MONTREAL, Nov. 22, 2013 /CNW Telbec/ - Today, VIA Rail Canada's (viarail.ca) Board of Directors released the Corporation's 2013 third quarter
financial report. During the three months covered by the report, VIA
Rail transported 912,000 passengers within the Québec City - Windsor
corridor, and passenger-miles (the total number of miles travelled by
all passengers) increased by 6% compared to the same quarter in 2012.
"We would like to believe that these positive results are an early
indication that a "train culture" is emerging in the Corridor," stated
Marc Laliberté, President and CEO of VIA Rail. "This means that more
people may be starting to consider the train as their first travel
option, for longer journeys, over their car."
Ridership on the total network saw a slight decrease of 2% - reaching 1
million passengers compared to 1.03 million in 2012. The train
occupancy rate, however, increased by 2 percentage points, from 58% to
60%, compared to the same quarter of 2012. Trains achieved on time
performance of 83%. Passenger revenues totaled $72.2 million for the
quarter, decreasing by 6.5% compared to the third quarter of 2012.
Operating Expenses before amortization of deferred capital funding and
corporate taxes rose by $6.7 million, an increase due primarily to
higher depreciation costs related to capital investments completed in
2012, as well as an increase in the cost of employee benefits. As a
result, government funding increased by $9.8 million for the quarter.
To read VIA Rail's quarterly financial results, go to: viarail.ca/en/about-via-rail/our-company/quarterly-reports.
Highlights of the third quarter of 2013 include:
Introduction of a new service and new cars in Business Class
Safety revisions and enhancements, including modifications to the
infrastructure and revisions to VIA Rail's Train Securement Policy
Temporary service interruption between Matapédia and New Carlisle due to
problems associated with the Société du chemin de fer de la Gaspésie's rail infrastructure
The Train Status Information (TSI+) phase 3 release delivered an
automated way of conducting train trip analysis to rapidly measure our
on-time performance on any route segment in the Québec City - Windsor
Installation of a remote telemetry system in VIA Rail's locomotives
allowing for the precise capture of train fuel consumption in real
time, aiming to decrease both fuel consumption and environmental impact
Ongoing installation of self-serve kiosks in select stations that will
enable customers to consult, book and pay for new trips as well as
print boarding passes
About VIA Rail Canada
As Canada's national rail passenger service, VIA Rail Canada's (viarail.ca) mandate is to provide safe, efficient and economical passenger
transportation service, in both official languages of our country. VIA
operates intercity, regional and transcontinental trains linking 450
communities across its 12,500-kilometre route network, and safely
transports nearly four million passengers annually. The Corporation was
awarded seven Safety Awards by the Railway Association of Canada over
the last eight years, and is recipient of the 2012 Agent's Choice Award
voted by Canadian travel agents and presented by Baxter Travel Media.
Since 2007, the Government of Canada has invested almost a billion
dollars in VIA Rail. Follow the progress of our transformation at viarail.ca/en/about-via-rail/capital-investment.
Follow us on our Evolution Blog at viaevolution.ca, on Twitter @VIA_rail and on Facebook.
SOURCE: VIA Rail Canada Inc.
For further information:
Senior Advisor, Media Relations
VIA Rail Canada
514 871-6137 | 1 877 393-8787
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