REGINA, Sask. — The Canadian Transportation Agency has determined that the railways have not exceeded their western grain revenue caps for the crop year 2001/2002.
Canadian National posted grain revenue of $280.2 million, coming in about $13.4 million below its allowable revenue cap. Meanwhile, Canadian Pacific posted revenues of $277.9 million, more than $8 million below its revenue cap.
If either railway exceeds its grain revenue cap, it must pay back the excess as well as a penalty to the Western grain Research Foundation.
The revenue cap applies to grain moved from the Prairies to terminals in Vancouver and Prince Rupert as well as Thunder Bay and Churchill. This represents the second complete year under the relatively new revenue cap system.
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