Rail Transportation in California
Over the past five years, the state's economic recovery has been strong, and its population has continued to increase. Moreover, the volume of trade coming into and out of the state has steadily grown, which should have led to strong growth in demand for Rail Transportation industry services in California. Instead, however, the industry's revenue has grown only marginally. Although demand for services has remained strong, drastic declines in oil prices have resulted in lower revenue from fuel surcharges during the current period. Over the five years to 2022, IBISWorld forecasts that revenue for the Rail Transportation industry in California will grow. During the five-year period, the state's economy is expected to continue growing alongside population. Trade is also expected to continue rising at the state and national levels, boosting demand for freight transportation services.
The Rail Transportation industry comprises companies that operate railroads across the United States. This includes large railroads (Class 1 railroads) and regional and local line-haul railroads that carry freight and passengers. This industry does not include scenic and sightseeing rail transportation, street railroads, commuter rail or rapid transit.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.