Canadian National Rail has to repay excess grain revenue

The revenue of the Canadian National Railway Company for the movement of Western grain had exceeded its revenue cap for the crop year 2008-2009.

On the other hand, the Canadian Pacific Railway Company's revenue from grain transportation for the same period was below its cap, said the Canadian Transportation Agency (CTA) on Thursday (Dec 31).

Canadian National Railway Company has 30 days to pay the amount by which it exceeded its 2008-2009 revenue cap, in addition to a 5% penalty of C$34,163 (US$32,532).

The Canadian government regulations order that such payments must be made to the Western Grains Research Foundation, a farmer-funded and directed organisation set up to fund research that benefits farmers.