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Thursday, September 20, 2012

300 freight trains idling in yards for want of cargo


About 300 freight trains are parked in sheds because they have no cargo to carry. This is despite the over 20 per cent growth in freight earnings in the first five months of this fiscal. Usually, only 150 rakes are parked during the July-September quarter, the “lean season”.
Hit by slowdown, the growth rate of cargo volume has dipped or fallen sharply for items such as cement, pig iron and finished steel, and petroleum products. In August, cement loading saw a 12 per cent fall, while pig iron and finished steel movement dipped over 2 per cent. Fertiliser movement slid by over 3 per cent

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