1、AUSTRALIAN RAIL MARKET OUTLOOKDECEMBER 2022About BIS Oxford EconomicsEffective March 1,2017,UK-headquartered Oxford Economics,one of the worlds foremost independent global advisory firms acquired a controlling stake in BIS Shrapnel.BIS Shrapnel,which had been in continuous operation since July 1,196

2、4 as a completely independent Australian owned firm with no vested interests of any kind providing industry research,analysis and forecasting services merged with the Australian operation of Oxford Economics.The new organisation is now known as BIS Oxford Economics.Oxford Economics was founded in 19

3、81 as a commercial venture with Oxford Universitys business college to provide economic forecasting and modelling to UK companies and financial institutions expanding abroad.Since then,we have become one of the worlds foremost independent global advisory firms,providing reports,forecasts and analyti

4、cal tools on 200 countries,100 industrial sectors and over 3,000 cities.Our best-of-class global economic and industry models and analytical tools give us an unparalleled ability to forecast external market trends and assess their economic,social and business impact.About the ARAWe are the peak body

5、 for the rail sector in Australia and New Zealand,and advocate for almost 200 member organisations across the rail industry.Our members include every aspect of the rail industry,including:The passenger and freight operators that keep essential rail services movingThe track owners,managers and contra

6、ctors that deliver a safe and efficient rail infrastructure networkThe suppliers,manufacturers and consultants that drive innovation,productivity and efficiency in the rail industry.For more information,visit .auAustralasian Rail Association/Australian Rail Market OutlookContents1.Executive Summary