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
Long-awaited amendments to the Canada Transportation Act that Prairie grain farmers and shippers hope will result in better rail service were tabled Tuesday in the House of Commons. At press time Tuesday farm organization and grain company officials were still assessing Bill C-49, which also deals with other transportation issues, including air travel. At first
Ottawa | Reuters — The Canadian government introduced draft legislation on grain transportation on Tuesday that would keep in place a revenue cap on western grain that railways haul for export. The grain revenue cap, or “maximum revenue entitlement” (MRE), has been in place since 2000 and is intended to balance the market power of
An “expected sharp rise” in fuel costs in 2017 compared to 2016 may help raise the cap on how much money Canada’s big two railways can charge to move Prairie grain in 2017-18. The Canadian Transportation Agency — the tribunal which, among its other duties, sets the annual maximum revenue entitlements (MREs) on Prairie grain
Farm stakeholder groups and Prairie provincial agriculture ministers got their chance Thursday to bring their concerns about grain transportation by rail to the federal minister responsible. Federal Transport Minister Marc Garneau and Agriculture Minister Lawrence MacAulay held a roundtable meeting with grain sector representatives Thursday in Saskatoon, and met also with the Prairies’ agriculture ministers.
Winnipeg | Reuters — Canada’s big railways are pressing Ottawa to loosen rules around hauling the country’s crops — changes they say would improve efficiency but that farmers fear would weaken their bargaining power. A February report recommended that Ottawa institutes transportation system changes, including phasing out a 16-year-old cap on revenue that Canadian National
The loonie’s decline since last year has led federal regulators to dial up the index guiding how much money Canada’s big two railways get to keep from hauling Prairie grain. The Canadian Transportation Agency (CTA) announced Friday it will raise its volume-related composite price index (VRCPI) by 4.8 per cent, to 1.3275, for the 2016-17
Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended Thursday, a move long urged by railways and opposed by farmers and grain handlers. A review of Canadian transportation laws, aimed at modernizing the system,
Canada’s big two railways will both be required to hand over seven figures in Prairie grain revenue from the 2014-15 crop year after taking in more than their federally-allowed maximums. The Canadian Transportation Agency on Tuesday ruled Canadian National Railway and Canadian Pacific Railway (CN, CP) exceeded their grain revenue entitlements for the crop year
A sharper-than-expected drop in fuel costs has led federal regulators to dial back the index that decides how much money railways get to keep from hauling Prairie grain. The Canadian Transportation Agency on announced Thursday it will cut its volume-related composite price index (VRCPI) by 5.6 per cent, to 1.2517, for the 2015-16 crop year.