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Railway freight earnings register 11% jump in October

Cement and coal segment comprises more than 50% of freight movement for Indian railways.

Earnings from goods transportation via Indian railways continued to rise in October, indicating gradual recovery in demand and an uptick in the economic activity.

Lade loading grew 18 % on year at 43.46 mt as of October 13, while earnings gamble 11% on year to ₹4,124 crores to incremental loading of all goods, including coal, fertilizers, steel, cement, and food grains, among others, official data showed.

Cement and coal segment include more than 50% of lade movement for IR. As of October 13, the national transporter carried 19.13 mt coal, compared to 17.20 mt a previous year. As much as 4.36 mt of cement was transported in October, compared to 3.28 mt. Similarly, as much as 126 automobile rakes were loaded in October, compared to 74 rakes previous year.

According to the RM, the average loading of 53,774 wagons per day was up 16.5% on year, as of October.

Freight loading and earning ease-fully picked up from August, after a sharp decline during the first quarter of the current fiscal due to the break-down caused by the outbreak of corona virus. However, conglomerate data showed that during April-September, there was a 9% year-on-year fall in lade traffic to 533 mt and 17% year-on-year fall in earnings to ₹50,185 crores, according to data released by the railway ministry.

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