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Industry: Email Alert RSS FeedCanadian Pacific Rail To Challenge CTA Decision.
Resource News International, February, 2008
Byline: Resource News International
WINNIPEG, MB, Feb 20, 2008 (Resource News International via COMTEX) -- Canadian Pacific Railway will challenge a recent decision by the Canadian Transportation Agency that adjusted the grain hopper revenue entitlement of the company retroactive to August 1, 2007, a release from CPR said Wednesday.
The company said the adjustment would result in its earning falling by up to 13 Canadian cents a share in 2008.
The CTA announced a volume-related adjustment that translates to a $2.59 per tonne impact on the railway revenue entitlement. The decision is retroactive to August 1, 2007.
"We disagree, among other things, with the retroactive component of the CTA's adjustment, and we will vigorously...
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