How much will the rail strike cost the UK?

Rail strikes cost UK £1bn and settling would have been cheaper, minister admits. Rail strikes have cost the UK economy more than £1bn and it would have cost less to settle the dispute with unions over pay and conditions months ago, a government minister has admitted.



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The rail transport and postal and courier activities industries have seen decreases in output over the last quarter. The largest decreases were in December 2022, a month when both rail and postal workers held numerous days of strikes. The rail transport industry fell by 7.0% in December 2022.

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A strike would cause $2 billion a day in lost economic output, according to the Association of American Railroads, which lobbies on behalf of rail companies. Rail transports about 40% of the nation's long-distance freight and one-third of exports.

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The railroads estimated that a rail strike would cost the economy $2 billion a day in a report issued earlier this fall.

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The $1.2 trillion infrastructure bill enacted in 2021 has $102 billion for rail, but none of the money is set aside for high-speed rail. High-speed rail could reduce emissions from intercity travel under 600 miles.

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A story of US transportation Highways (as well as aviation) became the focus of infrastructure spending, at the expense of rail. This trend has continued, and not the least because highways require continuous maintenance, while the US's growing population demands more lanes and roads to relieve congestion.

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Americans really want high-speed rail. According to a new survey from the American Public Transportation Association, 62 percent of the 24,711 adults surveyed said they would probably or definitely use high-speed rail if it were an option. 11 percent said that they would definitely or probably not use the service.

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Funding for California high-speed rail has come from the legislative appropriation of state special funds and from federal competitive grants. No funding comes from traditional state sources, such as the gas taxes or general fund dollars.

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Kelly acknowledges that the $8-billion goal is “aggressive and rightly so” because California is paying for 84% of the cost so far. “If the national government wants to get a national cleaner, faster electrified rail system, it has to do better than 16%. And so we're going to make that case,” he said.

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BNSF Railway leads the market The railroad focuses on transporting freight commodities such as coal, industrial or agricultural products. In 2022, the company generated some 24.49 billion U.S. dollars in freight revenue and hauled more than 10 million carloads across the country.

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Network Rail, which runs railway infrastructure in England, Scotland, and Wales, is publicly owned. However, trains and most smaller stations are split into franchises run by different companies.

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Our income is a mix of direct grants from the UK and Scottish Governments, charges levied on train operators that use our network, and income, mainly from our commercial property estate. This means that the views of our passengers, customers, partners, the Government and the regulator really matter to us.

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