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Rail freight earning down 11%; loading close pre-covid level in July

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₹8,969 crore, with loading witnessing de-growth of 4.6% during the same period to 95.2 million tonne (MT), official data showed.However, sequentially, freight earning as well as loading was up nearly 2%.

Railway ministry officials said that said that demand is picking up with economic activity getting back to pre-covid-19 days.A senior government said that freight loading picked up in the last week of July and the trend is expected to continue in August.

For instance, on July 28 loading was up 19% on year to 3.29 MT, while revenue was up 5% on year to ₹308.4 crore.However, during the first four of the financial year, earnings continued to remain subdued to due the disruption caused by coronavirus.

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