B.C. Ferries - Sink or Swim?

Strait of Georgia British Columbia, Canada Among the Top 3 ferry systems in the world Two of the world's largest ferry systems Puget Sound United States of Washington BC Ferries Washington State Ferries Sydney Ferries 23 28 354 20.2 million vessels vessels vessels 22 million 14 million passengers passengers passengers B.C. government mandated ferries to $30 2165 4,500 Employees BC Ferries CUT reported losses of million MILLION BC Ferries CEO salary $564,000 Ridership hit a 21-year low with 20.2 million Passengers in 2012 IN 20 1 2 BC Ferries ticket agent salary* $27.38mr 2.8% '80 COASTAL $ /hr drop FERRY ACT Increase in management since 2001 61% million investment 5 years to limit fare increases Needs to replace 15 older ships Only one vessel a year can be retro-fitted for liquid natural gas New ferries will be cleaner and more efficient The 111-foot Nimpkish only carries 133 people & 16 vehicles Nimpkish Can accommodate up to 2,100 people & 470 vehicles At the grandest end of the spectrum are the S-Class twins Spirit of British Columbia & Spirit of Vancouver Island 560 feet long Picture two football fields back-to-back 2012 BC FERRIES REVENUE $738 million Round-trip Fare Vancouver to Victoria for OPERATING COSTS $683 million family of 4 + vehicle $257 million $200 LABOUR COSTS FUEL COSTS $121 million OPERATING LOSS $16.5 million BC Ferries www.bcferries.com *Glassdoor www.glassdoor.com/Salary/BC-Ferries-Salaries-E212593.htm © CTV British Columbia bc.ctvnews.ca