The rail industry is exploring how to improve passenger demand forecasting amid signs that the rate of growth is slowing.
The Rail Safety and Standards Board (RSSB) is leading an initiative to develop more sophisticated forecasting tools, taking account of a wider range of demand influences, and segmenting the population into different markets.
The RSSB says there are “early signs” that the patronage and fare revenue growth trend seen in the last 20 years is...
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