The Eurotunnel needed bankruptcy protection in the early 2000s. The debt was restructured in 2007 and cut to $5.6 billion. Since 2009 Eurotunnel pays dividends.
They had a net consolidated profit of $240 million in 2016.Regards, Volker
Murphy Siding JPS1 Irrespective of whether they are common carriers or private carriers, truckers pass all of their costs through to the shipper. If a commercial carrier is unable to recover the costs from its customers, it ultimately goes out of business. If a private carrier does not recover all of its shipping costs, it either has to raise the shelf price of its goods or take a hit to the bottom line. A successful commercial carrier like Hunt, Schneider, etc. price the cost of the service to cover all of their costs, including taxes, plus a profit. A private carrier like Walmart, Frito-Lay, etc. pass all of the shipping costs through to the buyer of their goods. They usually don't price the cost of transport to have it show a profit, but they could in some instances. Corporations don't pay taxes of any sort. They pass them through to their customers unless they lack the pricing power to do so, in which case the shareholders and perhaps the workers have to eat them. Taxes are a cost of doing business; a successful business recaptures them from its customers. I disagree a little bit on some of your wording. It’s not as simple as passing on the freight cost to the buyer. That's like saying corporations don't pay payroll of any sort, they just pass them on to the customers. It’s probably more accurate to say the freight cost adds to the overall cost and that the selling price is not so much based on cost as it is on supply and demand in the market. Let’s say I’m selling widgets for $1.00 and competitor is at $1.00 as well. If my transportation cost per widgets goes up 5 cents, I can’t automatically just pass on the freight cost to the buyer. My widgets would be $1.05. My competitor’s would be $1.00
JPS1 Irrespective of whether they are common carriers or private carriers, truckers pass all of their costs through to the shipper. If a commercial carrier is unable to recover the costs from its customers, it ultimately goes out of business. If a private carrier does not recover all of its shipping costs, it either has to raise the shelf price of its goods or take a hit to the bottom line. A successful commercial carrier like Hunt, Schneider, etc. price the cost of the service to cover all of their costs, including taxes, plus a profit. A private carrier like Walmart, Frito-Lay, etc. pass all of the shipping costs through to the buyer of their goods. They usually don't price the cost of transport to have it show a profit, but they could in some instances. Corporations don't pay taxes of any sort. They pass them through to their customers unless they lack the pricing power to do so, in which case the shareholders and perhaps the workers have to eat them. Taxes are a cost of doing business; a successful business recaptures them from its customers.
Irrespective of whether they are common carriers or private carriers, truckers pass all of their costs through to the shipper. If a commercial carrier is unable to recover the costs from its customers, it ultimately goes out of business. If a private carrier does not recover all of its shipping costs, it either has to raise the shelf price of its goods or take a hit to the bottom line.
A successful commercial carrier like Hunt, Schneider, etc. price the cost of the service to cover all of their costs, including taxes, plus a profit. A private carrier like Walmart, Frito-Lay, etc. pass all of the shipping costs through to the buyer of their goods. They usually don't price the cost of transport to have it show a profit, but they could in some instances.
Corporations don't pay taxes of any sort. They pass them through to their customers unless they lack the pricing power to do so, in which case the shareholders and perhaps the workers have to eat them. Taxes are a cost of doing business; a successful business recaptures them from its customers.
I disagree a little bit on some of your wording. It’s not as simple as passing on the freight cost to the buyer. That's like saying corporations don't pay payroll of any sort, they just pass them on to the customers. It’s probably more accurate to say the freight cost adds to the overall cost and that the selling price is not so much based on cost as it is on supply and demand in the market. Let’s say I’m selling widgets for $1.00 and competitor is at $1.00 as well. If my transportation cost per widgets goes up 5 cents, I can’t automatically just pass on the freight cost to the buyer. My widgets would be $1.05. My competitor’s would be $1.00
It is true that taxes are just one of many costs that get passed onto the customer. But what sets taxes apart from all other costs is that taxes tend to fall uniformly on all businesses as a fixed mandate. Whereas the other business costs all vary according to their suppliers’ right to set their prices wherever they wish, depending on their advantages and efficiencies and willingness of their market to pay the price.
Therefore businesses do not have to compete with each other when their prices are raised by a tax increase. Businesses are able to pass the universal government mandated tax onto their customers as if it were the businesses universal mandate on their customers.
If a tax increase on a your business is passed through to the consumer; and it raises your product price from $1.00 to $1.05; it raises your competitor's products to $1.05 at the same time. So you don't have to compete with your competitor on that added cost.
This was an interesting news bit I picked up yesterday. General Mills one of the largest ceral makers missed their earnings for the 1st quarter of this year. Why higher shipping costs resulting from the ELD mandate. Why an unexpected 200 million in detention time payments from their factories and DC's not getting trucks loaded fast enough.
If General Mills had 200 million in Detention time for 1 quarter just how bad is it going to be for some of the Meat companies this year.
And it shows, I think, how much was fudged with working hours.Regards, Volker
Fox News today was salaviating over "Jerry Browns Boondogle"
A boondogle is the CATO and Heritage foundation defination for any liberal project and idea that they dont like expacilay if it does not feed the big oil companys that fund them
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