Rail supply industry pessimistic about prospects

As the Railway Industry Association conference opens in London today, a new poll has been published which suggests that most railway suppliers are pessimistic about their prospects for 2024. RIA says only 24 per cent of the companies which responded believe the rail supply industry will grow in the coming year, with 54 per cent saying it will contract. RIA points out that this is the highest negative rating over the past five years. RIA said: ‘These findings represent a significant increase in negative sentiment among businesses across the sector over the last 12 months.’