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Monday, December 23, 2002 For-hire motor carriers of freight, top carriersThird quarter 2002The top 83 for-hire motor carriers of freight (Canada-based trucking companies earning $25 million or more annually) generated operating revenues of $1.80 billion and expenses of $1.70 billion in the third quarter. Average per-carrier revenue ($21.7 million) and expenses ($20.5 million) both increased by a little more than 1% from the third quarter of 2001. This financial situation of the top for-hire carriers is similar to that in the third quarter of 2001. The top for-hire carriers' operating ratio (operating expenses divided by operating revenues) was 0.94, similar to the third quarter of 2001. 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 Denis Pilon (613-951-2707; fax: 613-951-0579; (dpilon@statcan.gc.ca), Transportation Division. |
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