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1/5/2004



Rail News: Rail Industry Trends

CN, CPR below grain-revenue cap during past crop year, CTA says



The Canadian Transportation Agency (CTA) recently determined that Canadian National Railway Co. and Canadian Pacific Railway did not exceed their revenue caps while moving western grain during crop year 2002-2003.

CN's and CPR's grain revenue totaled $175.7 million and $226 million, respectively — $17.3 million under CN's and $6.6 million below CPR's cap.

In August 2000, CTA replaced a former rate-scale system and established a revenue cap for each railroad that moves grain between western prairie producers and terminals in Vancouver and Prince Rupert, British Columbia; Thunder Bay, Ontario; and Churchill, Manitoba.

The agency annually examines and verifies grain traffic and revenue data to set each railroad's cap. Any railroad exceeding the cap must pay the excess amount and an applicable penalty to the Western Grains Research Foundation.


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