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Revenues & Expenses - Canada - No improvement in operating ratio for top carriers
OTTAWA, Ont.,CAN -Truck News, by Lou Smyrlis -7 Sept 2006: -- The nations top 91 for-hire motor carriers saw their revenues rise by 5.7% in the second quarter compared to the same period the previous year. Unfortunately, their expenses also rose by the same percentage, according to data released today by Statistics Canada... As a result, the top for-hire carriers' operating ratio (operating expenses divided by operating revenue) remained at 0.94, similar to the second quarter of 2005. A ratio greater than 1.00 represents an operating loss... Arguably, a ratio of 0.95 or better is considered healthy for the trucking industry, although many industries operate at more profitable average margins... The countrys largest trucking companies (Canadian-based trucking companies earning $25 million or more annually) generated operating revenue of $2.4 billion and expenses of $2.2 billion in the second quarter. Average per-carrier revenues were $26.3 million and expenses $24.6 million... The second quarter of 2006 data on the top for-hire carriers, taken from the Quarterly Motor Carriers of Freight Survey, provide results from 64 general freight carriers and 27 specialized freight carriers...
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