Railways register over 15% rise in freight loading compared to last year

(File/Representational image)

New Delhi (NVI): Indian Railways registered freight loading of 108.16 million tonnes in October 2020, which is 15 per cent higher compare to last year’s during the same period, the Railway Ministry said.

“On mission mode, Indian Railway’s Freight loading for the month of October 2020 crossed last year’s loading and earnings for the same period. In the month of October, Railways loading was 108.16 million tonnes which is 15 per cent higher compare to last year’s loading for the same period (93.75 million tonnes),” the Ministry of Railways said in a statement.

During this period, Indian Railways earned Rs 10,405.12 crores from freight loading which is also Rs 868.90 crore (9 per cent) higher compared with the last year’s earnings of Rs 9,536.22 crore.

The loading of 108.16 million tonnes ferried, included 46.97 million tonnes of coal, 14.68 million tonnes of iron ore, 5.03 million tonnes of foodgrains, 5.93 million tonnes of fertilizers and 6.62 million tonnes of cement (excluding clinker).

Notably, a number of concessions and discounts are also being given by Railways to make freight movement on rails very attractive, the ministry said.

“Improvements in freight movements will be institutionalized and incorporated in the upcoming zero based time table,” it added.

Meanwhile, to attract new business and incentivise other existing clients, Ministry of Railways has held meetings with top leadership of iron and steel, cement, power, coal, automobiles and logistics service providers.

Also, business development units at zonal and divisional levels and near doubling of freight speed is contributing to sustainable growth momentum inspite of blocked freight services in Punjab, the ministry said.

It added that coronavirus pandemic has been used by Railways with an opportunity to improve all round efficiencies and performances.

-RJV