Railways’ freight loading & revenue up again
On mission mode, Indian Railways’ freight loading for the first eight months of financial year 2022-23 crossed last year’s loading and earnings for the same period.
On cumulative basis, during April-Nov. 2022, freight loading of 978.72 MT was achieved against last year’s loading of 903.16 MT during the same period, an improvement of 8%. Railways earned Rs 1,05,905 crore against Rs 91,127 crore, up 16% as compared to the same period of last year.
During November 2022, originating freight loading of 123.9 MT was achieved against loading of 116.96 MT in Nov. 2021, an improvement of 5%. Freight revenue was Rs 13,560 crore against Rs 12,206 crore, an increase of 11%.
Following the mantra “Hungry for Cargo”, IR has made sustained efforts to improve ease of doing business as well as service delivery at competitive rates, which has resulted in new traffic coming from both conventional and non-conventional commodity streams. The customer-centric approach and work of Business Development Units, backed by agile policymaking, helped Railways in this landmark achievement, emphasised a release.
Source: Exim News Service: New Delhi, Dec. 1