Canada’s two largest railways exceeded grain revenue caps set by the Canadian Transportation Agency. The agency reported that Canadian Pacific Railway and Canadian National Railway over-topped maximum revenue entitlements for the crop year by $1.5 million and $1.04 million respectively. The companies now have 30 days to pay the overages, plus penalties of five percent, to the Western Grains Research Foundation. In all, the two railways moved 40.6 million metric tons of grains during 2017/18, down six percent from the previous crop year. The average length of haul-in came in unchanged from 2016/17 at 953 miles.
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