Canada’s rail sector rebounds
Written by Douglas John BowenThe Railway Association of Canada reported Tuesday that the nation’s rail sector has rebounded from the global economic downturn, posting solid volume growth and investing “significantly” in capacity and efficiency initiatives.
“Our sector’s 3% growth in cumulative volume of carloads through the first three quarters of 2011 from the same point last year reflects improved economic conditions and the greater responsiveness and service performance of Canada’s transportation supply chain backbone,” said Railway Association of Canada President and CEO Cliff Mackay in releasing the association’s annual report on rail performance.
“The most capital intensive sector in the economy, rail invested C$1.7billion in Canada in 2010, up C$181 million or 11.9% year-over-year,” a trend that has continued this year, the report stated.
