Canadian for-hire revenue dips slightly
OTTAWA — The top 91 for-hire motor carriers of freight generated operating revenue of $2.26 billion and expenses of $2.12 billion in the second quarter of 2005, Stats Can reports.
Average per-carrier revenue decreased 1.1 percent from the second quarter of 2004 to $24.9 million. Average per-carrier expenses decreased 1.4 percent to $23.3 million.
The top for-hire carriers’ (made up of Canadian-based trucking companies earning $25 million or more annually) operating ratio was unchanged at 0.94 compared with the second quarter of 2004. A ratio greater than 1.00 represents an operating loss.
Second quarter 2005 data on the top for-hire carriers, taken from the Quarterly Motor Carriers of Freight Survey, provide results from 66 general freight carriers and 25 specialized freight carriers.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.