Indian Railways on Monday claimed to have recorded the best ever August Monthly freight loading of 119.32 MT in the month
A surge in demand for consumer goods during the pandemic has created major supply bottlenecks around the world, which has impacted the supply of container ships and boxes to transport cargo
Power generation also registers a surge; 20% higher than in 2019
As power plants rush to hoard coal ahead of peak summer demand, coal production and its movement has also increased
Rail ministry official says huge cut in expenditure offset falling passenger revenues; freight revenue seen driving improvement
Working from office had fallen by two-thirds at the height of the lockdown
Improved money supply helped revive the global demand. However, the demand in the domestic economy did not pick up enough
Among the commodities, coal was the worst-hit, with the sector contributing 60% to the total decline
Rates to Patna, Mumbai and Surat too went up by Rs 1,000 each to Rs 28,000, Rs 31,000 and Rs 29,000, respectively
Rates pertain to the 9-tonne pay load section for the local market in Delhi
Transporters said easy position of trucks as well as restricted cargo movements mainly pulled down freight rates
Transporters said apart from restricted cargo movements, comfortable position of trucks mainly pulled down freight rates for some centres