Freight
Indian Railways earns about 70% of its revenues from the freight traffic (Rs.686.2 billion from freight and Rs.304.6 billion from passengers in 2011-12). Most of its profits come from movement of freight. It makes a loss on passenger traffic. It deliberately keeps its passenger fares low and cross-subsidises the loss-making passenger traffic with the profit-making freight traffic.
Since the 1990s, Indian Railways has stopped single-wagon consignments and provides only full rake freight trains for goods. Most of its freight earnings come from movement of bulk goods such as coal, cement, food grains and iron ore in full rakes. It is continually losing freight traffic to road.
Read more about this topic: Indian Railways
Famous quotes containing the word freight:
“These have been wonderful years. How many happy, happy times we have traveled about together! Day and night, in stage coaches, on freight trains, over the mountains and across the prairies, hungry and tired, we have wandered. The work was sometimes hard and discouraging but those were happy and useful years.”
—Susan B. Anthony (1820–1906)
“Admire a small ship, but put your freight in a large one; for the larger the load, the greater will be the profit upon profit.”
—Hesiod (c. 8th century B.C.)
“Man, she looked as though she’d been thrown off the crummiest freight train in the world. Yet, in spite of this, I got the impression of beauty. Not the beauty of a movie actress, mind you, or the beauty you dream about when you’re with your wife. But a natural beauty. A beauty that’s almost homely because it’s so real.”
—Martin Goldsmith, and Edgar G. Ulmer. Al Roberts (Tom Neal)