Carrier revenue rises in 3rd Q
OTTAWA — The top 91 for-hire motor carriers earning $25 million or more annually generated operating revenue of $2.28 billion and expenses of $2.13 billion in the third quarter.
Average per-carrier revenue increased 7.2 percent from the third quarter of 2004 to $25.1 million. Average per-carrier expenses increased 6.8 percent to $23.4 million, Statistics Canada reports.
The top for-hire carriers’ operating ratio (operating expenses divided by operating revenue) improved to 0.93, compared with 0.94 in the third quarter of 2004. A ratio greater than 1.00 represents an operating loss.
Third quarter 2005 data on the top for-hire carriers, taken from the Quarterly Motor Carriers of Freight Survey, provide results from 66 general freight carriers and 25 specialized freight carriers.
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