For the first time since the 2002-03 crop year, neither Canadian National nor Canadian Pacific Railway exceeded their revenue cap for grain handling in 2009-10.

CN's grain revenue totaled $464.9 million - below its maximum set by the Canadian Transportation Agency at $467.6 million. CP posted grain revenue of $454 million with a cap of $455.7 million.

Revenue for both railways was down compared with 2008-09 crop year.

If the railways exceed the CTA-enforced maximum, they must pay the excess, plus a penalty, to the Western Grains Research Foundation.

~ Wednesday, December 22, 2010 ~