Friday morning on BC Liberal radio, one of the trio assured us that BC Ferries has been cutting administration costs and its overheads had little or nothing to do with financial problems.
Shall we test the accuracy of the comment?
Combined passenger and vehicle traffic in 2012 is down by 4.4% over 2010. According to BCF audited financial statements, administration costs are up by 2.1% in the same time period.
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