This December 2025 market analysis identifies both existing and projected characteristics and conditions of intercity transportation in the Cascadia Megaregion, as well as trends influencing its future. Intercity transportation includes any travel between metropolitan areas of Vancouver, B.C., Seattle, and Portland. This analysis is key to understanding the potential for HSR and the potential benefits the service could offer in the context of the existing and future multimodal transportation system as well as the current and forecast travel demand for intercity travel by automobile, bus, train, and airplane. The market analysis provides a clearer understanding of potential markets for HSR service, along with a comparison of potential trade-offs with other modes. It draws on megaregion-wide data trends, including passenger travel volumes by mode, service characteristics between major cities, and demographic trends.

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