Maximum Grain Revenue Entitlements for Crop Year 2024–2025

Ottawa – December 19, 2025 – In a determination issued today, the Canadian Transportation Agency (CTA) ruled that revenue of the Canadian National Railway Company (CN) was below and the Canadian Pacific Kansas City Railway Company (CPKC) was above their respective maximum grain revenue entitlements for the crop year 2024–2025.

Ottawa – December 19, 2025 – In a determination issued today, the Canadian Transportation Agency (CTA) ruled that revenue of the Canadian National Railway Company (CN) was below and the Canadian Pacific Kansas City Railway Company (CPKC) was above their respective maximum grain revenue entitlements for the crop year 2024–2025.

CPKC now has 30 days to pay the amount by which it exceeded its 2024–2025 revenue entitlement, in addition to a five percent penalty of $133,012.

Regulations require this payment to go to the Western Grains Research Foundation.

An increase in the volume of grain moved this crop year

In the 2024–2025 crop year, 49,002,694 tonnes of Western grain were moved. This represents a 12.1 percent increase in volumes compared to the last crop year, which saw 43.7 million tonnes transported. The increase in the volume of grain can be attributed to the increase in shipments for both CN and CPKC as compared to last year.

Determining the Maximum Revenue Entitlement

The Canada Transportation Act requires the CTA to determine each railway company’s annual maximum revenue entitlement (MRE) and whether each entitlement has been exceeded. The revenue entitlement is a form of economic regulation that enables CN and CPKC to set their rates for services, provided the total amount of revenue collected from their shipments of Western grain remains below the ceiling set by the CTA.