In 2023, the length of railway tracks in Canada stood at 60.98 thousand kilometers. The forecasted data from 2024 to 2028 shows a slight but steady decline in track length. Specifically, the year-on-year variations indicate a reduction of approximately 0.26% annually. The cumulative average growth rate (CAGR) over the five-year forecast period is around -0.30% per year.
Based on these trends, future points to monitor include:
- Potential investments in new rail infrastructure or maintenance projects
- Technological advancements in rail transportation that could affect railway capacity without linear expansion
- Policy and regulatory changes impacting the rail industry's growth and operational efficiency