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1/3/2020



Rail News: Rail Industry Trends

Railway Association of Canada's annual report highlights record carloads, trips in 2018


"Canadian railways are now fully recovered from the great global recession of 2008-09, ," said RAC CEO Marc Brazeau.
Photo – railcan.ca

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The Railway Association of Canada (RAC) earlier this week released its latest "Rail Trends" report, noting that Canadian railroads have recovered from the global recession of 2008-2009.

The report provides an annual snapshot of the railroads' performance against the past 10 years of data. The 2019 document reflects data through the end of 2018, RAC officials said in a press release.

Key takeaways from the new report include:
• Canadian railroads originated a record number of carloads in 2018 at 6.1 million, with labor productivity above the five-year average;
• RAC passenger railroad members posted a record 88.1 million passenger trips in 2018;
• Freight carriers increased fuel efficiency by more than 23 percent in the last decade;
• The freight accident rate in 2018 was among the lowest on record, and passenger railroads maintained an accident rate of less than one per million travelers for the seventh consecutive year; and
• RAC members invested almost CA$2.4 billion in Canada’s rail networks.

“This year’s 'Rail Trends' report shows that Canadian railways are now fully recovered from the great global recession of 2008-09, the worst economic shock since the Great Depression," said Marc Brazeau, RAC's president and chief executive officer.

Data for 2019 will be reported in the 2020 "Rail Trends" report.
 



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