By, , The Western Producer, May 16, 2017
OTTAWA, May 16 (Reuters) – The federal government said on Tuesday it planned to maintain a revenue cap on western grain that railways haul for export, a move farmers praised.
Canadian National Railway and Canadian Pacific Railway firms oppose the cap, formally known as the maximum revenue entitlement (MRE). It dates back to 2000 and aims to balance the market power of the rail industry with that of farmers and grain companies, which in many areas rely on one rail company.
“We’re going to maintain the MRE … It’s a good thing,” Transport Minister Marc Garneau told a news conference.