Indian Railways reported its highest-ever monthly freight earnings of ₹14,100 crore in August, signaling strong momentum in cargo movement even as global trade headwinds persist.
Freight volumes climbed to 130.9 million tonnes, an 8.5% increase from 120.6 million tonnes in the same month last year. Growth was driven by coal (up 9%), finished steel (22%), fertilizers, and miscellaneous goods (31%). While mineral oil, domestic containers, and export-import containers grew at a slower pace, the broader mix reflected healthy diversification.
In FY26 so far, cumulative freight loading has risen 3.1% year-on-year to 673.6 million tonnes. During the April–June quarter, volumes grew 2% to 413 million tonnes, with revenues up 2% to ₹44,870.4 crore.
The Railways has set a freight target of 1,702.5 million tonnes for FY26, aiming for 5.2% growth over last year. With coal accounting for more than half of the freight basket, volumes are expected to rise further in the post-monsoon months, supporting stronger earnings in the second half of the year.
