OTTAWA, Ont. Canadas top 97 for-hire motor carriers (Canadian-based trucking companies earning $25 million or more annually) generated operating revenues of $2.5 billion and operating expenses of $2.4 billion in the second quarter, according to Statistics Canada.
Average per-carrier revenues and expenses decreased slightly from the second quarter of 2006. Per-carrier revenues decreased 1.3% to $26.0 million and per-carrier expenses declined 0.5% to $24.5 million.
The top for-hire carriers’ operating ratio (operating expenses divided by operating revenues) was 0.94, similar to that of the second quarter of 2006. A ratio greater than 1.00 represents an operating loss.
Second quarter 2007 data on the top for-hire carriers, taken from the Quarterly Motor Carriers of Freight Survey, provide results from 66 general freight carriers (compared with 64 carriers in 2006) and 31 specialized freight carriers (compared with 27 carriers in 2006).
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