CPKC overshoots grain revenue entitlement, CN stays in bounds
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Railways’ maximum grain revenue entitlements are set based on volume-related composite price indices, which are based on historical input costs like labour, fuel and material. Photo: File
Canadian Pacific Kansas City Railway Company (CPKC) exceeded its grain revenue cap for 2025 and will face a penalty, the Canadian Transportation Agency said on Friday.
CPKC’s revenue entitlement was just over $1.06 billion. It surpassed that by about $2.66 million. The company will be required to pay excess, plus a five per cent penalty, to the Western Grains Research Foundation.
Canadian National Railway Company (CN) did not exceed its revenue cap of about $1.46 billion. It posted a grains revenue of a bit more than $1.45 billion.
Railways’ maximum grain revenue entitlements are set based on volume-related composite price indices, which are based on historical input costs like labour, fuel and material.
Grain movement spike
Western Canadian grain movement rose by 12.1 per cent over the 2024-2025 crop year compared to the previous crop year, the transport agency said. Railways moved a bit more than 49 million tonnes compared to 43.7 million tonnes in the previous crop year.
The federal agency attributed this to an increase in shipments for both railways.
