Less grain shipped last year, APAS head hopes for better
CN and CP Rail made too much money last year shipping grain, according to the federal government – but the president of the Agricultural Producers’ Association of Saskatchewan (APAS) is more concerned about how much grain those companies shipped.
According to an accounting released on Monday, the two companies exceeded their maximum grain revenue entitlement for the 2017/18 shipping season, and at the same time they shipped six per cent less grain in that year than the year before.
The Canadian Transportation Agency said CN rail exceeded its grain revenue entitlement by $1,047,285, and CP went over by $1,500, 513.
The two companies will have to pay those amounts to the Western Grain Research Foundation, plus penalties of $52,364 for CN Rail, and $75,026 for CP Rail.