CN Rail to pay $5Mil penalty
The Canadian Transportation Agency is penalizing the Canadian National Railway company more than $5 Million for the 2013-2014 crop year.
The rail company exceeded it’s maximum revenue allowed for hauling western grain.
The Transportation Agency requires that CN pay the $5 Million penalty within 30 days to the Western Grains Research Foundation.
Meanwhile, Canadian Pacific Rail came in $1.6 Million below their allowed revenue from hauling grain.
During the 2013-2014 crop year, more than 38 million tonnes of western grain were moved by rail, which is 18.8 per cent more than was hauled during the previous year.