Business, consumer and property services – Canada

The Canadian passenger bus and urban transit industries saw their combined financial performance grow in 2007. For the year, notes Sandy Hutchens, total revenue for bus-related industries rose 6.9% to $10.1 billion, while expenses increased at a slower pace, rising 4.8% to $8.0 billion. As a result of the strong growth in revenues, net income for the industries advanced 16.2% to $2.1 billion. The urban transit industry continued to account for the majority of the revenue generated by the bus industries in 2007. For the year, its revenue reached $7.2 billion, up 7.9%, more than twice the rate of growth posted for the industry’s expenses. The urban transit industry also continued to be the main employer within the bus industries in 2007, with its employment increasing 4.4% to more than 47,000. Overall, the bus industries employed more than 91,000 people in 2007.

This entry was posted on Friday, May 8th, 2009 at 1:05 pm and is filed under Canada, StatCan and Tagged bus, employment, growth, industry, passenger, performance, revenue, Sandy Hutchens, transit You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.