Indian Railways’ freight loading registered a 6.37 per cent growth in January year-on-year, indicating a pick-up in economic activity after two subdued months.
Since transportation is a derived demand, it is an early indicator of economic activity. Key commodities moved by the Railways are coal, steel and iron ore, cement, fertiliser and petroleum products.
In January, the Railways moved 92.57 million tonnes (mt) freight, which is 5.54 mt over the actual freight traffic carried by the Railways during the same period last year.
In December 2012, the Railways transported 88.19 mt cargo, showing an increase of 1.64 per cent year-on-year.
In November 2012, freight movement by the Railways registered a 0.76 per cent growth.
The Railways carried 827.90 mt of revenue earning freight traffic during April 2012-January 2013, registering an increase of 4.55 per cent growth on a year-on-year basis.