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(File photo by Dave Bedard)
Crops, Machinery

‘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 […] Read more
(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. […] Read more
(File photo by Dave Bedard)
Crops, Machinery

CP, CN overshoot annual grain revenue caps

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Both of Canada’s big two railways were found to have made more revenue from hauling Prairie grain in 2017-18 than their federally mandated limits allow. The Canadian Transportation Agency on Monday announced Canadian Pacific Railway and Canadian National Railway overtopped their maximum revenue entitlements (MREs) for the crop year by $1,500,513 and $1,047,285 respectively. CN’s […] Read more
(CPR.ca)
Crops, Machinery

Grain handle down, costs up in CP’s Q1

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Increased traffic in potash and intermodal containers offset an eight per cent drop in grain carloads in Canadian Pacific Railway’s first quarter, against higher costs and “challenging” conditions. Calgary-based CP on Wednesday booked net income of $348 million on gross revenues of $1.662 billion for the quarter ending March 31, down from $431 million on […] Read more
CN trains in Vancouver. (CN.ca)
Crops, Machinery

CN, CP roll over revenue caps for 2016-17

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Canada’s big two railways have both overshot the maximum revenue they’re allowed to keep for ferrying the 2016-17 grain crop off the Prairies. The Canadian Transportation Agency on Thursday issued its annual determination of how much, if any, revenue Canadian National Railway (CN) and Canadian Pacific Railway (CP) made over their maximum grain revenue entitlements […] Read more
(Dave Bedard photo)
Crops, Machinery

CP, CN both top their Prairie grain revenue caps

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The Western Grains Research Foundation (WGRF) can soon expect a late gift of over $4.4 million in surplus Prairie grain freight revenue, according to a new ruling from the Canadian Transportation Agency. The agency said Dec. 22 it has determined Canadian Pacific Railway (CP) and Canadian National Railway (CN) went over their maximum revenue entitlements […] Read more
(CPR.ca)
Crops, Machinery

CP trims outlook on delayed Prairie harvest

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Rain delays in this year’s Prairie grain harvest have bit into third-quarter revenues and earnings expectations for Canadian Pacific Railway (CP). The Calgary company on Wednesday booked overall net income of $347 million on revenues of $1.554 billion for its quarter ending Sept. 30. While net income was up seven per cent, total revenues were […] Read more
(CN.ca)
Crops, Machinery

CN to challenge latest grain revenue penalty

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Ordered to hand over more than $7 million in Prairie grain handling revenue and related fines for the 2014-15 crop year, Canadian National Railway now plans to challenge the bill in court. Montreal-based CN on Monday filed in the Federal Court of Appeal, seeking leave to appeal the Canadian Transportation Agency’s (CTA) Dec. 29 finding […] Read more

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