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Dec 19, 2007

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)

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posted by Unknown @ 6:25 AM  0 comments

Dec 14, 2007

QUESTION * UK - How do you make a small fortune in transport?

Answer: Start with a big fortune...!!

London,UK -Road Transport -14 December 2007: -- A well-worn industry joke that may be, but it's founded in truth. This week MT, in association with Barclays Commercial, publishes the Top 100 - and the average data highlights how maintaining the financial health of a transport business has become ever more difficult... While the average turnover increased from £107m in 2006's Top 100 to £141m, average profit dropped from £2.7m to £2.5m. Almost needless to say, the average return on sales got worse too: dropping from 4.05% to 2.78%... Now compare these figures with those in our front page story. Driver pay levels are up 4.5% - ahead of inflation, the rest of the industry and the UK economy as a whole. According to Incomes Data Services, this is due to "efforts to resolve recruitment and retention issues and to compensate drivers for loss of earnings through restrictions on working time". It's no wonder the major employers in transport are already warning union negotiators to be sensitive to the pressures they are under: pay talks for 2008 and beyond will be pitched battlegrounds...

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posted by Unknown @ 12:44 PM  0 comments

Mar 12, 2007

Revenues * Canada - Mullen soars to $1B in

Calgary,CAN -Today's Trucking -7 Mar 2007: -- Mullen Group Income Fund almost doubled its net annual income and revenue on the strength of its booming oilfield trucking operations, the company stated in its 2006 financial report... Mullen Group Income Fund -Canada's third-largest trucking company- announced its consolidated revenues topped $1 billion as compared to $591.7 million for 2005 for the twelve months ended December 31, 2006...

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