23 April 2009
CP Gets Partial Refund
CP Rail is getting back some of the money it had to pay
for exceeding the revenue cap in the 2006-2007 crop year.
The railway paid $3.76 million to the Western Grains Research Foundation... plus a five percent penalty.
The Canadian Transportation Agency says $415,550 will be returned to CP Rail. This following a ruling by the Federal Court of
Appeal. It said amounts collected by CP from the failure of shippers to meet the 24-hour load conditions under its MCB
Incentive Program are not to be included in the railway's revenue.
The Western Grains Research Foundation uses the money to fund a variety of crop research projects.
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