TABLE A2-64: FINANCIAL PERFORMANCE OF TRANSPORTATION INDUSTRIES, 2001 - 2003

		(Millions of dollars unless otherwise specified)
	2001	2002	2003
CN and CPR - Canadian Operations
Operating Revenues	6,867	6,914	7,012
Operating Expenses	5,548	5,425	5,557
Operating Profit (Loss)	1,319	1,489	1,455
Operating Ratio 1	80.8	78.5	79.2
Regional Railways 2
Operating Revenues	479	486	450
Operating Expenses	443	412	351
Operating Profit (Loss)	36	74	100
Operating Ratio 1	92.5	84.8	77.9
Shortline Railways 3
Operating Revenues	339	338	333
Operating Expenses	297	310	283
Operating Profit (Loss)	42	27	50
Operating Ratio 1	87.5	91.9	85.1
Trucking Industry 4
Operating Revenues	19,894	19,700	21,019
Operating Expenses	18,732	18,512	19,954
Operating Profit (Loss)	1,162	1,188	1,065
Operating Ratio 1	94.2	94	94.9
Air Canada
Operating Revenues	9,611	9,826	8,368
Operating Expenses	10,342	10,018	9,052
Operating Profit (Loss)	(731)	(192)	(684)
Operating Ratio 1	107.6	102	108.2
West Jet
Operating Revenues	478	683	856
Operating Expenses	419	592	718
Operating Profit (Loss)	59	91	138
Operating Ratio 1	87.6	86.6	83.9
VIA Rail
Operating Revenues	240	258	237
Operating Subsidies	159	150	179
Total Costs	502	512	526
Cost Recovery Ratio 5	47.9	50.4	45
Transit Industry
Operating Revenues	2,053	2,197	2,298
Operating Subsidies	1,628	1,657	1,815
Total Costs	4,766	5,062	5,428
Cost Recovery Ratio 5	43.1	43.4	42.3

1 Operating Expenses divided by Operating Revenues

2 Ontario Northland, Algoma Central, QNSL and BC Rail and Canadian connectors to U.S. railroads.

3 All other Class 2 railroads except carriers which provide incomplete information.

4 Includes medium and large for-hire trucking only.

5 Operating Revenues divided by Total Costs.

Source: Transport Canada, based on Statistics Canada's and carriers' files