Motor carrier revenues drop in second quarter

Avatar photo

OTTAWA, Ont. — Canadian motor carrier operating revenues for the second quarter of 2007 dropped 2%, compared to the previous quarter, Statistics Canada data released today indicates.

Operating expenses were also down but not to the same degree, dropping 1.5% compared to the same quarter in 2006.

Still, the operating ratio (operating expenses divided by operating revenues) remained unchanged at 0.94.

Operating revenues for carriers earning at least $1 million annually totalled $7.0 billion in the second quarter.. Operating expenses reached $6.6 billion.

Average operating revenues and expenses per carrier were slightly higher than those reported during the second quarter of 2006. Average operating revenues reached $2.0 million, up 0.5%. Average operating expenses were $1.9 million, up 1.0%.

There were an estimated 3,482 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2007, down from 3,570 carriers in the second quarter of 2006.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.