RAILWAYS

Railways’ freight loading in June inches towards the same level last year

Indian Railways’ freight loading in the first three weeks of June has recovered from the adverse impact of Cvid-19 triggered lockdown, according to its top officials.

In the first 18 days of June, freight traffic by the Indian Railways recovered to the extent of 90 per cent on a year-on-year basis, Indian Railways’ Chairman Vinod Kumar Yadav said in a webinar on Friday. Demand for commodities such as coal, cement, fertiliser, steel and iron-ore has picked up, which clearly indicates that economic activity is picking up, he said. The foodgrain movement has almost doubled. He added that Indian Railway is now moving towards normal loading pattern.

Indian Railways expects to clock more revenue through freight movement this (financial) year (as against last financial year), the Chairman said. In the passenger segment, we get around ₹50,000 crore, and in freight segment we get around ₹1,30,000 crore (a year), he said.

Source
the hindu businessline
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