OTTAWA, Ont. The nation’s top motor carriers — 91 Canadian-based trucking companies earning $25 million or more annually saw both their revenues and expenses decrease in the second quarter, according to a report from Statistics Canada.
Average per-carrier revenue decreased 1.1% from the second quarter of 2004 to $24.9 million. Average per-carrier expenses decreased 1.4% to $23.3 million. Overall the top motor carriers generated operating revenue of $2.26 billion and expenses of $2.12 billion in the second quarter.
The top for-hire carriers’ operating ratio (operating expenses divided by operating revenue) was unchanged at 0.94 compared with the second quarter of 2004. A ratio greater than 1.00 represents an operating loss.
Statistics Canada’s second 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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