For-hire motor carrier revenue, expenses jump again
OTTAWA — The top 91 for-hire motor carriers of freight generated operating revenue of $2.4 billion and expenses of $2.2 billion in the second quarter this year, reports Stats Canada.
Average per-carrier (measured by Canadian-based trucking companies earning $25 million or more annually) revenues and expenses both increased by 5.7% from the second quarter of 2005 to $26.3 million and $24.6 million, respectively.
The top for-hire carriers’ operating ratio (operating expenses divided by operating revenue) was 0.94, similar to the second quarter of 2005. A ratio greater than 1.00 represents an operating loss.
The second 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 and 27 specialized freight carriers.
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