Carriers’ revenue, expenses up slightly last quarter
OTTAWA — The top 91 for-hire motor carriers of freight generated operating revenue of $2.4 billion and operating expenses of $2.3 billion in the fourth quarter, both up less than 1 percent from the previous quarter.
According to Stats Canada, average per-carrier revenue increased 2.3 percent from the fourth quarter of 2005 to $26.5 million, while average per carrier expenses increased 2.9 percent to $24.9 million.
The top for-hire carriers’ operating ratio (operating expenses divided by operating revenue) stood at 0.94 in the fourth quarter compare to 0.93 in the same quarter of 2005. A ratio greater than 1.00 represents an operating loss.
The fourth quarter of 2006 data on the top for-hire carriers, taken from the Quarterly Motor Carriers of Freight Survey, provide results from 64 general freight carriers (compared with 66 carriers in 2005) and 27 specialized freight carriers (compared with 25 carriers in 2005).
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