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6/1/2021
Rail News: Passenger Rail
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As Canada continues to deal with the COVID-19 pandemic, VIA Rail Canada reported a decrease of 80.2% in ridership and an 80.9% drop in passenger revenue in first-quarter 2021 compared with levels during the same period last year.
As a result of lower demand in Q1, VIA Rail is implementing a plan for reduced capacity for services in operation. The railroad continues to manage its operating expenses, which decreased by 34.1% during the first quarter, according to a news release.
Cost-cutting measures include:
- reduction of some operating expenses in proportion to the level of operations;
- temporary employee layoffs;
- reduction of publicity and advertising initiatives;
- reduction of services offered in stations; and
- decrease of administrative costs and the postponement of nonessential initiatives.
In addition, VIA Rail has deployed strict protocols of sanitary measures since March 2020, railroad officials said.
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June 01, 2021 at 09:33PM
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