The volume of rail freight transport in Canada was 413.48 Billion Tonne Kilometers in 2023, closing a period of relative fluctuations over the last decade. From a peak in 2018 and 2019, we observed a slight decrease until 2022, followed by a small recovery in 2023. The last five years saw a negative compound annual growth rate (CAGR) of -1.48%. Moving forward, forecasts predict a gradual increase, resulting in a 1.26% average annual growth rate through 2028, reaching 447.58 Billion Tonne Kilometers, reflecting an overall growth of 6.46% from 2023.

Future trends to watch for:

Infrastructure investments and technological advancements in rail systems
Economic factors affecting trade and transport demands
Environmental regulations and shifts towards more sustainable transport operations