(Source: Freight Waves, January 27, 2021)
CHATTANOOGA, Tenn. — Canadian Pacific 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.
Full story: Freight Waves