Top carrier revenue dips slightly in 4Q
OTTAWA — The largest trucking companies in Canada generated combined operating revenue of $2.36 billion and expenses of $2.20 billion in the fourth quarter of 2005.
The top 91 for-hire carriers with annual earning of $25 million or more average revenue decreased 3.2 percent from the fourth quarter of 2004 to $25.9 million, Stats Canada reports. Average per-carrier expenses decreased 2.5 percent to $24.2 million.
The top for-hire carriers’ operating ratio (operating expenses divided by operating revenue) was unchanged at 0.93 compared with the fourth quarter of 2004. A ratio greater than 1.00 represents an operating loss.
Fourth 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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