The western producer january 7, 2016

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THURSDAY, JANUARY 7, 2016

VOL. 94 | NO. 1 | $4.25

SEE OUR TOP STORIES OF 2015 | P4-5

SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923

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WWW.PRODUCER.COM

2016 MARKET FORECAST What farmers need to know about markets — and the wild cards that could change everything | P.6

MICHELLE HOULDEN ILLUSTRATION

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TRANSPORTATION

Railways ordered to pay $7.2M CN and CP exceeded the revenue cap by about $9 million in 2014-15, says transport agency BY BRIAN CROSS SASKATOON NEWSROOM

Canada’s two biggest railway companies have been ordered to surrender nearly $9 million in excess revenue and another $450,000 in fines because they exceeded their maximum revenue entitlements for moving western Canadian grain

the 2014-15 crop year. In a Dec. 29 ruling, the Canada Transportation Agency ordered Canadian National Railway to pay more than $7.2 million, including $6.9 million in excess revenues and about $343,000 in fines. Canadian Pacific Railway was ordered to repay nearly $2.25 million, including more than $2.1 million in

excess revenue and $106,000 in fines. Maximum revenue entitlements (MREs), also known as railway revenue caps, limit the revenue railways can generate from moving a tonne of western Canadian grain. The CTA ruling says CN moved 20.3 million tonnes of regulated western Canadian grain in 2014-15 and collected revenues of $745 mil-

lion, about $6.9 million more than its MRE of $738 million. CN’s average length of haul was 1,627 kilometres, the ruling said. CP moved nearly 21 million tonnes of grain and collected revenue of $724 million, about $2.1 million more than its MRE of $722 million. SEE RAILWAYS ORDERED, PAGE 3

ASK HOW YOU CAN EARN CASH BACK with the AGI SHARE PROGRAM Visit the AGI booth #C8 at the Crop Production Show.

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The Western Producer is published in Saskatoon by Western Producer Publications, which is owned by GVIC Communications Corp. Publisher: Shaun Jessome Publications Mail Agreement No. 40069240

JANUARY 7, 2016 Return undeliverable Canadian addresses to: Box 2500, Stn. Main, Saskatoon, SK. S7K 2C4


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