Carrier revenue, expenses slip: Stats Can

OTTAWA, (Sept. 22, 2003) — Statistics Canada has reported that the top 90 for-hire motor carriers earning $25 million or more generated annual operating revenues of $1.91 billion and expenses of $1.82 billion in the second quarter.

The news means average per-carrier revenue decreased 1.3 per cent from the second quarter of 2002, reaching $21.2 million, and average per-carrier expenses decreased 1.7 per cent to $20.2 million.

The top for-hire carriers’ operating ratio (operating expenses divided by operating revenues) was 0.95, compared with 0.96 in the second quarter of 2002. A ratio of greater than 1.00 represents an operating loss.

For more information, or to inquire about the concepts, methods or data quality of the report, contact Jean-Robert Larocque (613-951-2486; fax: 613-951-0579; laroque@statcan.ca) or Denis Pilon (613-951-2707; denis.pilon@statcan.ca), Transportation Division.