Statistics Canada Reports
Motor Carriers Revenues Down in Second Quarter
(February 14, 2008) – Newly released Statistics
Canada numbers show Canadian motor carrier operating revenues for the second
quarter of 2007 dropped 2%, compared to the previous
quarter.
Operating expenses were also down but not to the same degree, dropping 1.5% compared to the same quarter in 2006.
The operating ratio (operating expenses divided by operating revenues) remained unchanged at 0.94.
Operating revenues for carriers earning at least $1 million annually totalled $7.0 billion in the second quarter. Operating expenses reached $6.6 billion.
Average operating revenues and expenses per carrier were slightly higher than those reported during the second quarter of 2006. Average operating revenues reached $2.0 million, up 0.5%. Average operating expenses were $1.9 million, up 1.0%.
There were an estimated 3,482 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2007, down from 3,570 carriers in the second quarter of 2006.
Operating expenses were also down but not to the same degree, dropping 1.5% compared to the same quarter in 2006.
The operating ratio (operating expenses divided by operating revenues) remained unchanged at 0.94.
Operating revenues for carriers earning at least $1 million annually totalled $7.0 billion in the second quarter. Operating expenses reached $6.6 billion.
Average operating revenues and expenses per carrier were slightly higher than those reported during the second quarter of 2006. Average operating revenues reached $2.0 million, up 0.5%. Average operating expenses were $1.9 million, up 1.0%.
There were an estimated 3,482 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2007, down from 3,570 carriers in the second quarter of 2006.
Source: Statistics Canada
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