![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Drop in motor carrier revenues * Canada - Causes deterioration in operating ratio
The operating ratio for Canada's for-hire carriers earning at least one million in annual revenues deteriorated to 0.94, according to Statistics Canada records for the first quarter of 2007
Ottawa,Ont,CAN -Truck News -14 Dec 2007: -- ... The operating ratio measures operating expenses divided by operating revenues... While operating expenses were down 4.8% for the first quarter compared to the same period in 2006, operating revenues declined 5.9% for the same period. Operating expenses reached $6.5 billion and revenues totalled $6.9 billion... On a year-over-year basis, average operating revenues declined 6.9% to $1.9 million, while average operating expenses decreased 5.8% to $1.8 million... In addition, for-hire trucking transportation revenues from domestic movements decreased by 11.2% to $4.5 billion from the $5.0 billion registered in the first quarter of 2006. In contrast, revenues from international movements increased 9.2%, mainly because of an almost 14% growth in revenues from outbound movements... There were an estimated 3,579 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the first quarter of 2007, up from 3,541 carriers in the first quarter of 2006... (Video YouTube, by lwittkugel -January 16, 2007: "Trucking In Canada". A fully edited truck music viedo from eastern Canada. Soundtrack by AC/DC)
Labels: profits and revenues
posted by Unknown @ 6:25 AM
0 Comments:
Post a Comment
<< Home