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PROFITS * Canada - Largest carriers increase revenues but fail to keep lid on costs
Ottawa,Ont,CAN -Truck News, by Lou Smyrlis -8 Dec 2006: -- Costs are rising faster than revenues for Canada’s largest motor carriers, an analysis of third quarter financials released today by Statistics Canada reveals... In the third quarter, the top 91 for-hire motor carriers of freight (Canadian-based trucking companies earning $25 million or more annually) generated operating revenue of $2.4 billion and operating expenses of $2.3 billion, both almost unchanged from the preceding quarter... However, average per carrier revenue increased 5.0% from the third quarter of 2005 to $26.4 million, while average per carrier expenses increased 5.5% to $24.7 million...
posted by Unknown @ 11:32 AM
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