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[Latest] Global Digital Railway Market Size/Share Worth USD

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Austin, TX, USA, July 14, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled Digital Railway Market Size, Trends and Insights By Solution (Remote Monitoring, Route Optimization & Scheduling, Analytics, Network Management, Predictive Maintenance, Security), By Service (Professional Services, Managed Services), By Application (Rail Automation Management, Rail Control, Smart Ticketing, Workforce Management, Passenger Information Systems, Asset Management), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 in its research database.

“According to the latest research study, the demand of global Digital Railway Market size & share was valued at approximately USD 83.74 Billion in 2024 and is expected to reach USD 92.68 Billion in 2025 and is expected to reach a value of around USD 230.60 Billion by 2034, at a compound annual growth rate (CAGR) of about 10.67% during the forecast period 2025 to 2034.”

Click Here to Access a Free Sample Report of the Global Digital Railway Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=70924

Overview

As per the industry experts at TMR, the global digital railway market will witness a stupendous CAGR between 2025 and 2034. This could be attributed to growing demand for advanced transportation systems and consumers’ mobility. Rapid urbanization, climate change are exerting visible pressure on modern economies and cities.

The digital railways, with issues like balancing urbanization and sustainability to address, are developing as one of the critical pillars of mobility ecosystems that are future-ready, that too, with stronger policy support. The digital railways are capable of supporting energy-efficient travel as they do incorporate technologies and systems such as eco-driving systems, automated train operation systems, and other energy-saving measures for decreasing fuel emissions.

Key Trends & Drivers

  • Growing Demand for Safety and Efficiency: The digital railway market is accelerated by the rising need for increased safety and efficiency in railway operations. This is, in turn, being driven by factors such as rising freight volumes and passenger numbers, which could be managed effectively through digital solutions for route optimization, traffic management, and predictive maintenance. Also, there is an increasing focus on improvement of passenger experience. Implementing passenger-centric solutions such as real-time information displays, smart ticketing systems, and enhanced connectivity options is another key to the call for raising the safety quotient.

Request a Customized Copy of the Digital Railway Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=70924

  • Government Regulations with Infrastructure Development: With governments’ initiatives and regulations emphasizing modernization of railway infrastructure, they can incentivize adopting digital technologies or mandate safety upgrades, thereby resulting in increased market activity. There are continuous advancements in the communication technologies in the form of data analytics and IoT. Such advancements help with digital solutions’ seamless integration into the railway systems that exist, thereby creating novel opportunities for growth of the market.

Report Scope

Feature of the Report Details
Market Size in 2025 USD 92.68 Billion
Projected Market Size in 2034 USD 230.60 Billion
Market Size in 2024 USD 83.74 Billion
CAGR Growth Rate 10.67% CAGR
Base Year 2024
Forecast Period 2025-2034
Key Segment By Solution, Service, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Digital Railway report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025
  • Includes Tables and figures have been updated.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Digital Railway report has been modified to include the COVID-19 impact study prior to delivery.)

Request a Customized Copy of the Digital Railway Market Report @ https://www.custommarketinsights.com/report/digital-railway-market/

SWOT Analysis

  • Strengths: Digitalization allows better real-time control and monitoring, thereby leading to enhanced operational efficiency and improved safety measures. Passenger information systems, smart ticketing, and real-time updates do contribute to a more enjoyable and convenient travel experience. Predictive maintenance and automation help in reducing operational costs and optimizing allocation of resources.
  • Weaknesses: Increasing reliance on digital systems does make railway infrastructure prone to data breaches and cyberattacks. Moreover, implementation of digital railway systems needs upfront investment in technology and infrastructure. Complexity involved with regard to the integration of new digital systems with the existing infrastructure is another factor hampering the digital railway market.
  • Opportunities: Government regulations and initiatives that mandate adoption of digital technologies in the railway sector are likely to drive growth. Continual advancements of technologies such as IoT, AI, and cloud computing do offer opportunities for further optimization and innovation in digital railway. Emergence of smart cities and the rise in freight traffic are other factors driving opportunities for the digital railway market.
  • Threats: Competition from the other transportation modes, such as air and road, is likely to adversely affect the digital railway market. Also, certain stakeholders are likely to resist adopting novel digital technologies owing to concerns regarding job displacement. These are the probable threats to digital railway market.

Request a Customized Copy of the Digital Railway Market Report @ https://www.custommarketinsights.com/report/digital-railway-market/

Key questions answered in this report:

  • What is the size of the Digital Railway market and what is its expected growth rate?
  • What are the primary driving factors that push the Digital Railway market forward?
  • What are the Digital Railway Industry’s top companies?
  • What are the different categories that the Digital Railway Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Digital Railway market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2025−2034
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Buy this Premium Digital Railway Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/digital-railway-market/

Regional Perspective

The digital railway market is classified into North America, Europe, Asia Pacific, and LAMEA.

North America houses a robust rail infrastructure backed by speedy adoption of advanced technologies through government investments. The region is focusing on the development of smart infrastructure, the integration of technologies such as AI and IoT, and the upgrading of the rail systems that exist.

Integrating 5G technology is facilitating quicker data transmission, thereby extending support to real-time monitoring, enhanced passenger connectivity, and automated train controls. Adoption of automation technologies inclusive of automated train operation systems and the eco-driving systems is driving operational improvements and energy efficiency.

Governments in North America are into investment in advanced electrification projects and various other upgrading initiatives, thereby propelling the digital railway market.

The emerging economies in the Asia Pacific are witnessing rapid urbanization due to governments increasingly investing in smart infrastructure along with growing adoption of novel technologies. Such factors are resulting in notable growth in areas such as passenger information systems, smart ticketing, and rail operations management.

The governments in the Asia Pacific are investing in digital transformation initiatives regarding their railway networks. This is inclusive of substantial funding for implementing advanced technologies, modernizing infrastructure, and developingsmart cities. The instances include economies such as Australia, Singapore, South Korea, India, and China, who are leading from the front.

Europe contributes toward the expansion of the digital railway market in the form of standardization efforts, strategic efforts, and collaborative initiatives. The region is basically focusing on upgradingrail infrastructure, especially with sophisticated signaling systems, and adopting technologies such as digital automatic couplings (DAC). Also, establishing Europe’s Rail Joint Undertaking aims toward acceleration of digital transformation in the railway sector.

The European Telecommunications Standards Institute (ETSI) has formed a committee in order to standardize Machine-to-Machine (M2M) communications, which are important for digital railway systems. The Connecting Europe Facility (CEF) does provide funding for Pioneer DAC Trains (PDT), thereby supporting digital transformation.

LAMEA is witnessing a significant growth in the digital railway market owing to a rise in investments in intelligent transport systems (ITS) along with infrastructure modernization. This could be attributed to the need for addressing challenges pertaining to urbanization, improvement in road safety, and enhancement of logistics efficiency via digital technologies. The market is witnessing an increased adoption of solutions such as track geometry measurement systems, railway management systems, and other digital technologies for optimizing operations and improving service quality.

Request a Customized Copy of the Digital Railway Market Report @  https://www.custommarketinsights.com/report/digital-railway-market/

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? 

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Browse the full Digital Railway Market Size, Trends and Insights By Solution (Remote Monitoring, Route Optimization & Scheduling, Analytics, Network Management, Predictive Maintenance, Security), By Service (Professional Services, Managed Services), By Application (Rail Automation Management, Rail Control, Smart Ticketing, Workforce Management, Passenger Information Systems, Asset Management), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Report at https://www.custommarketinsights.com/report/digital-railway-market/

List of the prominent players in the Digital Railway Market:

  • Siemens
  • Hitachi
  • Alstom
  • IBM
  • ABB
  • Huawei
  • Thales
  • DXC
  • Fujitsu
  • Toshiba
  • Atkins
  • Zedas
  • Advantech
  • Wabtec
  • Cisco
  • Others

Click Here to Access a Free Sample Report of the Global Digital Railway Market @  https://www.custommarketinsights.com/report/digital-railway-market/

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
  • The subscription-based option is offered.
  • Best price guarantee
  • Free 35% or 60 hours of customization.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantees are available.
  • Personalized market brief by author.

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The Digital Railway Market is segmented as follows:

By Solution

  • Remote Monitoring
  • Route Optimization & Scheduling
  • Analytics
  • Network Management
  • Predictive Maintenance
  • Security

By Service

  • Professional Services
  • Managed Services

By Application

  • Rail Automation Management
  • Rail Control
  • Smart Ticketing
  • Workforce Management
  • Passenger Information Systems
  • Asset Management

Click Here to Get a Free Sample Report of the Global Digital Railway Market @ https://www.custommarketinsights.com/report/digital-railway-market/

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Digital Railway Market Research/Analysis Report Contains Answers to the following Questions.

  • What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Digital Railway Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Digital Railway Market? What Was the Capacity, Production Value, Cost and PROFIT of the Digital Railway Market?
  • What Is the Current Market Status of the Digital Railway Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Digital Railway Market by Considering Applications and Types?
  • What Are Projections of the Global Digital Railway Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Digital Railway Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Digital Railway Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Digital Railway Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Digital Railway Industry?

Click Here to Access a Free Sample Report of the Global Digital Railway Market @  https://www.custommarketinsights.com/report/digital-railway-market/

Reasons to Purchase Digital Railway Market Report

  • Digital Railway Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Digital Railway Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Digital Railway Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Digital Railway Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Digital Railway market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Digital Railway Research Report | Fast Delivery Available – [220+ Pages] @  https://www.custommarketinsights.com/report/digital-railway-market/

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Digital Railway market analysis.
  • The competitive environment of current and potential participants in the Digital Railway market is covered in the report, as well as those companies’ strategic product development ambitions.
  • This study conducts a qualitative and quantitative analysis of the market based on the component, application, and industry vertical. Additionally, the report offers comparable data for the important regions.
  • We have provided actual market sizes and forecasts for each of the aforementioned segments.

Who should buy this report?

  • Participants and stakeholders worldwide Digital Railway market should find this report useful. The research will be useful to all market participants in the Digital Railway industry.
  • Managers in the Digital Railway sector are interested in publishing up-to-date and projected data about the worldwide Digital Railway market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Digital Railway products’ market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Request a Customized Copy of the Digital Railway Market Report @  https://www.custommarketinsights.com/report/digital-railway-market/

About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work toward achieving sustainable growth in their respective domains.

CMI offers a comprehensive solution, from data collection to investment advice. Our company’s expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

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£5m of Government funding for 26 innovative rail projects to boost passenger experience

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  • First of a Kind competition winners will deliver innovative projects aimed at increasing safety, reducing bridge strikes and incorporating AI technology
  • Previous winners’ projects are already being used across the railways, improving efficiency, safety and reliability
  • £5m Government funding demonstrates commitment to boosting passenger experience, encouraging more people to choose rail and driving economic growth

Twenty-six cutting-edge projects aimed at improving passenger experience on the railway have launched, supported by a multimillion funding package by the Department for Transport.

In partnership with Innovate UK, working closely with Network Rail and train operators, the First of a Kind competition offers grant funding for innovative projects to be tested on the railway, to give them a better chance at being bought by train operators, freight companies and Network Rail.

Given the Transport Secretary’s clear direction to put passengers at the heart of every journey, this year’s winning projects focus on improving safety at the platforms, passenger safety and reducing incidents of vehicles hitting railway bridges. Through working closely with Network Rail and train operators, these innovations will help to improve rail services and infrastructure where it’s needed most.

Among the winning projects is IntelliPan Network, which will reduce delays for passengers by using AI to detect faults on overhead lines, eliminating dangerous, service-disrupting dewirements.

Another successful project, SafeRide 5G, will empower passengers to report incidents using their own devices safely and privately via onboard Wi-Fi, boosting response times and removing key barriers to reporting, improving passenger safety.

Twenty-six successful projects will be supported with £5 million in funding from the Department of Transport, demonstrating the Government’s commitment to trialling innovative technology to modernise our railway and boost the passenger experience. These projects will help to deliver better services for passengers, encouraging more people to take the train and supporting growth as part of the Government’s Plan for Change.

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Rail Minister Lord Peter Hendy said:

“The winners of this competition are taking cutting-edge technology to address some of the biggest challenges facing the rail industry, making a railway that works better for the people and goods using it.

“These innovations are putting safety, reliability and passenger experience first, like IntelliPan Network using AI to detect faults on overhead lines, reducing disruption caused by dangerous dewirements.

“Through this funding, we are building a platform on which innovation can thrive, giving new technologies a chance to succeed and driving economic growth as part of the Plan for Change.”

Previous competition winners are already being used widely across the railways, like the Portable Track Geometry Measurement System, which provides immediate track information to engineers to speed up the lifting of speed restrictions or line closures, getting passengers to their destinations quicker.

Mike Biddle, Executive Director for Net Zero at Innovate UK, said:

“The innovations receiving support through this competition will contribute to a more accessible, safer, and efficient railway system throughout the UK. The competition highlights the importance of collaboration with industry partners and focuses on delivering high-maturity demonstrations, ensuring seamless integration into the existing railway infrastructure.

“Delivered by Innovate UK, the UK’s innovation agency, on behalf of the Department for Transport, the FOAK rail programme seeks to identify and support outstanding, innovative solutions. Funded organisations will showcase the creativity and impact of their ideas through live demonstrations.”

The twenty-six successful projects have today started work on the new technologies, with testing to take place over the coming months. A full list of winners can be found here.

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More trains, more seats and quicker journeys as rail industry announces December 2025 timetable

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Thursday 4 Sep 2025

More trains, more seats and quicker journeys as rail industry announces December 2025 timetable

Region & Route:
National

The rail industry has announced the biggest timetable change on the East Coast Main Line (ECML) in more than a decade, which will provide more trains, thousands of extra seats per day and quicker journeys, as part of a wider set of timetable changes across the network this December. 

Launching on Sunday 14 December 2025, the new timetable is the result of £4billion invested on the ECML over the past decade, including the East Coast Upgrade, and will:

  • Improve connectivity between Yorkshire, the North East, Scotland and London, including reductions in journey times to long distance services;
  • Bring additional LNER services on Sundays between Bradford Forster Square and London King’s Cross;
  • Enable all passing services which are operated by Greater Anglia, Great Northern, Thameslink, and CrossCountry, to call at the new Cambridge South station when it opens in early 2026;
  • Enable a new hourly fast service with Northern between Leeds and Sheffield, and additional services between Middlesbrough and Newcastle;
  • Increase TransPennine Express services between Newcastle and Edinburgh Waverley to eight trains per day in each location Monday-Saturday and 7 trains in each location on Sunday;
  • Deliver more frequent East Midlands Railway services between Nottingham and Lincoln, doubling from one train per hour to two trains per hour Monday to Saturday, providing over 2,000 extra weekday seats and 2,500 extra Saturday seats;  

Crucially, the new timetable will include growing capacity with more than 60,000 extra seats across the route each week, and better connectivity, including faster services from London to Edinburgh (just over four hours) and London to Leeds (just over two hours).

The new timetable follows close collaboration between Network Rail, ECML passenger and freight train operators, and other rail industry partners. Whilst the vast majority of services will commence in December 2025, to enable a smooth introduction a small number of services will be introduced in a phased way in 2026.

Ellie Burrows, Eastern regional managing director, Network Rail, said: “The new timetable will unlock thousands more seats, more frequent trains, and quicker journeys along the East Coast Main Line. Our priority now as an industry is to reliably deliver this transformative timetable in December, setting us on the right path to provide further journey improvements in the future for the passengers and communities we serve.”

Rail Minister Lord Peter Hendy said: “Through more seats, more trains and faster journeys, this new timetable will see the biggest increase to intercity services along the route in a decade and will unlock growth along the whole of the East Coast Main Line.

“Growing capacity and improving passenger experience will encourage more people to choose rail, boosting the economy and delivering on the Government’s Plan for Change.”

In addition to the ECML, the December 2025 timetable will see enhancements on other parts on the network too, including:

  • Running more Avanti West Coast services from Euston, including more trains between London and Liverpool;
  • More independent services from Grand Central, Hull Trains and Lumo, including provision for a new Stirling to London service; 
  • Transport for Wales will introduce two trains an hour between Chester and Wrexham, Monday to Saturday, along with a new timetable on the Heart of Wales line between Swansea and Shrewsbury, lifting the through service to five trains each day, and finally the first ever Transport for Wales Sunday service to Coryton.

Jacqueline Starr, Executive Chair and Chief Executive Officer of Rail Delivery Group said: “We’re pleased to support the introduction of this major update to this year’s December timetable and we continue to work closely with industry partners on its implementation. Customers can look forward to more trains and quicker journeys, boosted by the biggest change in more than a decade to East Coast Main Line services.

“In the long-term, this timetable will bring more services, and a more resilient railway that meets the needs of today’s customers.”

The full list of December timetable changes will be published on the journey planner tool on the National Rail website from late September. Meanwhile, passengers can find out what the ECML timetable means for their local area by using the dedicated ECML microsite https://ecmltimetable.info.

About Network Rail

We own, operate and develop Britain’s railway infrastructure; that’s 20,000 miles of track, 30,000 bridges, tunnels and viaducts and the thousands of signals, level crossings and stations. We run 20 of the UK’s largest stations while all the others, over 2,500, are run by the country’s train operating companies.

Usually, there are almost five million journeys made in the UK and over 600 freight trains run on the network. People depend on Britain’s railway for their daily commute, to visit friends and loved ones and to get them home safe every day. Our role is to deliver a safe and reliable railway, so we carefully manage and deliver thousands of projects every year that form part of the multi-billion pound Railway Upgrade Plan, to grow and expand the nation’s railway network to respond to the tremendous growth and demand the railway has experienced – a doubling of passenger journeys over the past 20 years.

Follow us on Twitter: @networkrail
Visit our online newsroom: www.networkrailmediacentre.co.uk





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Minister Freeland says industry leaders agree to build with as much Canadian steel and aluminum as possible

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The federal government’s plan to “build Canada” is going to require “a lot of steel,” and “a lot of aluminum,” Transport Minister Chrystia Freeland said Tuesday. And, she said, industry leaders in rail, maritime and ship-building agree as much of that steel and aluminum as possible should come from Canada. 

Freeland spoke to reporters outside the office of steelmaker ArcelorMittal Dofasco in Hamilton’s industrial sector following a private meeting about building Canadian ferries and rail infrastructure. She said the meeting involved representatives from those sectors, steel companies, related unions and elected officials including Ontario Premier Doug Ford. Some participants were in-person and others, like the premier, attended virtually.

“This was about really putting them together with the steel industry, putting them together with the aluminum industry, to be sure that as you’re building Canada, we are using Canadian steel, we are using Canadian aluminum,” Freeland said.

She did not share details or forthcoming actions but said the meeting was “productive” and “practical.” Participants discussed existing barriers to building in Canada and how the government can help, Freeland said.  

Freeland spoke alongside local Liberal MPs Aslam Rana (Hamilton Centre), John-Paul Danko (Hamilton West—Ancaster—Dundas), Lisa Hepfner (Hamilton Mountain) and Sima Acan (Oakville West) as well as Etobicoke North MP John Zerucelli, who is the Secretary of State for Labour. 

When asked about a recent decision by B.C. Ferries to purchase Chinese-built ships, Freeland said she was “encouraged and inspired” by the enthusiasm she heard for building more in Canada.

She added Ontario builders will be part of that effort. 

WATCH | B.C. Ferries President spoke ahead of the Made in Canada Ferries and Rail Summit:

B.C. Ferries President speaks at the Made in Canada Ferries and Rail Summit today

B.C. Ferries CEO Nicolas Jimenez speaks at the national Made in Canada Ferries and Rail summit today. He aims to address the challenges of building vessels at home and defend the company’s decision to contract ferries from overseas.

Canadian-made steel and aluminum faces a 50-per-cent tariff at the U.S. border. In response to the ongoing trade war, labour, industrial and political leaders have suggested bolstering the Canadian market, including in Hamilton. 

In response, Canada placed duties on $60 billion worth of U.S. goods. Many of those tariffs were removed as of Monday, though some remain on non-CUSMA (Canada-United States-Mexico Agreement)-compliant goods — including steel and aluminum products.

The federal government has pledged related supports, such as a three-year, $450-million program to help businesses overcome trade challenges, which Evan Solomon, Minister of Artificial Intelligence and Digital Innovation, announced while visiting Hamilton manufacturer Hooper Welding in late August.



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