OTTAWA, (Sept. 2, 2004) — The number of Canadian for-hire trucking companies with $1 million revenues or more shot up 10 per cent in the first quarter this year compared to the same period in 2003.
An estimated 3,260 for-hire trucking companies topped the $1 million mark, Stats Canada reports.
The operating revenues totalled $6.16 billion while their operating expenses reached $5.84 billion — both up 14 per cent from the first quarter of 2003. The increase in expenses was mainly driven by higher payments to owner operators (up 20%) and maintenance expenses ( up 18%).
Average operating revenues and expenses per carrier both increased 4 per cent from the same period in 2003. Average operating revenues were $1.89 million, up from $1.82 million and average expenses were $1.79 million, up from $1.73 million.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.