Snapshot
Freight loading for the first seven months of financial year 2022-23 has exceeded last year’s loading and earnings for the same period.
Continuing with the growth trajectory, earnings of Indian Railways from freight have gone up significantly with more loadings than the previous year.
According to the railways, freight loading for the first seven months of financial year 2022-23 has exceeded last year’s loading and earnings for the same period.
On a cumulative basis from April to October this year, freight loading of 855.63 million tonnes (MT) has been achieved against last year’s loading of 786.2 MT, an improvement of about 9 per cent over last year’s loading.
Indian Railways has earned Rs 92,345 crore against Rs 78,921 crore last year, which is an improvement of 17 per cent.
During the month of October 2022, freight loading of 118.94 MT has been achieved against the loading of 117.34 MT in October 2021, which is an improvement of 1.4 per cent over last year.
Freight revenue of Rs 13,353 crore has been achieved against Rs 12,313 crore freight earnings in October 2021, thereby an improvement of 8 per cent over last year.
Following the mantra, ‘Hungry For Cargo’, Indian Railways has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices which has resulted in new traffic coming to railways from both conventional and non-conventional commodity streams.
The customer centric approach and work of business development units backed up by agile policy making helped the railways towards this landmark achievement.