PKP Cargo eliminates wagons as part of restructuring

PKP Cargo has listed 10,360 freight wagons for sale, prohibiting any reuse or disassembly for parts — they can only be scrapped. This is reported by the railway transport news portal Railway Supply.

This move is part of a large-scale anti-crisis strategy aimed at reducing losses. However, the decision sparked criticism, as even relatively new wagons are being scrapped.

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Critics claim that PKP Cargo is disposing of rolling stock under 20 years old, including some wagons that were never used.

The company confirmed that 103 wagons produced between 2005 and 2008 are included. However, PKP Cargo emphasized that these represent less than 1% of the total offered.

The situation worsened as revenue dropped by 18.8% in 2024 compared to 2023. EBITDA fell from $270 million to around $75 million.

PKP Cargo reduces costs and staff

Due to mounting losses, the company announced major staff reductions. In Q1 2025, payroll expenses dropped from $130 million to $102 million.

As a result, the net loss decreased from $29.4 million to $12.1 million, allowing PKP Cargo to stabilize and start preparing for a broader restructuring.

PKP Cargo plans to update its business strategy

The company is now working on a new long-term strategy to adapt to declining demand and growing market competition.

Management states that all future actions aim to boost operational efficiency and ensure financial sustainability.

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