Colin, just one of the local stations, during the "business news" segment...
Their concern is how the growth comes BEFORE the inflation, as there is always resistance to increased prices (such as long term contracts, fixed rate pricing, etc, where the manufacture / supplier side eats it on their margin until the contract is done). Some companies (such as Fedex) avoid this by using the option of applying a "fuel surcharge" to shipments. they don't raise their contract rates, but they do end up taking in money to offset those expenses.
If the GDP has grown this fast, it will be interesting to see if company bottom lines move as quickly... or to find out if these companies are just getting squeezed.
Alex
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05-28-2004
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