České dráhy

České dráhy
Type Government-owned (100 %)
Industry Railway company
Founded Prague (2003)
Headquarters Prague, Czech Republic
Key people Petr Žaluda
Revenue 41,000 mio CZK (2010)[1]
Net income -940 mio CZK (2010)[1]
Total assets 75,794 mio CZK (2010)[1]
Total equity 41,889 mio CZK (2010)[1]
Employees 38,046 (2010)[1]
Subsidiaries ČD Cargo
Website www.ceskedrahy.cz

České dráhy or Czech Railways (ČD) is the main railway operator of the Czech Republic. In 2010 its consolidated revenues reached CZK 41.0 bn (€1.6 bn, $2.1 bn).[1][2] Revenues from passenger transport amounted to CZK 18.7 bn (65 % transfer payments from the government, 25 % intrastate transport, 10 % international transport), revenues from freight transport operated by subsidiary ČD Cargo amounted to CZK 11.8 bn, revenues from traffic control invoiced to state-owned railway infrastructure operator SŽDC amounted to CZK 5.2 bn.[1] With 38 thousand employees[1] ČD Group is the largest Czech company by the number of employees.[3]

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 Czech Republic is 54), Community of European Railways and the Organization for Railways Cooperation (Asia and Europe).

Until 1 July 2008, České dráhy was the biggest employer in the Czech Republic.[4] After experiencing regular losses and requiring government subsidies, the railway reported its first ever "profit" in 2007[5] although it receives government subsidies.[6] 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.[7]

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.[6]

Contents

Statistics (2009)

History

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

Rail links to adjacent countries

Freight services

ČD Cargo division is mainly focused on raw materials, intermediate goods and containers transport. Products transport is few flexible and competitive. Nevertheless ČD is fifth largest railway cargo operator in Europe.

Rolling stock

See also

References

  1. ^ a b c d e f g h Annual Report of the České dráhy, a.s. for the Year 2010, auditor Deloitte Audit s.r.o.
  2. ^ Recalculated using average exchange rates for calendar year 2010 published by the Czech National Bank. CZK/EUR 25.290, CZK/USD 19.111
  3. ^ ČD Group (České dráhy, a.s. with its consolidated subsidiaries) is the largest Czech company by the number of employees, however it is not the largest employer. For example the Ministry of Interior has more employees.
  4. ^ PhDr. Zbyněk Zlinský. "SŽDC provozovatelem dráhy". http://www.vlaky.net/zeleznice/spravy/002552-SZDC-provozovatelem-drahy.asp. Retrieved 2008-07-01. 
  5. ^ "Czech Railways Posts First Profit Ever". Prague Daily Monitor. 2008-01-14. Archived from the original on 2008-01-18. http://web.archive.org/web/20080118111550/http://www.praguemonitor.com/en/250/czech_business/17049/. Retrieved 2008-01-25. 
  6. ^ a b "Railway Gazette: Reform looks to cut costs". http://www.railwaygazette.com/nc/news/single-view/view/reform-looks-to-cut-costs.html. Retrieved 2010-12-27. 
  7. ^ Handl, Erich. "Government Approves Splitting off Passenger Transport from Czech Railways". Czech Business Weekly. Archived from the original on 2008-01-19. http://web.archive.org/web/20080119225720/http://www.cbw.cz/en/government-approves-splitting-off-passenger-transport-from-czech-railways/6599.html. Retrieved 2008-01-25. 
  8. ^ a b c d e České dráhy Group, Statistical Yearbook 2009, available online on www.cd.cz
  9. ^ "České dráhy, a.s. - About Us". Archived from the original on 2007-12-13. http://web.archive.org/web/20071213075755/http://www.cd.cz/static/eng/aboutus.htm. Retrieved 2008-01-25. 
  10. ^ "Czech Railways to Sell SkyEurope Tickets at Stations". Prague Daily Monitor. 2008-01-24. Archived from the original on 2008-01-29. http://web.archive.org/web/20080129030133/http://www.praguemonitor.com/en/258/czech_business/17588/. Retrieved 2008-01-25. 

External links