Statistics Canada released the 2020‑2024 operating and income accounts for Canada’s railway industry. Total rail operating revenues rose from $1,113.3 billion in 2020 to $1,673.97 billion in 2024. Freight revenue grew from $923.49 billion to $1,434.5 billion, while passenger revenue fluctuated, reaching $10.275 billion in 2024. All other operating revenues increased from $179.059 billion in 2020 to $229.195 billion in 2024. Total operating expenses climbed from $837.045 billion to $1,288.444 billion, with ways and structures, equipment, and general expenses contributing significantly. Net rail operating income improved from $276.274 billion in 2020 to $385.527 billion in 2024. However, net income for the year declined from $265.071 billion to $199.42 billion in 2024, overall, in that period.
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