These measures represent only some of the indicators of railroad performance. Readers are therefore cautioned not to rely solely on this information as an indication of CP’s overall performance, financial or otherwise, as it may be misleading when viewed in isolation.
Starting in 1Q 2016, CP will be amending its definition of "Employees." CP's prior employee definition reflected only full-time employees who had worked more than 40 hours in a pay period; as our business continues to change and evolve, the company has determined that a better and more fulsome definition should capture all employees regardless of the number of hours worked.
A spreadsheet summarizing the impact to CP's historical employee counts can be found
The definition of workforce – the metric most commonly referenced by management – remains unchanged.
1. New revenue breakoutTo provide the investment community with better visibility into CP’s revenue drivers we have broken out our existing lines of business into more detail:
2. Expense reclassificationBillings to third parties for the recovery of costs incurred for freight car repairs and servicing have been reclassified from “Purchased services and other” to “Compensation and benefits” and “Materials” in order to match the billings with the costs incurred on behalf of the third parties. Total operating expenses are unchanged as a result of this reclassification.
A spreadsheet showing the impact of these changes on our historical results can be downloaded
CP reports carload data on a weekly basis to the Association of American Railroads (AAR). The links below contain the data provided to the AAR as well as the same data reorganized to reflect the line of business categories used by CP for financial reporting purposes.
Effective September 1, 2013 CP has updated its definitions for terminal dwell and train speed to better reflect operational changes and performance. As a result of these updates, CP’s performance measures will not be directly comparable to the metrics reported by other Class 1 railroads and will no longer be posted on the AAR’s website. Key performance measures will still be posted to CP’s website on a weekly basis.
Train Speed measures the line-haul movement from origin to destination. The average speed is calculated by dividing train-miles by total hours operated, excluding yard and local trains, passenger trains, maintenance of way trains. System-wide average train speeds are given for the following train types:
Terminal Dwell is the average time a car resides within terminal boundaries expressed in hours. The measurement begins with a customer release, received interchange, or train arrival event and ends with a customer placement (actual or constructive), delivered or offered in interchange, or train departure event. This will exclude stored, bad ordered, and maintenance of way cars.
Cars On Line is the average of the daily on-line inventory of freight cars. Articulated cars are counted as a single unit. Cars on private tracks (e.g., at a customer's facility) are counted on the last railroad on which they were located. Maintenance of way cars are excluded.
Cars on Line figures are reported by car type for the following car types:
and by car ownership: