Indian Railway's cumulative freight revenue has surged to reach at Rs 98068.45 crore on a cumulative basis as compared to Rs 97342.14 cr collected last year.
A senior Indian Railways official said that it has overtaken last years freight revenue figures by five per cent in first 12 days of February.
On a monthly basis, Railway freight revenue has surged Rs 206 crore ahead in February 2021 compared to corresponding period February last year, he said.
As per the estimates, Railways freight revenue stood at Rs 4571 cr for the first 12 days of Feb as compared to Rs 4365 cr for the same period last financial year.
Incidentally loading is also ahead by almost eight percent as compared to last year same corresponding. Railways has achieved this turnaround due to an extra ordinary set of new initiatives being taken in improving business development, incentives, speed and customisation.
It may be noted that freight loading has been showing higher figures since August 20 as compared to corresponding period of previous financial year.
"This is for the first time post Covid lock down that freight revenue for the month has also been showing higher estimates as compared to last corresponding. Higher Freight revenue for the month is a great signal of an all round economic recovery that is sweeping the country and speaks volumes about the new management initiatives being taken in Railways to boost business and further improve freight operations," he added.