The analysis of goods transported by railway in the UK reveals a declining trend from 22.4 billion tonne kilometers in 2013 to 15.82 billion tonne kilometers in 2023. The year-on-year variation indicates a consistent negative growth, with an annual decrease ranging between 0.23% to 12.65%. Over the last five years, the compounded annual growth rate (CAGR) stood at -1.67%, reflecting a continuous downturn in railway freight transport volume.
Future trends to watch for:
- Technological advancements in logistics and railway systems.- Potential environmental policies promoting railway over road transport.- Economic factors impacting industrial production and supply chain dynamics.- Investment in infrastructure upgrades for railway networks.