The top 82 for-hire motor carriers of freight (Canada-based trucking companies earning $25 million or more annually) managed to increase revenues during the second quarter by four percent compared to the same period last year, despite the economic slowdown
These carriers generated operating revenues of $1.78 billion during the first quarter. Average revenue per carrier was $21.7 million.
However, average per-carrier expenses climbed faster rising 4.5 percent to $20.5 million. Overall fuel expenses increased almost 15 percent from the second quarter of 2000 but this represents the lowest increase in two years.
The operating ratio (operating expenses divided by operating revenues) for all top for-hire carriers was 0.94, unchanged from the second quarter of 2000. A ratio of greater than 1.00 represents an operating loss.
For more informationcontact Gilles Par (613-951-2517; fax: 613-951-0579; firstname.lastname@example.org), Transportation Division.
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