Ottawa Ontario - In a determination issued today, the Canadian Transportation Agency (CTA) ruled that revenues of both the Canadian National Railway Company (CN) and the Canadian Pacific Kansas City Railway Company (CPKC) were above their respective maximum grain revenue entitlements for the crop year 2022–2023.
 
CN's grain revenue of $1,079,522,039 was $3,457,939 above its entitlement of $1,076,064,100.
 
CPKC's grain revenue of $943,886,400 was $3,369,407 above its entitlement of $940,516,993.
 
CN and CPKC now have 30 days to pay the amount they exceeded their 2022–2023 revenue entitlements, in addition to a five percent penalty of $3,630,836 for CN and $3,537,877 for CPKC.
 
Regulations require these payments to go to the Western Grains Research Foundation.
 
In the 2022–2023 crop year, 45,303,841 tonnes of Western grain were moved.
 
This represents a 60 percent increase in volumes compared to the last crop year, which saw 28.4 million tonnes transported.
 
The increase in the volume of grain was due mainly to improved growing conditions following the drought experienced in Western Canada during the 2021–2022 growing season.
 
Author unknown.