In the 2020–2021 crop year, Canadian Pacific and CN collectively moved 52,334,795 metric tons of Western grain, 9.0% more than the volume moved during the previous crop year and the highest volume ever on record. For CN, its record volume comes at a price, as grain is a heavily regulated commodity in Canada, with revenue caps or “entitlements” set by the Canadian Transportation Agency (CTA), Canada’s equivalent of the U.S. Surface Transportation Board.
Canadian Transportation Agency
The Canadian Transportation Agency (CTA) last month released its decision to approve CN’s proposed C$250 million logistics hub/intermodal facility, to be built in Milton, Ontario.
The Canadian Transportation Agency (CTA) ruled that CN and Canadian Pacific (CP) grain revenues for the 2019-20 crop year were above their respective Maximum Revenue Entitlements (MRE). Each railroad must pay the amount that exceeded MRE plus a 5% penalty.
Canadian Pacific President and CEO Keith Creel has lashed out at the Canadian Transportation Agency’s (CTA) investigation of possible freight rail service problems at the Port of Vancouver, calling the agency’s probe “far-reaching” and “irresponsible.”
Ottawa is due repayment after Canada’s largest railroads, Canadian Pacific and CN, exceeded the maximum revenue for hauling grain allowed by federal law in 2017-2018.
The Surface Transportation Board (STB) announced that on Dec. 8 Chairman Daniel R. Elliott III visited the Canadian Transportation Agency (CTA) in Ottawa, Canada and signed a Memorandum of Understanding to facilitate information sharing between the agencies.
Canadian Pacific on November 8 launched a website in response to Canadian Transportation Safety Board (TSB) Chairwoman Kathy Fox’s Oct. 31 public pronouncement that 6% of human-caused rail incidents may have involved fatigue.
Three years ago today, the people of Lac-Mégantic could never have imagined this.