Indian Railways reports 15% freight, 9% earnings YoY surge in Oct 2020
November 2, 2020: In the month of October 2020, Indian Railways loaded 108.16 million tonnes of freight which is 15 percent higher compared to last year’s loading 93.75 million tonnes for the same period.
Ministry of Railways has held meetings with the top leadership of iron " steel, cement, power, coal, automobiles and logistics service providers to strengthen and further boost the freight business.
November 2, 2020: In the month of October 2020, Indian Railways loaded 108.16 million tonnes of freight which is 15 percent higher compared to last year’s loading of 93.75 million tonnes for the same period.
This includes 46.97 million tonnes of coal, 14.68 million tonnes of iron ore, 5.03 million tonnes of food grains, 5.93 million tonnes of fertilizers and 6.62 million tonnes of cement (excluding clinker).
In this period Indian Railways earned ₹10405.12 crore from freight loading which is also ₹868.90 crore (9 percent) higher compared to last year’s earnings of ₹9536.22 crore for the same period.
“It may be noted that improvements in freight movements will be institutionalized and incorporated in the upcoming zero-based time table,” noted the release.
Also, to attract new business and incentivise other existing clients, ministry of railways has held meetings with the top leadership of iron & steel, cement, power, coal, automobiles and logistics service providers.
Business development units at zonal & divisional levels and the near doubling of freight speed is contributing to sustainable growth momentum in spite of blocked freight services in Punjab.
Freight Operations Touching New Heights: October witnessed a remarkable increase of 1⃣5⃣% in freight loading, compared to same period last year.
— Piyush Goyal (@PiyushGoyal) November 1, 2020
Indian Railways has become the engine of growth & prosperity under Modi Govt.
Dial 139 to transport cargo!#MoveItLikeRailways pic.twitter.com/7RIzSQ5UNb
