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In the 2023 fiscal year, Canadian Pacific employed * people, **** percent more people than the previous year. The company makes 38 percent of its freight revenue from bulk freight.

Revenue pre- and post-pandemic outbreak

Like its employee numbers, Canadian Pacific has seen a steady growth in its annual revenue since 2016. However, in light of the Covid-19 pandemic, revenues in 2020 reveal that the company was hit by low demand for freight services – oil demand, for example, had been severely affected amid the crisis. The railway company has nevertheless seen record grain shipments in 2020. Nonetheless, in the 2023 financial year, the revenue of Canadian Pacific Railway increased by almost ** percent, amounting to just under **** billion Canadian dollars.

A glance at Union Pacific’s recent headcount

Canadian Pacific Railway’s major competitor – with a market value nearly twice the size of Canadian Pacific’s – Union Pacific has, unlike Canadian Pacific, seen a steady decline in employees since 2016. In 2023, the market leader reported * employees, which was a slight increase compared to the previous year. This was due to a combination recovery of revenue in 2022 and 2023 and the implementation of efficiency measures.