- 147 - budgets, was able to find the number of outbound shipments for the years 1983 through 1990 and the inbound shipments for 1987 forward. For 1983 through 1986, he assumed that inbound shipments grew at the same rate as outbound shipments. For 1979 through 1982, no data were available, and he assumed that outbound and inbound shipments grew at the same rate as courier revenues, which were available. The imbalances were calculated as the difference between inbound and outbound shipments. Finally, average cost per shipment was available from 1987 through 1990 and reflects a downward trend from $11.64 in 1987 to $9.99 in 1990. Information also showed that the cost per transfer shipment also fell from $5.05 in 1987 to $3.75 in 1989 and went up to $3.97 in 1990. He therefore assumed that airline transportation costs were trending down and had been higher during the period 1979 through 1986. To be conservative, he averaged the known imbalance and transfer costs to arrive at $10.96 and $4.38 as the amounts to be used for imbalance and transfer costs, respectively, for the 1979 through 1986 period. Respondent’s expert next used a comparable company approach to determine a markup of 4 percent on cost for imbalance and transfer shipments. The five companies selected were clearly in the same business, and their net sales less operating expenses were used to determine an operating profit, which was divided by operating expenses to reach a markup percentage on costs. The comparable period used was 1990 through 1992, and it producedPage: Previous 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 Next
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