From 2013 to 2023, the volume of goods transported by railways in Canada showed fluctuating trends, reaching 444.41 billion tonne-kilometers in 2023. The year-on-year variation from 2022 to 2023 was a 1.61% increase. The compound annual growth rate (CAGR) for the past five years stands at -0.051%, signifying overall stagnation in growth during this period.
Looking forward from 2024, there is a projected positive growth trend. By 2028, the volume is expected to reach 478.52 billion tonne-kilometers, with a forecasted 5-year CAGR of 1.18%, indicating modest growth. Key trends to monitor include technological advancements in railway logistics, shifts in global trade patterns, and changes in the regulatory environment.
