Czechs and Slovaks plan freight merger
EUROPE: Czech Minister of Transport Aleš Rebícek and his Slovak counterpart ?ubomír Vážny reached an agreement to plan the merger of national freight operators CD Cargo and ZSSK Cargo on June 23.
The ministers agreed to draw up detailed plans and a timetable for the merger, setting out the steps needed and looking at future developments.
The Czech Ministry of Transport said the aim is to strengthen the rail operators in the face of ongoing European consolidation; the merger would create the third largest rail freight operator in Europe, after DB and Poland's PKP.
ZSSK Cargo was created in 2005, and CD's freight division was spun off as CD Cargo in 2007.
|Year||CD Cargo||ZSSK Cargo|
|million tonnes||million tonne-km||million tonnes||million tonne-km|
|2006||89|| 16 396||50||9 703|
|2007||91|| 16 961||49||9 331|