Canadian Pacific Railway's operating ratio decreased dramatically between the fiscal year of 2011 and the fiscal year of 2020. From 2020 up until 2023 however, Canadian Pacific Railway reported increasing ratios, with an operating ratio of ** percent as of 2023, a decrease of *** percent compared to the previous year. The operating ratio is calculated by dividing operating expenses by operating revenues.
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Canadian Pacific Railway. (January 27, 2024). Canadian Pacific Railway's operating ratio from FY 2011 to FY 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/548469/operating-ratio-of-canadian-pacific-railway/
Canadian Pacific Railway. "Canadian Pacific Railway's operating ratio from FY 2011 to FY 2023." Chart. January 27, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/548469/operating-ratio-of-canadian-pacific-railway/
Canadian Pacific Railway. (2024). Canadian Pacific Railway's operating ratio from FY 2011 to FY 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/548469/operating-ratio-of-canadian-pacific-railway/
Canadian Pacific Railway. "Canadian Pacific Railway's Operating Ratio from Fy 2011 to Fy 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 27 Jan 2024, /statistics/548469/operating-ratio-of-canadian-pacific-railway/
Canadian Pacific Railway, Canadian Pacific Railway's operating ratio from FY 2011 to FY 2023 ÌÇÐÄÆƽâ°æ, /statistics/548469/operating-ratio-of-canadian-pacific-railway/ (last visited July 27, 2026)
Canadian Pacific Railway's operating ratio from FY 2011 to FY 2023 [Graph], Canadian Pacific Railway, January 27, 2024. [Online]. Available: /statistics/548469/operating-ratio-of-canadian-pacific-railway/
