VIA Rail Canada’s third-quarter 2020 results include an 86% drop in rider revenue and 82% decrease in ridership from the same period last year due to the pandemic. Total revenues for 3Q20 fell 84%, on a 79% reduction in capacity as travel demand plummeted. Total operating expenses decreased by 27.5%. (See chart below.)
Software company SISCOG has released a case study that highlights the financial and management advantages of VIA Rail’s decision-support and optimization system, which includes savings of C$10 million.
Canada’s federal government will help fund replacement of VIA Rail locomotives and rolling stock on the country’s most heavily-traveled passenger rail corridor.