Mr. Tirole, 2014 Winner of Nobel Prize for Economics, has said, “regulation is a complex subject because it must be light enough to prevent entrepreneurship from being squelched,” while “at the same time you need to have a strong state which is going to enforce those regulations.” The discussion among Members was very much in the same vein: that regulation is sometimes difficult but, on occasion, essential. The key is to grasp the difficulties and proceed, cautiously aware of the complexities and subtleties.

Transportation industry leaders gathered in Winnipeg to discuss freight forecasts that impact Western Canada’s transportation network: potash, coal, agricultural products, energy products and containerized goods. Shippers and transportation providers then responded and outlined the challenges and opportunities of each commodity.