From 2013 to 2023, the volume of rail containers transport in Canada exhibited a general upward trend, fluctuating due to various market conditions. In 2023, the rail container volume stood at 37.73 million metric tons, marking a 2.51% year-on-year increase from 2022. Over the last five years, the compound annual growth rate (CAGR) was relatively modest at 0.76%, reflective of some volatility and the impacts of the COVID-19 pandemic, especially notable in 2020.
Starting from 2024, the forecasts predict a steady upward trend with a CAGR of 1.52% over the next five years. By 2028, the rail container volume is expected to reach around 41.51 million metric tons, indicating an overall growth of 7.82% from 2023.
Future trends to watch for:
- Technological advancements in rail transport and logistics
- Infrastructure investments and potential expansions
- Impacts of global trade dynamics and supply chain shifts
- Environmental policies and regulations affecting the rail transport sector
