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