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For-hire motor carriers of freight, top carriers

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The Daily

Thursday, February 21, 2008
Third quarter 2007

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).

Note: 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 revenues 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 revenues 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 more information, or to enquire about the concepts, methods or data quality of this release, contact the Dissemination Unit (toll-free 1-866-500-8400; fax: 613-951-0009;, Transportation Division.