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Canadian railways penalized for excess grain revenues

2015-12-29 23:12:56| Railroads - Topix.net

Dec 29 The Canadian government said on Tuesday that it has fined the country's two big railways, Canadian National Railway Co and Canadian Pacific Railway Ltd, for earning too much revenue from hauling western grain during the 2014/15 crop marketing year. Ottawa implemented the grain revenue cap in 2000 after it eliminated a subsidy for grain movement by rail called the Crow Rate.

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