Canadian Pacific Kansas City exceeded grain revenue limit for 2023-24 crop year, transportation agency says [Globe and Mail, The (Toronto, Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Globe and Mail, The
increase exceeded its maximum grain revenue entitlements for the 2023 to 2024 crop year. The agency says CPKC's revenue was $1.8-million above its entitlement of $869.89-million. It says the railway must pay the excess, plus a five per cent penalty of $91,204, to the Western Grains Research Foundation. The agency says Canadian National Railway Co. was $34.3-million below its entitlement of $1.248-billion. It says the 2023 to 2024 crop year saw a 3.5 per cent decrease in volumes from the previous year to 43.7 million tonnes, mainly because of lower crop exports. The system that sets the maximum grain revenue for the two railways in 2000 replaced a previous system that set the maximum rates railways could charge shippers. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith Sign up Explore newsletters Report an editorial error Report a technical issue
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News
- https://seekingalpha.com/article/4746302-tracking-chris-hohns-tci-fund-management-13f-portfolio-q3-2024-update [Seeking Alpha]Seeking Alpha
- CPKC exceeded grain revenue limit: Canadian Transportation Agency [BNN Bloomberg (Canada)]BNN Bloomberg
- CPKC exceeded grain revenue limit: Canadian Transportation Agency [Yahoo! Finance Canada]Yahoo! Finance Canada
- Trump's tariff vow could undercut business case behind CP Rail's 2023 takeover of Kansas City Southern [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Unifor ratifies new deals with CN [Yahoo! Finance]Yahoo! Finance
CNI
Earnings
- 10/22/24 - Beat
CNI
Sec Filings
- 11/4/24 - Form SC
- 10/22/24 - Form 6-K
- 10/8/24 - Form SCHEDULE
- CNI's page on the SEC website