Canadian Pacific Reaches All-Time Record Operating Ratio Coupled with Strong 19% Top Line Growth
Canadian Pacific grew third-quarter revenue by an impressive 19% to a reach a record CAD 1.9 billion top line. The rail increased revenue in every major commodity category, with greater than 19% year-over-year growth in potash, fertilizer, energy/chemicals/plastics, automotive, and intermodal sales. We’re maintaining our wide moat rating and are increasing our fair value estimate as we incorporate 2018 growth greater than we anticipated, and project operating ratios stronger than we previously m...Canadian Pacific Railway operates a transcontinental railway in Canada and the U.S. Co.'s business mix includes bulk commodities, merchandise freight and intermodal traffic, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the U.S. Northeast and Midwest regions. As of Dec 31 2016, Co. operated on a network of approximately 12,400 miles of track, of which CP owns 10,800 miles and has access to 1,600 miles under trackage rights and lease agreements. Of the total mileage operated, about 5,600 miles were located in western Canada, 2,000 miles in eastern Canada, 4,400 miles in the U.S. Midwest and 400 miles in the U.S. Northeast.
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