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TRUCKING MARKET * Canada - Truckers turn a profit to end 2009
Statistics Canada’s new Quarterly Trucking Survey, trucking companies earned operating revenue of $9.9 billion in last year’s final quarter
(Video from youTube, by joe85043 - 18 Feb 2009: Driving into Canada from New York State on Interstate 87/Canada Highway 15)
Ottawa,ONT,CAN -Today's Trucking -20 Aug 2010: -- Margins may have been slimmer than owners may have liked but Canada’s trucking community turned a profit during the fourth quarter of 2009... During the same period, these businesses reported operating expenses of $8.9 billion and as a result, the operating ratio (operating expenses divided by operating revenue) was 0.898. A ratio greater than 1.000 represents an operating loss... Among the specific expense categories obtained by the survey, salaries and wages accounted for 28 percent of total operating expenses, while fuel expenses represented 18 percent. All other operating expenses, such as payments to owner-operators, purchased transportation services, maintenance and depreciation, represented more than half (54 percent) of the total operating expenses incurred during the fourth quarter of 2009...
* TransCore’s freight index continues to rise above 2009
Toronto,ONT,CAN -Today's Trucking -20 Aug 2010: -- Despite a drop in freight volume from June to July, TransCore’s Canadian Freight Index showed a 53 percent increase year-over-year from July 2009 to July 2010... After registering continuous increases from January to June this year, with June being the highest recorded freight volume since June 2008, July freight volume dipped slightly by 19 percent compared to the previous month... However, TransCore notes, this fluctuation in the summer months is consistent with the five-year historical trend representing seasonality, vacation and construction activity... Combined cross-border loads were up 69 percent year-over-year while equipment availability continued to decrease by 18 percent from July 2009...
Labels: trucking markets
posted by Unknown @ 5:22 AM
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