Top Canadian carriers’ revenue, expenses steady in Q4

Truck News

OTTAWA, Ont. — The top for-hire carriers in Canada saw both operating revenue and expenses remain practically unchanged in the fourth quarter compared to the previous year, according to a recent report from Statistics Canada. The 97 Canadian-based trucking companies – each earning $25 million or more annually – generated operating revenue of $2.6 billion and operating expenses of $2.4 billion in the fourth quarter of 2008,

 

The operating ratio (operating expenses divided by operating revenue) remained unchanged at 0.95 in the fourth quarter compared with the same quarter a year earlier. A ratio greater than 1.00 represents an operating loss.

Truck News

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.

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