Rail Transportation in Canada - Industry Market Research Report

Rail Transportation in Canada - Industry Market Research Report

  • June 2020 •
  • 35 pages •
  • Report ID: 4248833 •
  • Format: PDF
Fully trained: The recovery of total trade value is expected to result in industry expansion

Abstract

Rail Transportation in Canada
The Rail Transportation industry in Canada is emerging as a mainstay in Canadian freight transportation. Two-fifths of Canada’s rail traffic moves transborder and overseas, while one-sixth of Canada’s exports rely on rail transportation. Given this strong connection to trade volumes, the recovery of total trade value has significantly bolstered industry revenue and profit. As the Canadian economy has continued to expand during the five-year period, consumers have become increasingly willing to purchase commercial goods. However, fuel prices have remained a constant concern for industry operators, both as a purchase cost and a potential revenue stream. Though IBISWorld projects the world price of crude oil to increase over the five years to 2024, it will likely remain well below pre-2014 levels. When the price of oil remains low, competition for freight transportation tends to intensify as road freight options become more attractive.

Operators in the Rail Transportation industry in Canada primarily manage railways, including long-haul or mainline railways, short-haul railways and passenger railways. This industry excludes the operation of street railways, tourist and scenic trains, urban rapid transit and switching and terminal railways.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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