NEWS
New Grain-Shipment Mandates for Railway
Fri Mar 7, 2014 02:03 PM CST

TORONTO (Dow Jones) -- The Canadian government took the unusual step Friday of introducing stiff new railway regulations aimed at easing a grain bottleneck that has driven the price of oats to historic highs in the U.S.

Amid an escalating fight between Canadian rail operators and grain farmers over a cross-border bottleneck, Ottawa announced measures backed by stiff penalties that will force Canadian rail operators to move a minimum level of grain.

Canadian Transport Minister Lisa Raitt said the federal government will require Canadian National Railway Co. and Canadian Pacific Railway Ltd. to ship at least 500,000 metric tons of ...

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