In 2023, the freight car-kilometres in Canada were recorded at a value of approximately 11.630 billion kilometers. Forecasted data shows a steady year-on-year increase from 2024 to 2028. Between 2024 and 2025, the increase is 0.85%, followed by another 0.82% up to 2026, continuing with 0.81% up to 2027, and finally 0.80% up to 2028. The compound annual growth rate (CAGR) for this period is projected to be around 0.84% annually.
Future trends to watch for include:
- Technological advancements in freight rail operations improving efficiency.
- Evolving environmental regulations potentially affecting rail freight demand.
- Shifts in global trade patterns impacting freight volumes.
