OTTAWA, Ont. — Canada’s top 81 for-hire motor carriers were able to improve their operating ratio to 0.94 in the third quarter, Statistics Canada reports.
This compares with an operating ratio (operating expenses divided by operating revenue) of 0.95 in the third quarter of 2003. Arguably, 0.95 is considerably the minimum healthy level for motor carrier operations. A ratio of greater than 1.00 represents an operating loss.
The top carriers (Canada-based trucking companies earning $25 million or more annually) generated operating revenue of $1.90 billion and expenses of $1.77 billion in the third quarter.
Average per-carrier revenue increased 9.3% from the third quarter of 2003, reaching $23.4 million. Average per-carrier expenses increased 8.0% to $21.9 million.
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