Forecast: Rail Freight Volume in Canada

Rail freight volume in Canada stood at 444.88 Billion Tonne Kilometers in 2023. Historical data highlights notable fluctuations, with a significant increase from 2013 to 2014 (7.6%) followed by a decline in 2016 (-3.87%). The period between 2020 and 2022 saw a recovery, including a notable 6.3% rise in 2022. Over the last two years, volume growth has been moderate, with 0.96% year-on-year growth in 2023. The average year-on-year growth over the last five years stands at 1.02%.

Future trends suggest steady growth, with forecasts indicating a 0.78% average annual increase, leading to a projected volume of 465.66 Billion Tonne Kilometers by 2028. Key factors to watch include changes in trade policies, infrastructure investments, and technological advancements in rail logistics.