Carrier revenue, OR steady through ’07
OTTAWA — The top 97 for-hire carriers generated operating revenues of $2.6 billion and operating expenses of $2.4 billion in the fourth quarter.
Stats Canada measures these top carriers as those earning $25 million or more annually.
The year-over-year increases in both operating revenue (+6%) and operating expenses (+7%) were similar to those observed for the first three quarters of the year. During each quarter of 2007, these carriers have experienced growth in expenses that has exceeded that of revenue, resulting in lower operating profits.
In the fourth quarter, the operating ratio (operating expenses divided by operating revenue) was 0.95 compared with 0.94 the previous year. A ratio greater than 1.00 represents an operating loss.
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