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On Oct. 1, Canadian National Railway Co. plans to raise rates 4 percent on about 40 percent of its open tariffs.
The Class I began increasing open-tariff rates Jan. 1 — with some rates rising as much as 10 percent — to offset declining financial performance, increasing operating costs and the strengthening Canadian dollar versus the U.S. dollar, according to a prepared statement.
9/5/2003
Rail News: Rail Industry Trends
CN to raise some rates next month
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On Oct. 1, Canadian National Railway Co. plans to raise rates 4 percent on about 40 percent of its open tariffs.
The Class I began increasing open-tariff rates Jan. 1 — with some rates rising as much as 10 percent — to offset declining financial performance, increasing operating costs and the strengthening Canadian dollar versus the U.S. dollar, according to a prepared statement.
