From Weber
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The Canadian Transportation Agency (CTA) yesterday announced a 4.2 percent increase in the Volume-Related Composite Price Index (VRCPI) it uses to determine the maximum "revenue entitlement" for CN and Canadian Pacific to move western grain. The CTA now has set the index at 1.3219 for the 2014-15 crop year that begins Aug. 1. The index will be applied when the agency makes its grain revenue entitlement deter-minations by Dec. 31, 2015, for the 2014-15 crop year. Essentially an inflation factor, the VRCPI is a composite of the forecasted prices for rail labor, fuel, material and capital purchases. The index is one of numerous factors in-cluded in a formula the CTA uses to calculate the grain revenue entitlement. The 4.2 percent increase stems from two developments: a 1.2 percent increase due to forecasted price changes for rail inputs for the 2014-15 crop year; and a 3 percent increase correction due to the effect of replacing last year's forecasts with actual data and incorpo-rating the changes in the 2014-15 forecasts, CTA officials said in a press release. (PROGRESSIVE RAILROADING)
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So the railways got rewarded for not doing their job of moving grain.
That increase will more than pay the fines.
Nice hey?
And we are still waiting for the unload data for the last month, while the railways are looking for to a raise come August 1.
When do you think they will make an effort.
The government takes no time to OK an increase but leaves farmers hanging for months on actual data and meaningful action.
Interestingly though,in order to calculate the cap they need the railways data.
Why isn't it for public scrutiny?
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The Canadian Transportation Agency (CTA) yesterday announced a 4.2 percent increase in the Volume-Related Composite Price Index (VRCPI) it uses to determine the maximum "revenue entitlement" for CN and Canadian Pacific to move western grain. The CTA now has set the index at 1.3219 for the 2014-15 crop year that begins Aug. 1. The index will be applied when the agency makes its grain revenue entitlement deter-minations by Dec. 31, 2015, for the 2014-15 crop year. Essentially an inflation factor, the VRCPI is a composite of the forecasted prices for rail labor, fuel, material and capital purchases. The index is one of numerous factors in-cluded in a formula the CTA uses to calculate the grain revenue entitlement. The 4.2 percent increase stems from two developments: a 1.2 percent increase due to forecasted price changes for rail inputs for the 2014-15 crop year; and a 3 percent increase correction due to the effect of replacing last year's forecasts with actual data and incorpo-rating the changes in the 2014-15 forecasts, CTA officials said in a press release. (PROGRESSIVE RAILROADING)
_____________________
So the railways got rewarded for not doing their job of moving grain.
That increase will more than pay the fines.
Nice hey?
And we are still waiting for the unload data for the last month, while the railways are looking for to a raise come August 1.
When do you think they will make an effort.
The government takes no time to OK an increase but leaves farmers hanging for months on actual data and meaningful action.
Interestingly though,in order to calculate the cap they need the railways data.
Why isn't it for public scrutiny?