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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.