskedrahy.cz/for-investors/financial-reports/annual-reports/-11021/
  2. ↑ 2.0 2.1 2.2 2.3 2.4 Annual Report of České dráhy, a.s. for the Year 2014, auditor Deloitte Audit s.r.o.
  3. ↑ ČD Group (České dráhy, a.s. with its consolidated subsidiaries)
  4. ↑ Annual report of České dráhy for 2006, assets CZK 54,4 billion, ownership equity CZK 35,7 billion
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ 10.0 10.1 10.2 10.3 10.4 10.5 10.6 10.7 České dráhy Group Statistical Yearbook 2010, available at http://www.ceskedrahy.cz/pro-investory/financni-zpravy/statisticka-rocenka/-11024/
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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