The Class I Railroad Locomotive Fleet in the US is forecasted to experience steady growth. By 2024, the fleet is anticipated to reach 29,070 locomotives, up from approximately 28,770 in 2023, marking a 1.04% year-on-year growth. Over the next few years, an annual increase of around 1% is expected, culminating in an estimated 30,260 locomotives by 2028. The projected compound annual growth rate (CAGR) from 2023 to 2028 is around 1.02% per annum, reflecting consistent fleet expansion.
Future trends to watch for include the integration of green technologies and increased automation within the locomotive industry, as well as possible regulatory influences on fleet expansion and updates.
