VIA Rail Posts 14th Consecutive Quarter Of Revenue Growth
Bruce Parkinson, Open Jaw
Continuing a positive trend, VIA Rail Canada ridership increased by 11.7% in the third quarter of 2017, compared to the same period in 2016, while revenues increased by 13.9%.
With more travellers aboard, a total of 296 million miles were journeyed on its trains all across the country over the quarter, up 15% from 2016.
"As Canada's 150th anniversary year draws to a close, I am happy to report another successful quarter at VIA Rail, worthy of its own celebration. Over the past three months, we have witnessed several impressive achievements, including our 14thconsecutive quarter of revenue growth and our 7th consecutive quarter of ridership growth — both increasing by double digits compared to last year,” said President and CEO Yves Desjardins-Siciliano.
“One explanation for these exceptional results can be found in the commitment of VIA Rail employees. Over the last 12 months, employee engagement has reached an all-time high of 62% which marks a 5% improvement over last year and a remarkable 16% improvement since 2014.”