financetom
Economy
financetom
/
Economy
/
Average speed of goods trains nearly doubled in July: Railways
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Average speed of goods trains nearly doubled in July: Railways
Jul 29, 2020 2:02 AM

The average speed of goods trains nearly doubled in July, according to a performance report by the Indian Railways. This has resulted in faster turnaround of wagons and increased opportunity for loading, the railways said.

Share Market Live

NSE

Despite the disruption caused by the COVID-19 pandemic, the freight loading at 322 million tonnes for April to July is lower by sub-20 percent, compared to the same period last year.

According to the report, the average speed of goods trains during the period April-July 2019 was 23.2 kilometers per hour (kmph). That rose to 38.4 kmph

for April-July 2020. The average speed in July alone was 45.03 kmph, with the average speed exceeding 40 kmph on most days.

The report said that that has been an improvement in average speed across all zones, with Eastern Railways clocking 52.52 kmph.

The Railways is planning to introduce a zero-based timetable to further enable improvement in freight performance.

A zero-based time table means a complete new time table in which many trains and stoppages, found to be commercially unviable will be scrapped.

The Railways is also looking an end-to-end logistic services in its parcel business. It will gradually move away from leasing of parcel space in trains –and will introduce online booking of parcel space in trains of choice (on first-come-first-serve basis) at pre-determined freight rates. It is also planning time-tabled parcel trains.

The Zonal Railways are identifying terminals which can be converted into

dedicated parcel terminals, which will be different from passenger platforms.

The report said that more than 200 infrastructure works have been completed during the last four months, with many bottlenecks being removed.

The Railways has established Zonal/ Divisional Business Development Units to increase freight traffic and has begun work on overhauling goods shed facilities.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Falls Early Wednesday Ahead of Consumer Price Index, Federal Open Market Committee Minutes
US Dollar Falls Early Wednesday Ahead of Consumer Price Index, Federal Open Market Committee Minutes
Apr 10, 2024
07:33 AM EDT, 04/10/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Wednesday, except for a further gain against the yen, before the release of consumer price index data for March at 8:30 am ET. Both overall and core CPI are expected to rise by 0.3%, slower than 0.4% gains in February. Later, wholesale inventories...
Inflation Rises More Than Expected To 3.5% In March, Derails June Rate Cut Hopes (CORRECTED)
Inflation Rises More Than Expected To 3.5% In March, Derails June Rate Cut Hopes (CORRECTED)
Apr 10, 2024
Inflation in the United States surged again in March, surpassing economist expectations and disappointing investors who were anticipating imminent cuts in Federal Reserve interest rates. According to Wednesday’s report from the Bureau of Labor Statistics, the annual inflation rate calculated on the Consumer Price Index (CPI) rose to 3.5% last month. March Inflation Report: Key Figures The annual CPI inflation...
Fed's rate-cut confidence wobbles as inflation data misbehaves
Fed's rate-cut confidence wobbles as inflation data misbehaves
Apr 10, 2024
WASHINGTON (Reuters) - As Federal Reserve officials last year started steering the world towards possible interest rate cuts in 2024, they took heart in data showing inflation over many months had collapsed to the U.S. central bank's 2% target, evidence their policies were curbing a still too-hot economy. Since then, those downward sloping lines have reversed in an economy that...
Fed's rate-cut confidence wobbles as inflation data misbehaves
Fed's rate-cut confidence wobbles as inflation data misbehaves
Apr 10, 2024
WASHINGTON (Reuters) - As Federal Reserve officials last year started steering the world towards possible interest rate cuts in 2024, they took heart in data showing inflation over many months had collapsed to the U.S. central bank's 2% target, evidence their policies were curbing a still too-hot economy. Since then, those downward sloping lines have reversed in an economy that...
Copyright 2023-2026 - www.financetom.com All Rights Reserved