Farms.com Home   News

CTA announces Volume-Related Composite Price Indices for Crop Year 2024-2025 for CN and CPKC

GATINEAU, QC,  - The Canadian Transportation Agency (CTA) has announced its determination of the Volume-Related Composite Price Index (VRCPI) for the Canadian National Railway Company (CN) at 1.9281 and the Canadian Pacific Kansas City (CPKC) at  1.8760 for the 2024–2025 crop year beginning August 1st. This is an increase in the VRCPI over the last crop year of 5.39% for CN and 6.49% for CPKC.

The determination of the VRCPIs is based on detailed submissions from CN and CPKC on their historical price information for railway inputs involving labour, fuel, material, and other capital items as well as forecasted future changes in these railway price components.

These indices will be used in determining CN's and CPKC's Maximum Revenue Entitlement for the movement of western grain in the 2024–2025 crop year. The Maximum Revenue Entitlement limits the overall revenue earned by CN and CPKC for shipping regulated grain.

Click here to see more...

Trending Video

Ag Matters Podcast - Episode 1: Why Agriculture Matters

Video: Ag Matters Podcast - Episode 1: Why Agriculture Matters

In this episode, we dive deep into how agricultural policies—both good and bad—shape the landscape of farming in Manitoba and beyond.

We’ll explore the far-reaching impacts of these policies on producers, consumers, the environment, and government. How do regulations and supports affect farmers' ability to thrive? What do these policies mean for food security, environmental sustainability, and the economy?

Joined by two expert voices in Manitoba agriculture: Cam Dahl, General Manager of the Manitoba Pork Council, and Kurt Siemens, a third-generation Egg Farmer.

Together, they share firsthand insights on how policy decisions directly influence their operations, the broader agricultural sector, and the everyday lives of Manitobans.