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Canadian Pacific Railway exceeds grain shipping revenue cap by $1.8M, facing penalty.
The Canadian Transportation Agency (CTA) reported that Canadian Pacific Kansas City Railway Co. (CPKC) exceeded its maximum grain revenue entitlement for the 2023-2024 crop year by $1.8 million, requiring the company to pay the excess plus a 5% penalty.
In contrast, Canadian National Railway Co. was $34.3 million below its entitlement.
The crop year saw a 3.5% drop in grain volumes moved to 43.7 million tonnes.
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Canadian Pacific Railway supera el límite de ingresos del transporte de grano en $1.8 millones, enfrentando penalidad.