České dráhy

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 ceskedrahy.cz

České dráhy, often shortened to ČD (English: Czech Railways), is the main railway operator in the Czech Republic providing regional and long-distance services.

Overview

Railway network in the Czech Republic

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). With twenty-four thousand employees[2] ČD Group is the fifth largest Czech company by the number of employees.[3]

Until 1 July 2008, České dráhy was the biggest employer in the Czech Republic.[4] After experiencing regular losses and requiring government subsidies.,[5] the railway reported its first ever profit in 2007[6] while still receiving government compensations.[7] 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.[8]

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.[7]

In 2014 Pavel Krtek was elected Chairman of the Board of Directors.

Statistics

ČD Class 680 Pendolino long-distance train
ČD railjet long-distance train
ČD Class 471 regional train
ČD Class 844 regional train

2015

In 2015 its consolidated revenues reached CZK 33 billion.[9] Revenues from passenger transport amounted to CZK 21 billion (64% transfer payments from the government, 24% intrastate transport, 12% international transport), revenues from freight transport operated by subsidiary ČD Cargo amounted to CZK 11 billion.[9]

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.[14]

Rolling stock

See also

References

  1. 1 2 3 4 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. 1 2 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. PhDr. Zbyněk Zlinský. "SŽDC provozovatelem dráhy". Retrieved 1 July 2008.
  5. "Annual Report of České Dráhy Group for the Year 2005 (p. 10)" (PDF).
  6. "Czech Railways Posts First Profit Ever". Prague Daily Monitor. 14 January 2008. Archived from the original on 18 January 2008. Retrieved 25 January 2008.
  7. 1 2 "Railway Gazette: Reform looks to cut costs". Retrieved 27 December 2010.
  8. Handl, Erich. "Government Approves Splitting off Passenger Transport from Czech Railways". Czech Business Weekly. Archived from the original on 19 January 2008. Retrieved 25 January 2008.
  9. 1 2 3 Annual Report of České dráhy, a.s. for the Year 2013, auditor Deloitte Audit s.r.o.
  10. 1 2 3 4 5 6 7 8 České dráhy Group Statistical Yearbook 2010, available at http://www.ceskedrahy.cz/pro-investory/financni-zpravy/statisticka-rocenka/-11024/
  11. "České dráhy, a.s. - About Us". Archived from the original on 13 December 2007. Retrieved 25 January 2008.
  12. Annual report of České dráhy for 2006, assets CZK 54,4 billion, ownership equity CZK 35,7 billion
  13. "Czech Railways to Sell SkyEurope Tickets at Stations". Prague Daily Monitor. 24 January 2008. Archived from the original on 29 January 2008. Retrieved 25 January 2008.
  14. "ČD Cargo profile on their website".

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