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For-hire motor carriers of freight, top carriers
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In the third quarter, the top 91 for-hire motor carriers of freight (Canadian-based trucking companies earning $25 million or more annually) generated operating revenue of $2.4 billion and operating expenses of $2.3 billion in the second quarter, both almost unchanged from the preceding quarter.
Average per-carrier revenue increased 5.0% from the third quarter of 2005 to $26.4 million, while average per carrier expenses increased 5.5% to $24.7 million.
The operating ratio (operating expenses divided by operating revenue) was 0.94, compared with 0.93 in the third quarter of 2005. A ratio greater than 1.00 represents an operating loss.
The third quarter of 2006 data on the top for-hire carriers, taken from the Quarterly Motor Carriers of Freight Survey, provide results from 64 general freight carriers and 27 specialized freight carriers.
Readers should note that, with few exceptions, additions and deletions to the top carriers are done only for the first quarter of each calendar year, while the composition of a top carrier may change at any time due to acquisitions or divestitures.
Year-over-year variations in revenue and expenses may arise from changes to the mix of companies included in the top carriers and/or changes in the financial results reported by individual carriers.
The revenue and expenses attributed to top carriers may also include that of some companies with less than $25 million in annual revenue, particularly when these companies exist in complex corporate structures where their individual activities may be difficult to accurately measure.
Definitions, data sources and methods: survey number 2748.
For general information or to order data, contact the Dissemination Unit (toll-free 1-866-500-8400; fax: 1-613-951-0009; transportationstatistics@statcan.gc.ca), Transportation Division.
For more information about the concepts, methods or data quality of this release, contact Denis Pilon (613-951-2707; fax: 613-951-0579; denis.pilon@statcan.gc.ca), Transportation Division.
