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Rail News: Rail Industry Trends

CN and CPR exceed grain revenue caps in latest crop year, Canadian Transportation Agency says


Last week, the Canadian Transportation Agency announced Canadian National Railway Co.’s and Canadian Pacific Railway’s western grain revenue exceeded caps for crop year 2005-2006 — the first time both Class Is surpassed their caps during the same crop year.

CN’s western grain revenue totaled $398 million, more than $2.7 million above its cap; CPR’s grain revenue totaled $396.5 million, nearly $1.5 million above its cap.

In 2000, the Canadian government established revenue caps for moving grain via rail from western prairie origins to terminals in Vancouver and Prince Rupert, British Columbia; Thunder Bay, Ontario; and Churchill, Manitoba. Under federal regulations, CN and CPR must pay their respective excess amounts, plus a 5 percent penalty, to the Western Grains Research Foundation by January’s end.

Contact Progressive Railroading editorial staff.

More News from 1/2/2007