The recent margin and productivity trends have exceeded market expectations and the railroads have set records even during the recession.

FORBES: Riding The Rails With CSX To $32 A Share

"The combination of good execution at the point of sale, superior net revenue and margin management, and cost and productivity initiatives has enabled us to effectively manage through a challenging set of global business conditions, " said Chief Executive EricFossEric Foss of Pepsi Bottling.

FORBES: Magazine Article

"The combination of good execution at the point of sale, superior net revenue and margin management, and cost and productivity initiatives has enabled us to effectively manage through a challenging set of global business conditions, " said Chief Executive Eric Foss of Pepsi Bottling.

FORBES: Bottler has neither good nor bad news for the quarter.

The sales growth and productivity improvements helped the operating margin improve 279 basis points to 13.52%.

FORBES: CMI Ready To Rev Higher

Therefore, strong labor demand in an environment of falling growth and productivity translates into falling profits and margin compression.

FORBES: Brazil: A Bubble In Labor Markets

Adjusted operating margin improved 110 basis points to 6.6%, attributed to higher volume and productivity initiatives which helped offset higher employee-related expenses, the impact of changes in product mix, and restructuring costs.

FORBES: Avery Continues To Rally, And Has A Nice Yield Too

He thinks margins will stabilize in the 2012 second half and trend higher in 2013, driven by gross margin upside driven by digital, third-party sales and Amazon Web Services revenue, and from fulfillment productivity gains due to recently opened fulfillment centers.

FORBES: Amazon: Credit Suisse Ups To Outperform; Target To $270