Freight figures continue to maintain the high momentum in terms of earnings and loading in the month of October 2020 for Indian Railways.
In the month of October 2020, Indian Railway’s 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). In this period Indian Railways earned Rs 10,405.12 crore from freight loading which is also Rs 868.90 crore (9 per cent) higher compare to last year’s earnings for the same period (Rs 9536.22 crore).
It is worth mentioning that a number of discounts are also being given in Indian Railways to make freight movement very attractive.
It may be noted that improvements in freight movements will be institutionalized and incorporated in the upcoming zero based time table. “Also, 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,” railways said in a statement.
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, he said.