News Content
CN and CP fined US$6.4 million for overcharging for grain haul
THE Canadian National Railway (CN) and Canadian Pacific Railway (CP) have been fined for charging too much for hauling western Canada's grain in 2014-15.
The grain revenue cap was introduced in 2000 after a government subsidy for grain movement by rail, called the Crow Rate, was scrapped.
The Canadian Transportation Agency said CN's grain revenue was C$6.9 million (US$4.96 million) higher than its cap of C$738 million, while CP's revenue was C$2.1 million above its cap of C$722 million, reported Reuters.
Ottawa ordered the railways to pay Western Grains Research Foundation, a Saskatoon-based NGO, the excess amount, plus five per cent penalties of C$343,330 for CN and C$106,858 for CP.
CP spokesman Jeremy Berry said the railway was reviewing the agency's ruling and added that the company shipped more western Canadian grain to ports in 2014/15 than it did the previous year.
The grain revenue cap was introduced in 2000 after a government subsidy for grain movement by rail, called the Crow Rate, was scrapped.
The Canadian Transportation Agency said CN's grain revenue was C$6.9 million (US$4.96 million) higher than its cap of C$738 million, while CP's revenue was C$2.1 million above its cap of C$722 million, reported Reuters.
Ottawa ordered the railways to pay Western Grains Research Foundation, a Saskatoon-based NGO, the excess amount, plus five per cent penalties of C$343,330 for CN and C$106,858 for CP.
CP spokesman Jeremy Berry said the railway was reviewing the agency's ruling and added that the company shipped more western Canadian grain to ports in 2014/15 than it did the previous year.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
