In a heartening new development, first time post Covid, Indian Railway’s cumulative Freight Revenue has surged past last year’s levels and stands at Rs 98068.45 crore as compared to Rs 97342.14 to Fy 20-21 in same corresponding.
On a month to month basis as well, in first 12 days of February, Railways has overtaken last years freight revenue figures by 5%.
On a monthly basis, Railway freight revenue has surged Rs 206 crore ahead in Feb 21 compared to corresponding period Feb last year.
As per the estimates, Railways freight revenue stood at Rs 4571 cr for the first 12 days of Feb as compared to Rs 4365 cr for the same period last FY. Incidentally loading is also ahead by almost 8% as compared to last year same corresponding.
Railways has achieved this turnaround due to an extra ordinary set of new initiatives being taken in improving business development, incentives, speed and customisation.
It may be noted that Freight loading has been showing higher figures since August 20 as compared to corresponding period of previous Financial year. This is for the First time post Covid lock down that freight revenue for the month has also been showing higher estimates as compared to last corresponding .
Higher Freight revenue for the month is a great signal of an all round economic recovery that is sweeping the country and speaks volumes about the new management initiatives being taken in Railways to boost business and further improve freight operations.