Canada’s national passenger rail carrier, VIA Rail Canada, has reported significant revenue and passenger growth in 2024. It has also launched a long-term strategy and modernization plan to future-proof the country’s rail network and fleet. These developments reflect a steady recovery in demand for rail travel across the country.
Significant Increase in Revenue and Passenger Volume
VIA Rail Canada delivered strong financial performance in fiscal 2024. Total revenue for the company is $2023 million compared to $316 million in XNUMX an increase of 11,5 percent to $351 million This growth is a direct reflection of the increasing demand for passenger train services.
In parallel with the revenue growth, there has also been a significant increase in passenger volume. VIA Rail Canada aims to increase its total 4,4 million passengers This figure is higher than the previous year. an increase of 6,6 percent As rail travel continues to recover across the country, demand for VIA Rail has increased steadily.
VIAction 2030 and Modernization Plan Introduced
The year 2024 has been a year full of not only financial successes but also strategic moves for VIA Rail Canada. The company has unveiled its new strategic framework, which aims to comprehensively improve service quality, customer experience and network sustainability. VIAction 2030 This long-term plan prioritizes innovation and sustainable investments in rail transport.
One of the most critical components of VIAction 2030 is the modernization of the national fleet. The Canadian government has approved funding to replace VIA Rail’s aging entire Canadian fleet. This important initiative is a cleaner technology, improved reliability and future-proof infrastructure The modernization will not only provide a better experience for passengers, but will also increase operational efficiency and reduce the environmental footprint.
Operational Challenges and Infrastructure Constraints
Despite all this positive momentum, VIA Rail Canada has also faced some operational challenges. The company, particularly Major service outages on Quebec City-Windsor corridor In late 2024, regulatory restrictions and infrastructure limitations negatively impacted on-time performance on key routes.
In early 2025, problems with delays escalated. VIA Rail is responsible for these delays. Canadian National Railway (CN) CN allegedly reduced schedule efficiency by imposing speed restrictions on VIA-operated trains along shared lines. Such infrastructure and host rail restrictions make it difficult for VIA Rail to meet its operational goals.
Yet, despite these infrastructure constraints and host railway limitations, VIA Rail continues to prioritize modernization. Strategic initiatives such as fleet renewal and VIAction 2030 aim to reposition the company in Canada’s evolving transportation market and ensure its long-term sustainability.
