Top Canadian carriers getting richer: Stats Can
OTTAWA, (June 14, 2005) — The top 91 for-hire motor carriers earning $25 million or more a year generated operating revenue of $2.22 billion and expenses of $2.08 billion in the first quarter.
Statistics Canada reports that average per-carrier revenue increased 3.8 percent from the first quarter of 2004 to $24.4 million. Average per-carrier expenses increased 2.5 percent to $22.8 million.
The top for-hire carriers’ operating ratio (operating expenses divided by operating revenue) was 0.94, compared with 0.95 in the first quarter of 2004. A ratio greater than 1.00 represents an operating loss.
First quarter 2005 data on the top for-hire carriers, taken from the Quarterly Motor Carriers of Freight Survey, provide results from 66 general freight carriers and 25 specialized freight carriers.
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