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. […] Read more
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Tag Archives grain revenue
‘Unexpectedly high’ fuel costs lift railways’ revenue index
VRCPIs for CN, CP increased for 2023-24
CN over, CP well under 2020-21 grain revenue caps
Railways moved record-level volume during year, CTA says
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 […] Read more
CP, CN overshoot annual grain revenue caps
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 […] Read more
Grain handle down, costs up in CP’s Q1
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 […] Read more
CN, CP roll over revenue caps for 2016-17
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 […] Read more
Prairie grain freight cost index to rise with fuel prices
An “expected sharp rise” in fuel costs in 2017 compared to 2016 may help raise the cap on how much money Canada’s big two railways can charge to move Prairie […] Read more
CP’s revenue, Prairie grain handle down for year
A reduced Prairie grain handle has taken a bite out of the year-end gross for Canadian Pacific Railway in what’s turned out to be CEO Hunter Harrison’s last year on […] Read more
CP, CN both top their Prairie grain revenue caps
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 […] Read more
CP trims outlook on delayed Prairie harvest
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 […] Read more
CN to challenge latest grain revenue penalty
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 […] Read more
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