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The Daily. Monday, March 19, 2001
The top 81 for-hire motor carriers of freight (Canada-based trucking companies earning $25 million or more annually) generated operating revenues of $1.75 billion during the fourth quarter. Average revenue per carrier rose 11% compared with the fourth quarter of 1999 to $21.59 million, while average expenses climbed 12% to $20.44 million. On average, top carriers continued to pay more for fuel, 28% more than in the fourth quarter of 1999.
The operating ratio (operating expenses divided by operating revenues) for all top for-hire carriers deteriorated from the fourth quarter of 1999 from 0.94 to 0.95 (a ratio of greater than 1.00 represents an operating loss).
For more information, or to enquire about the concepts, methods or data quality of this release, contact Gilles Paré (613-951-2517; fax: 613-951-0579; (paregil@statcan.gc.ca), Transportation Division.