Industry Railway company Net income -2 billion CZK (2013) Website ceskedrahy.cz Revenue 33 billion CZK (2013) Total equity 38 billion CZK (2013) | Key people Pavel Krtek Number of employees 24,163 (2014) Headquarters Prague, Czech Republic Total assets 86 billion CZK (2013) | |
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Type Government-owned (100%) CEO Pavel Krtek (10 Nov 2014–) Founded 1993, Prague, Czech Republic Subsidiaries ČD Cargo, Dopravní Vzdelávací Institut AS Profiles | ||
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České dráhy, often shortened to ČD (English: Czech Railways), is the main railway operator in the Czech Republic providing regional and long-distance services.
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Overview
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 ČD Group is the fifth largest Czech company by the number of employees.
Until 1 July 2008, České dráhy was the biggest employer in the Czech Republic. After experiencing regular losses and requiring government subsidies., the railway reported its first ever profit in 2007 while still receiving government compensations. 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.
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.
2015
In 2015 its consolidated revenues reached CZK 33 billion. 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.
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.