japanjapan
Member
- Joined
- Apr 4, 2004
- Member Type
- English Teacher
- Native Language
- Chinese
- Home Country
- China
- Current Location
- China
Dear teachers,
Please look at the following paragraph:
Many captive shippers also worry they will soon be hit with a round of huge rate increases. The railroad industry as a whole, despite its brightening fortunes, still does not earn enough to cover the cost of the capital it must invest to keep up with its surging traffic. Yet railroads continue to borrow billions to acquire one another, with Wall Street cheering them on. Consider the $10.2 billion bid by Norfolk Southern and CSX to acquire Conrail this year. Conrail’s net railway operating income in 1996 was just $472 million less than half of the carrying costs of the transaction. Who’s going to pay for the rest of the bill? Many captive shippers fear that they will, as Norfolk Southern and CSX increase their grip on the market.
What does "the carrying costs" mean?
How much does it account for the transaction?
Thanks
PS the sentence may be like this:
Conrail’s net railway operating income in 1996 was just $472 million, less than half of the carrying costs of the transaction.
I mean there is probably the comma, but I am not sure, anyway, my question is what "the carrying costs" are?
Thanks again
Please look at the following paragraph:
Many captive shippers also worry they will soon be hit with a round of huge rate increases. The railroad industry as a whole, despite its brightening fortunes, still does not earn enough to cover the cost of the capital it must invest to keep up with its surging traffic. Yet railroads continue to borrow billions to acquire one another, with Wall Street cheering them on. Consider the $10.2 billion bid by Norfolk Southern and CSX to acquire Conrail this year. Conrail’s net railway operating income in 1996 was just $472 million less than half of the carrying costs of the transaction. Who’s going to pay for the rest of the bill? Many captive shippers fear that they will, as Norfolk Southern and CSX increase their grip on the market.
What does "the carrying costs" mean?
How much does it account for the transaction?
Thanks
PS the sentence may be like this:
Conrail’s net railway operating income in 1996 was just $472 million, less than half of the carrying costs of the transaction.
I mean there is probably the comma, but I am not sure, anyway, my question is what "the carrying costs" are?
Thanks again