In March 2021, Canadian Pacific Railway and Kansas City Southern Railway announced a shares and cash merger of the two companies under the name Canadian Pacific Kansas City (CPKC). Freight revenue for CPKC is forecasted to be around 8.7 billion U.S. dollars based on 2020 combined revenues, with its projected business mix recording merchandise transport as its main source of revenue. This merger was announced while the Canadian rail company recorded 7.71 billion Canadian dollars in total revenue for the 2020 financial year, which is around 6.06 billion U.S. dollars. The Canadian railway network encompassed more than 63,000 kilometers in two countries, playing a major role in the country’s economic growth and trade. Freight commodities like coal, chemicals or nonmetallic minerals were among the most popular within the region in terms of railway carload volume.
Canadian Pacific Railway’s efficient 2020 performance
Hauling some 2.7 million carloads in 2020, Canadian Pacific Railway focused on transporting bulk commodities, merchandise freight and intermodal traffic cross-country. It also operated in the Northeast and Midwest regions of the United States. The Calgary-based company generated the majority of its freight revenue by transporting bulk commodities such as grain and coal. The company’s overall results were impacted by the slowdown in demand due to the Covid-19 pandemic, with energy, chemicals, metals, minerals and consumer products being the most impacted lines of business. However, Canadian Pacific Railway’s operating ratio had significantly dropped from 81.3 percent in 2011 to 59.9 percent in 2019 and 57.1 percent in 2020, showcasing a drop in operating expenses and the overall efficiency of its operations despite the Covid-19 pandemic.
Canadian Pacific Railway trails behind its competitors
Canadian Pacific Railway is considered a Class I railway company in North America, which encompasses companies with gross revenues of more than 250 million Canadian dollars (in 1991 dollars) based in the United States and Canada. It is the sixth leading North American railroad company based on operating revenue, behind its main Canadian competitor Canadian National Railway and Norfolk Southern, which Canadian Pacific Railway unsuccessfully tried to acquire in 2015. With close to 5.6 million carloads transported, Canadian National Railway was the Canadian market leader, hauling under three million carloads more than Canadian Pacific Railway. At around 13.82 billion Canadian dollars in total revenue for the 2020 financial year, Canadian National Railway made over 6 billion more than Canadian Pacific Railway.
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In the following 4 chapters, you will quickly find the 28 most important statistics relating to "Canadian Pacific Railway".