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Tag Archives maximum revenue entitlement

(File photo by Dave Bedard)
Crops

‘Unexpectedly high’ fuel costs lift railways’ revenue index

VRCPIs for CN, CP increased for 2023-24

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The index that determines how much Prairie grain handling revenue Canada’s big two railways get to keep will be raised in the coming crop year, mainly on way-higher-than-expected fuel costs. The Canadian Transportation Agency (CTA) on Thursday announced the volume-related composite price index (VRCPI) for Canadian National Railway (CN) for 2023-24 will be 1.8295, up
(File photo by Dave Bedard)
Crops

Railways over revenue cap in drought year, CTA finds

CN, CP now owe $5.7 million in overages, penalties

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Despite a dramatically lower Prairie grain handle in the last crop year, the Western Grains Research Foundation can expect a $5.7 million gift card from Canada’s big two railways by the end of next month. The Canadian Transportation Agency, which sets the maximum revenue entitlements (MREs) each crop year for Prairie grain handled by Canadian
(File photo by Dave Bedard)
Crops

CN over, CP well under 2020-21 grain revenue caps

Railways moved record-level volume during year, CTA says

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Coming off a record-level Prairie grain handle, Canadian National Railway’s $1.042 billion in 2020-21 Prairie grain revenue is set to be trimmed by about $2.52 million. The Canadian Transportation Agency on Wednesday released its determination that CN’s 2021-21 Prairie grain revenue of $1,044,909,345 came in $2,399,676 above its maximum revenue entitlement (MRE) for the year.
(File photo by Dave Bedard)
Crops

Railways overshoot grain revenue limits for 2019-20

Grain revenues run $5.3 million over caps, CTA rules

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Canada’s big two railways have about two more weeks to hand over about $5.6 million in Prairie grain revenue overages and related penalties for the 2019-20 crop year. The Canadian Transportation Agency (CTA) on Dec. 22 ruled Canadian National Railway (CN) and Canadian Pacific Railway (CP) each overshot their maximum revenue entitlements (MREs) for the
(File photo by Dave Bedard)
Crops

CN, CP come in under 2018-19 grain revenue caps

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Changes to federal rail transport rules that took effect in 2018 have put Canada’s big two railways well under their new Prairie grain revenue caps for the 2018-19 crop year. The Canadian Transportation Agency on Monday announced Canadian National Railway (CN) booked 2018-19 Prairie grain revenue of $933,357,710, a figure $371,116 below what the CTA
(File photo by Dave Bedard)
Crops

Prairie grain freight cost index adjusted upward

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Corrected, May 6, 2019 and Jan. 7, 2021 — Canada’s big two railways can expect a small raise in the amount of revenue they get to keep from hauling Prairie grain in the coming crop year. The Canadian Transportation Agency (CTA) on Tuesday announced it will set the volume-related composite price index (VRCPI) at 1.4371
Comment: Why calls to kill MRE being ignored
Comment, Opinion

Comment: Why calls to kill MRE being ignored

Requests to update railway grain shipping costs face the same fate

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[UPDATED: June 20, 2018] The North American Grain Grading Group’s (NAGGG) call to axe the maximum revenue entitlement (MRE) appears to be getting the cold shoulder from Western Canada’s grain sector. The MRE is a federal regulation that sets the annual limit the railways can earn in total hauling western grain to Thunder Bay and
News

Grain industry has other priorities

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Western Canada’s checkoff-funded wheat commissions didn’t have much to say about a proposal to end the maximum revenue entitlement (MRE) and the grain-grading system when asked for comment last week. “Our directors are busy seeding so we haven’t discussed it,” Manitoba Wheat and Barley Growers Association general manager Pam de Rocquigny said in an interview
Railway costing review risks, benefits
News

Railway costing review risks, benefits

A review was a Liberal election promise but the government hasn’t announced one despite proposed 
changes to the maximum revenue entitlement

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A University of Manitoba agriculture economist warns regulations cutting how much the railways are allowed to earn hauling grain could discourage them from investing to be more efficient. “I don’t know if you want to mess with the system too much,” Derek Brewin said in an interview May 23. “They’ve (western farmers) got a competitive
grain cars
Cereals, News

Grain sector likes transportation act changes

Time will tell, but the industry says the Bill C-49 changes should lead to better grain service

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After decades of complaining about poor rail service for grain, western farmers and shippers say Bill C-49, the Transportation Modernization Act, is close to what they’ve been asking for. Wade Sobkowich, executive director of the Western Grain Elevator Association (WGEA), which represents Western Canada’s major elevator companies, said it includes most of the changes it

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