Indian Railways bets on rise in freight traffic and earnings from it; details here


Indian Railways bets on rise in freight traffic and earnings from it; details here

Indian Railways looks to earn big from freight traffic! Over the past three years, freight traffic and Indian Railways’ earning from it have shown an upward trend, Railway Minister Piyush Goyal has said.

While replying to a question in Lok Sabha, the Railway Minister said that the freight loading in the financial year 2018-2019 was 1,221.39 million tonnes, while the earnings were Rs 1.27 lakh crore. In the year 2017-2018, the national transporter loaded 1159.55 metric tonne goods, earning an amount of Rs 1.17 lakh crore from it. The previous year, the loading was 1106.15 metric tonne, while the earnings were Rs 1.04 lakh crore, Goyal said.

The minister was quoted in a PTI report saying that focused investments for augmenting transportation capacities of the national transporter on major freight routes are currently being undertaken in order to facilitate higher freight volumes. Read More

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