OTTAWA, Ont. – Canadian trucking companies earned operating revenue of $10.1 billion in the first quarter, up 5.2% from the same quarter a year earlier.
During the same period, these firms reported operating expenses of $9.2 billion, compared with $8.6 billion in the first quarter of 2010. Fuel expenses increased 15.2%, mostly as a result of higher prices as consumption rose 2.5%.
Operating profit fell 4.7% to $936 million, as the increase in operating expenses (+6.3%) outpaced that of operating revenue. Companies whose main activity was long distance trucking were responsible for the decline. Their operating profits were $392 million in the first quarter, down from the $527 million in profits they earned during the same quarter a year earlier.
(Note: Statistics Canada has revised its estimates from the Quarterly Trucking Survey for the first quarter of 2010.)
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