Statistics Canada: Average trucking OR improved to 0.92 in 2Q
OTTAWA (Nov. 7, 2001) — The average operating ratio of Canada’s for-hire trucking firms improved one point to 0.92 in the second quarter of this year compared with the same period a year earlier, Statistics Canada reported today.
The agency surveyed 2900 for-hire trucking companies based in Canada with annual revenues of $1 million or more. Their second-quarter operating revenues totalled $5.4 billion, an increase of 10.2% from the second quarter of 2000. Total operating expenses reached $4.9 billion, up 9.6%.
Down slightly were average operating revenues (-0.8%) and expenses (-2.7%). Average expenses were $1.68 million, compared with $1.71 million in the second quarter of 2000. The drop was driven by lower salaries and wages combined with payments to owner-operators, StatsCan noted.
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