OTTAWA, ON — December 19, 2025 — Leads & Copy — The Canadian Transportation Agency (CTA) has determined that the Canadian National Railway Company (CN) and the Canadian Pacific Kansas City Railway Company (CPKC) had revenue figures that fell below and exceeded, respectively, their maximum grain revenue entitlements for the 2024–2025 crop year.
CN’s grain revenue was $1,454,604,793, which is $5,913,453 below its entitlement of $1,460,518,246.
CPKC’s grain revenue reached $1,066,938,687, exceeding its entitlement of $1,064,278,437 by $2,660,250.
CPKC is required to pay the excess amount within 30 days, along with a five percent penalty of $133,012. Regulations stipulate that this payment must be directed to the Western Grains Research Foundation.
In the 2024–2025 crop year, the volume of Western grain moved totaled 49,002,694 tonnes, marking a 12.1 percent increase compared to the previous year’s 43.7 million tonnes. The increase in volume can be attributed to increased shipments by both CN and CPKC.
The Canada Transportation Act mandates the CTA to determine each railway company’s annual maximum revenue entitlement (MRE) and assess whether each entitlement has been exceeded. The revenue entitlement allows CN and CPKC to set service rates, provided that the total revenue from Western grain shipments remains below the ceiling established by the CTA.
Additional resources include a Maximum Revenue Entitlement guide and maximum revenue entitlement determinations since 2000–2001. More about CTA’s mandate can be found on its website.
Source: Canadian Transportation Agency
