Canadian Pacific (NYSE: CP) reached a record low operating ratio (OR) in the fourth quarter of 2020: 53.9% compared with 57% in the fourth quarter of 2019.
Investors sometimes use OR to gauge the financial health of a company, with a lower OR implying improved financial health. OR is a company’s expenses as a percentage of revenue.
“With a foundation of strong operational performance and a commitment to controlling what we can, the team continues to deliver,” said CP President and CEO Keith Creel...
https://www.freightwaves.com/news/canadian-pacific-q4-operating-ratio-hits-record-low