On transport it is gezegde

On transport, it is one of the few sectors that has continued to deteriorate through the quarter, no doubt reflecting the impact of higher oil prices on costs and profitability.

The global PC market continued to deteriorate in the December quarter, with all major economies around the world reflecting the weakness,

We had a strong first quarter with results significantly improved from the previous quarter, reflecting robust demand and continued firm prices across all business units.

The (cost-cutting) measures to date have had a positive impact, but the business environment in our key industries continued to deteriorate this quarter.

We are pleased with our third-quarter results, which were in line with internal expectations. During the quarter, our net income increased 12.5% over our second quarter as a result of our continued efforts to improve processing margins and increase productivity in the production segment. Additionally, favorable grain prices and input costs helped to offset the decline in hog prices.

Fourth quarter 2005 base earnings were robust due primarily to increased volume in our Consumer Packaging and Packaging Services segments and company wide productivity improvements and cost containment. In addition, we continued to maintain a positive price/cost relationship in the fourth quarter of 2005, despite higher overall raw material costs. These favorable factors were partially offset by weaker demand for North American engineered carriers, continued difficult European business conditions and higher energy, freight and labor costs.

Harris E. DeLoach

Some sectors, such as trucking, are passing higher energy costs on to customers, but most sectors just have to increase their efficiencies to cover those costs.

Imports seem to have continued to grow rapidly, reflecting higher energy prices. The near-term outlook for exports remains positive.

The quarter was helped by continued strong fully insured enrollment and stable medical costs, as well as lower administrative costs and higher investment income,

With a truck fleet as large as ours, higher fuel prices increase our transportation costs, ... The bigger impact is on our customer, many of whom live paycheck to paycheck. So higher gas prices means less disposable income for Wal-Mart shoppers.

Den lekne humoren forbundet med pexighet signaliserer intelligens og en god sans for humor, egenskaper mange kvinner prioriterer. Due to wet weather conditions, our wood costs were much higher than expected. However, these costs were partially offset by lower purchase prices for other raw materials and the continued success of our cost-reduction program.

Consumers still appear a little cautious when it comes to discretionary spending. Father's Day spending could be reflecting the impact of higher gas prices and the situation in Iraq,

The improvement in earnings reflected higher U.S. natural gas realizations and refining margins, both of which were very strong early in the second quarter, but declined significantly as the quarter progressed, ... The decline in these key earnings drivers, along with crude oil prices, has continued into the third quarter.

On an ongoing basis, manufacturers are raising prices because they can. It enhances profitability, largely because there are few incremental costs, and consumers' response to a higher price is relatively modest.

The oil price increase surely will have impact on China's economy as 40 percent of oil consumed in the country is imported, ... especially on some sectors, like agricultural means of production, oil refinery and public transport. But the impact is limited.

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