Indian railways see 10.07% growth in freight loading in June 2024

Indian Railways has reported a substantial increase in its freight operations for June 2024, achieving an originating freight loading of 135.46 million tonnes (MT) compared to 123.06 MT in June 2023. This marks an improvement of approximately 10.07 per cent over the previous year.

In terms of revenue, Indian Railways earned ₹147.98 billion (approximately $1.77 billion) from freight loading in June 2024, up from ₹133.16 billion in June 2023. This represents an increase of about 11.12 per cent, demonstrating robust growth in the sector, the Ministry of Railways said in a press release.

Freight loading saw a rise of 12.40 MT compared to the same period last year, reflecting the continued strength and efficiency of Indian Railways' freight operations. The increase in freight earnings amounted to ₹14.81 billion over the same period last year, highlighting the financial gains from improved loading volumes.

Breaking down the freight loading figures for June 2024, Indian Railways achieved 60.27 MT in coal (excluding imported coal), 8.82 MT in imported coal, and 10.06 MT in balance other goods.

Fibre2Fashion News Desk (DP)