OTTAWA, Ont. — The slumping economy is starting to make a dent in the revenue figures of Canada’s largest motor carriers but growth is still healthy, the latest Statistics Canada data indicates.
The top 82 for-hire motor carriers (Canada-based trucking companies earning $25 million or more annually) generated operating revenues of $1.76 billion during the first quarter of this year. Average revenue per carrier was $21.4 million, up 6.5 per cent from the first quarter of 2000.
This was the first growth rate under 10 per cent since the last quarter of 1999. Average per-carrier expenses climbed six per cent to $20.3 million. An encouraging sign was that the increase was less than those posted in the four preceding quarters.