Motor carriers’ financial performance drops in 2Q

Avatar photo

OTTAWA, Ont. – The numbers of for-hire carriers with annual revenues over $1 million operating in the Canadian market dropped in the second quarter of 2002 as did their revenues, Statistics Canada reported yesterday.

There were an estimated 2,889 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2002, down from 2,946 carriers in the second quarter of 2001. Operating revenues totalled $5.03 billion and operating expenses reached $4.66 billion, down 6.2% and 5.8% respectively from the second quarter of 2001.

Carrier operating ratio (operating expenses divided by operating revenues) also rose slightly to 0.93. A ratio of 0.94 or lower, arguably, is considered healthy for motor carriers.

For-hire trucking transportation revenues from international movements increased 4.5% to more than $1.81 billion from $1.73 billion in the second quarter of 2001. Revenues from outbound movements were down 1.0%, but revenues from inbound movements increased by more than 10%.

For more information contact Denis Pilon (613-951-2707; fax: 613-951-0579;, Transportation Division.

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.