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Blog Entry# 1970811  
Posted: Aug 23 2016 (20:45)

11 Responses
Last Response: Aug 24 2016 (00:54)
Rail News
IR Affairs
Aug 23 2016 (20:44)   Indian Railways increases freight rates by up to 19%

DhnEcr~   42 news posts
Entry# 1970811   News Entry# 277937         Tags   Past Edits
In order to step up its revenue, Suresh Prabhu-led Indian Railways has increased the freight rates by up to 19%. Indian Railways’ freight revenue in the first quarter of the current financial year declined by 10.3% to Rs 25,503 crore compared to the year-ago period. This was on account of flat growth in freight loading. For the entire of FY17, Indian Railways has set a very modest growth target at 5.4%. This factors in sops designed to attract fresh customers. In Q1 last year, the growth in freight was 15% and for the whole of FY16, 7.7%.
national behemoths’ freight loading witnessed a modest (0.46%) decline in Q1, reflecting the continued sluggishness in investment in the economy and industrial production, as opposed to the budgeted growth of 4.51% for FY17, as tonnage of key commodities like coal, cement, foodgrains and fertilisers declined. As against the loading target of the April-June period, the achievement was lower by 7.3%.
In fact, rail freight growth stayed negative in June, though better than the record lows in April, coming at -5% year-on-year. Tonnage, however, grew an annual 3% after seven months of declines, giving some credence to Indian Railways’ claim that a turnaround is round the corner. The transporter, which has been announcing a slew of new freight rationalising schemes, saw freight loading for pig iron and finished steel, iron ore and container traffic grew by 4%, 12% and 0.34%, respectively in Q1.

6 posts - Tue Aug 23, 2016

Aug 23 2016 (21:58)
Congrats Kuldeep Brilliant HatTrick^~   85570 blog posts   5305 correct pred (78% accurate)
Re# 1970811-7            Tags   Past Edits
dont forget SER pls .. SER also has huge freight earning and hence profits.

Aug 24 2016 (00:18)
Obi Wan has taught you well~   3109 blog posts   1455 correct pred (72% accurate)
Re# 1970811-8            Tags   Past Edits
don't know how it slipped out of my mind, now edited my original reply :)

Aug 24 2016 (00:27)
©The Dark Lord™~   8303 blog posts   2 correct pred (67% accurate)
Re# 1970811-9            Tags   Past Edits
NER, ER & NFR are worst performers having operating ratios even greater than 150%.

Aug 24 2016 (00:49)
Obi Wan has taught you well~   3109 blog posts   1455 correct pred (72% accurate)
Re# 1970811-10            Tags   Past Edits
yep. should edit my original blog again and change CR to ECR :P
source: click here

Aug 24 2016 (00:54)
©The Dark Lord™~   8303 blog posts   2 correct pred (67% accurate)
Re# 1970811-11            Tags   Past Edits
People just underestimate ECR..:P

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