The national rail freight transport volume in the UK is forecasted to decline from 15.37 billion tonne kilometers in 2024 to 14.42 billion tonne kilometers in 2028. This represents a notable annual percentage decrease, indicating a contraction in the rail freight sector over the five-year period. The Compound Annual Growth Rate (CAGR) further aligns with this downtrend, showcasing reduced activity compared to 2023 levels.
Future trends to watch :
- Infrastructure improvements that may boost efficiency and capacity.
- Policy changes or environmental regulations influencing rail transport popularity.
- Technological advancements potentially reversing the downtrend in rail freight.