OTTAWA, Ont. — Canada’s top carriers saw their expenses rise faster than their revenues during the first quarter.
The top 90 for-hire motor carriers of freight (Canada-based trucking companies earning $25 million or more annually) generated operating revenues of $1.93 billion and expenses of $1.84 billion in the first quarter. However, average per-carrier revenue increased 0.5 per cent from the first quarter of 2002, reaching $21.4 million, while average per-carrier expenses increased 0.6 per cent to 20.4 million.
The top for-hire carriers’ operating ratio (operating expenses divided by operating revenues) was 0.95, similar to the first quarter of 2002. A ratio of greater than 1.00 represents an operating loss.
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