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12/28/2022
Canadian freight railroads transported half of the country’s exports in 2021, a total that amounted to CA$350 billion worth of goods, the Railway Association of Canada revealed in its latest Rail Trends report.
The annual report is a rolling 10-year review of the railroads' financial and statistical results.
The railroads and their employees demonstrated resilience in 2021, as the global pandemic continued to impact rail operations and severe weather events linked to climate change tested disaster mitigation and emergency preparedness plans, the 2022 report states.
Despite the challenges, Canada’s Class Is maintained an average terminal dwell time of 7.6 hours, RAC reported.
"This report underscores that rail is a backbone of Canada’s economy and a strong and healthy link in Canadian supply chains," said RAC President and CEO Marc Brazeau in a press release.
Other 2021 highlights in the 30th edition of the report include:• Railways set another consecutive record in the safe transportation of dangerous goods, reducing the dangerous goods accident rate by 6.9% compared to 2020. In 2021, the total number of railway accidents was 2.6% below the 2016-2020 average;• Canadian freight-rail rates remained lower than rates in the United States;• Railways invested $2.3 billion into their Canadian assets; and• Employment increased 3% to 34,318 employees.
To read the entire 2022 report, click here. Data for 2022 will be included in next year’s report.