Business Standard

Freight

Railways witnesses 10% increase in freight loading in June, shows data

Freight volumes for the national transporter, Indian Railways, had contracted year-on-year for the first time since the coronavirus outbreak in June 2023

Railways witnesses 10% increase in freight loading in June, shows data
Updated On : 02 Jul 2024 | 10:17 PM IST

Ocean freight rates in rough waters on congestion, Red Sea crisis

The Drewry World Container Index (WCI) increased 2 per cent to $4,801 per 40ft container this week and increased 202 per cent when compared with the same week last year

Ocean freight rates in rough waters on congestion, Red Sea crisis
Updated On : 14 Jun 2024 | 10:53 PM IST

Trade strains boost cargo freights at pace recalling Covid 'chaos'

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism

Trade strains boost cargo freights at pace recalling Covid 'chaos'
Updated On : 27 May 2024 | 11:14 PM IST

Two trains with petrol, diesel head to Tripura on Saturday amid fuel crisis

Two trains with petrol and diesel headed to Tripura on Saturday amid a fuel crisis due to disruption in railway freight services in Assam's Dima Hasao, an official said. Goods train services have been disrupted on the line since April 26, following the derailment of a freight train in Jatinga area of Dima Hasao. However, passenger train services remained normal. "Two trains carried petrol and diesel today. Three-four days back, we had sent another freight train with essential commodities like sugar and edible oil," North East Frontier Railway spokesperson Sabyasachi De told PTI. One of the trains has 49 wagons and is heading to Dharmanagar in Tripura, he said. The other train has 50 wagons, of which 25 were meant for Dharmanagar and 25 for Silchar in Assam, he added. De said work on the restoration of the tracks was underway. "We could send the two trains today as there was no rain for the last two-three days. The restoration work depends on how the weather is. We are trying our

Two trains with petrol, diesel head to Tripura on Saturday amid fuel crisis
Updated On : 11 May 2024 | 9:43 PM IST
Updated On : 05 May 2024 | 1:10 PM IST

Fall in other goods freight may put Railways 2030 target off track

Experts say the ministry should target unconventional sectors more aggressively

Fall in other goods freight may put Railways 2030 target off track
Updated On : 02 Apr 2024 | 10:27 PM IST

Airlines witness dip in use of freight-carrying capacity in January

Passenger load factor also sees decline after year-end jump

Airlines witness dip in use of freight-carrying capacity in January
Updated On : 20 Feb 2024 | 1:06 PM IST

Railway freight earnings second-highest since Covid, quantity carried grows

Nearly half the goods transported is coal; share of food grains declines

Railway freight earnings second-highest since Covid, quantity carried grows
Updated On : 23 Jan 2024 | 10:25 PM IST

Sunflower oil imports to falter as Red Sea attacks lift freight costs

The world's biggest sunflower oil buyer typically sources most of its imports from the Black Sea region via the Red Sea

Sunflower oil imports to falter as Red Sea attacks lift freight costs
Updated On : 23 Jan 2024 | 4:27 PM IST

Shipping firms brace for vigilance, price shocks over Red Sea situation

Ocean freight 10% costlier, shippers brace for further setback

Shipping firms brace for vigilance, price shocks over Red Sea situation
Updated On : 18 Dec 2023 | 11:39 PM IST

Waltair Division breaks Nov loading records, crosses 1,700 loading barrier

The Waltair Division is one of three railway divisions in the East Coast Railway zone. In 2020-21, the division loaded 61.17 million tonnes

Waltair Division breaks Nov loading records, crosses 1,700 loading barrier
Updated On : 03 Dec 2023 | 2:35 PM IST

Railway ministry raises freight rates for transportation of automobiles

Short-distance rates see major rise in modern auto-carrier wagons

Railway ministry raises freight rates for transportation of automobiles
Updated On : 01 Dec 2023 | 11:03 PM IST

Why Indian Railways needs to evolve new business plan and revisit pricing

The Railways' profitable freight business is losing ground to the competition, while meeting pent-up passenger demand will mean more losses, notes T N Ninan

Why Indian Railways needs to evolve new business plan and revisit pricing
Updated On : 24 Nov 2023 | 7:10 PM IST

Agile policy helped increase freight earnings by Rs 2,706 cr: Railways

The Indian Railways achieved freight loading of 758.2 MT between April and September as against the 736.68 MT recorded in the corresponding period last year, which is an improvement of 21.52 MT. "Railways have earned Rs 81,697 crore against Rs 78,991 crore over the last year, which is an improvement of approximately Rs 2,706 crore as compared to the same period of the last year," the railway ministry said in a statement. "During the month of September 2023, originating freight loading of 123.53 MT has been achieved against loading of 115.8 MT in September 2022, which is an improvement of approximately 6.67 per cent over the last year," it added. The increase in freight loading has translated into an increase in the railways' revenue as it achieved freight revenue of Rs 12,956.95 crore in September 2023 as against the Rs 12,332.7 crore freight earnings in September 2022, thereby showing an improvement of about 5.06 per cent. "Indian Railways achieved loading of 59.7 MT in coal, 14.2

Agile policy helped increase freight earnings by Rs 2,706 cr: Railways
Updated On : 03 Oct 2023 | 10:12 PM IST

Govt exempts 5% integrated GST on ocean freight imports from October 1

The government has exempted payments made for goods imported through ocean freight from 5 per cent integrated GST with effect from October 1. The Finance Ministry has notified changes to the IGST Act with regard to payment of integrated GST on 'ocean freight' on imported goods with effect from October 1. Currently, importers are required to pay 5 per cent GST under the Reverse Charge Mechanism. KPMG Indirect Tax Head & Partner Abhishek Jain said the amendments proposed are aligned with the apex court's ruling in the case of Mohit Minerals and help explicitly mention the government's alignment to the position. "While this has been issued prospectively, the industry has been seeking and successfully claiming refund of taxes already paid for the past period, where credit has not been availed," Jain added. Giving its ruling in the Mohit Minerals case, the Supreme Court in May last year had held that since the Indian importer is liable to pay IGST on the 'composite supply', comprising

Govt exempts 5% integrated GST on ocean freight imports from October 1
Updated On : 27 Sep 2023 | 7:42 PM IST

Railways achieve freight loading of 634.66 MT between Apr 1 and Aug 31

In the same period, Cement loading is 63.29 MT over 59.44 MT achieved in the corresponding period of last year, which shows growth of 6.48 per cent, Northern Railways said

Railways achieve freight loading of 634.66 MT between Apr 1 and Aug 31
Updated On : 03 Sep 2023 | 12:24 AM IST

Top headlines: Rail freight's 1st dip after Covid, Kharif sowing falls 9%

Business Standard brings you the top headlines at this hour

Top headlines: Rail freight's 1st dip after Covid, Kharif sowing falls 9%
Updated On : 08 Jul 2023 | 7:16 AM IST

Air India mulls inducting freighters to scale up its cargo business

Air India does not currently have any freighters, unlike IndiGo and SpiceJet; all the cargo it transports is carried in the belly space of its passenger planes

Air India mulls inducting freighters to scale up its cargo business
Updated On : 16 Apr 2023 | 10:14 PM IST

Railways introduces HSN codes to stem losses from commodity transport

It's a bid to stem losses from misdeclaration of goods

Railways introduces HSN codes to stem losses from commodity transport
Updated On : 13 Apr 2023 | 10:24 PM IST

Taking a look at some high-frequency indicators for January-February

CEA V Anantha Nageswaran had said that to get to 7 percent GDP growth in FY23, the January-March quarter will have to register a 5.1% real GDP growth

Taking a look at some high-frequency indicators for January-February
Updated On : 21 Mar 2023 | 6:13 PM IST