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Top For-hire Carriers
For-hire motor carriers of freight, top carriers
Third quarter 2007
STATSCAN - The top 97 for-hire motor carriers of freight (Canadian-based trucking companies earning $25 million or more annually) generated operating revenues of $2.5 billion and operating expenses of $2.4 billion in the third quarter, both up less than 1% from the previous quarter.
On a year-over-year basis, operating revenues were up 5.8% while operating expenses increased 6.7%.
Average per-carrier revenues decreased 0.7% from the third quarter of 2006 to $26.2 million. Average per-carrier expenses remained almost unchanged at $24.7 million.
The top for-hire carriers' operating ratio (operating expenses divided by operating revenue) stood at 0.95, compared with 0.94 in the third quarter of 2006. A ratio greater than 1.00 represents an operating loss.
Data on the top for-hire carriers for the third quarter of 2007, taken from the Quarterly Motor Carriers of Freight Survey, provide results from 66 general freight carriers (compared with 64 carriers in 2006) and 31 specialized freight carriers (compared with 27 carriers in 2006).
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