Ceské dráhy (CD) or
Czech Railways is the main
railway operator in the
Czech Republic. In 2014 its consolidated revenues reached CZK 33 billion. Revenues from
passenger transport amounted to CZK 21 billion (64% transfer payments from the government, 25% intrastate transport, 11% international transport), revenues from
freight transport operated by subsidiary
CD Cargo amounted to CZK 12 billion. With twenty-four thousand employees CD Group is the fifth largest Czech company by the number of employees. The liabilities of CD Group increased from CZK 19 billion at the end of 2006 to CZK 51 billion at the end of 2014.