The federal government ruled Dec. 31 that Canadian National Railway Co. earned too much money from hauling grain in the 2008-09 crop year and ordered it to pay pack more than $700,000, according to the CanWest News Service.
CN's grain revenue of $479,788,412 was $683,269, or 0.1 percent, above its revenue cap, according to the agency.
CN now has 30 days to pay the amount of excess revenue, plus a five percent penalty, the agency said.
(This item was distributed by the CanWest News Service Jan. 4, 2010.)
