The Canadian Transportation Agency (CTA) has ruled that revenues for CN and CP Rail were below their maximum grain revenue entitlements for the 2018 - 2019 crop year.
This means no overage-related payouts or penalties were assessed.
CN's grain revenue of $933,357,710 was $371,116 below its entitlement of $933,728,826. CP's grain revenue of $862,734,965 was $764,101 below its entitlement of $863,499,066.
CN and CP moved 13.4% more grain this crop year.
In the 2018–2019 crop year, 46,060,737 tonnes of Western grain were moved under the MRE program.
Click here to see more...