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Canada forces railways to ship grains to reduce backlog

(Source: Bloomberg News, March 7, 2014)

OTTAWA -- Canadian Pacific Railway Ltd. and Canadian National Railway Co. will be required to increase the volumes carried each week over a period of four weeks to move 1 million metric tons of grain each week, Transport Minister Lisa Raitt said today at a press conference in Winnipeg. Railways that donít comply will face penalties of as much as C$100,000 ($90,000) per day, Raitt said.

Full story: Bloomberg News

Monday, March 10, 2014

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