Canadian For-Hire Companies’ Revenue Rose in 2Q ’06

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There were an estimated 3,336 for-hire trucking companies based in Canada with annual revenues of $1 million or more in the second quarter of 2006, almost unchanged from the same quarter in 2005, Statistics Canada said Thursday.For-hire companies’ operating revenue totaled C$7.06 billion, up 7.5% from the second quarter of 2005. Operating expenses reached C$6.54 billion, up 8.8% from the same period in 2005.Both average operating revenues and expenses were up, with operating revenue rising 7.4% and expenses rising 8.7%, the government statistics office said.Average expenses were C$1.96 million, up from C$1.80 million in the same period in 2005. The increase in expenses was driven essentially by higher payments to owner-operators combined with smaller increases in other expenses and fuel expenses.Operating ratio deteriorated slightly, to 93% from 92% in the second quarter of 2005.For-hire trucking transportation revenue from domestic movements rose 9.7% to C$4.62 billion, while revenue from international movements rose 3.2 % to C$2.15 billion, StatCan said.