CALGARY – Calgary-based Canadian Pacific Railway Ltd. (TSX:CP) is aiming to take over U.S. peer Norfolk Southern Corp. in a stock-and-cash deal valued at US$28 billion. Here’s a look at how the two railroads stack up against each other:
Network size:
Canadian Pacific: approximately 21,000 kilometres
Norfolk Southern: approximately 32,000 kilometres
Average employee count year-to-date in 2015 (as of third-quarter results):
Canadian Pacific: More than 14,000
Norfolk Southern: More than 30,000
Annual revenues in 2014:
Canadian Pacific: C$6.6 billion
Norfolk Southern: US$11.6 billion
Stock market value on NYSE on Wednesday:
Canadian Pacific: around US$21 billion
Norfolk Southern: around US$26 billion
Operating Ratio, a closely-watched measure of profitability by calculating operating expenses as a share of revenues (lower is better):
Canadian Pacific: 59.9 per cent
Norfolk Southern: 69.7 per cent
(Sources: Canadian Pacific, Norfolk Southern)
