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With key reforms just announced by the rail ministry to boost freight traffic yet to show any impact, Indian Railways seems set to continue with the last financial year’s dismal performance on freight transportation this financial year as well. Total freight earnings declined 13 per cent to Rs 16,836 crore in the first two months of the current financial year from Rs 19,286 crore in the corresponding year-ago period. Major commodities that have witnessed drop include coal, which alone accounts for 50 per cent of Railways’ total loading, cement and fertiliser, even as iron ore and food grains traffic registered improvement in April.
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