SUMMARY

This enactment replaces the regulation of maximum rates for the movement of grain with the regulation of maximum revenues that the Canadian National Railway Company, the Canadian Pacific Railway Company and any other railway company that may be prescribed may earn for the movement of grain. Tariff rates for single car movements of grain originating on branch lines will not be allowed to exceed main line tariff rates for similar movements by more than three per cent.

The enactment revises the final offer arbitration provisions to provide for the simultaneous submission of offers, the option to use three arbitrators, and a streamlined process for disputes valued at less than $750,000. Provisions for branch lines are being amended to provide longer notice and negotiation periods when a railway company plans to discontinue service on a line and to provide remedies if parties do not negotiate the transfer of a line in good faith. Additional remedies are being provided in the event a railway company does not fulfill its level of service obligations for grain-dependent branch lines. Railway companies will be required to provide annual compensation to local municipalities for three years equal to $10,000 per mile when service is discontinued on a grain-dependent branch line.

The enactment authorizes the Minister to provide information to a third party for the purpose of monitoring the grain handling and transportation system.