Europe 1 with AFP 3:45 p.m., July 14, 2022

During the July 14 interview, Emmanuel Macron said that the State will "bring around the table" the major groups of carriers in order to mobilize them to "fix part" of the price increase.

"There will be a contribution, but it will not be in grandstanding and it will be targeted by looking at businesses," he said.

The state will "bring around the table" the major groups of carriers in order to mobilize them to contain and "repair part" of the price increase, Emmanuel Macron assured Thursday during a television interview on the occasion of the July 14th.

"Contribution" from "super-profits"

"Today we are mobilizing large groups of carriers to help us. So very clearly, our large freight carriers, we are going to put them around the table - we have already started - to help us lower prices and even to repair part of the increases in raw materials and food for our consumers and in particular for our overseas territories", declared the Head of State, who was questioned about a possible contribution from companies having made “super-profits” on the occasion in particular of the post-pandemic recovery or the energy crisis.

"Yes, there will be a contribution, but it will not be in demagogy and it will be targeted by looking at the companies, the undue profits that have been made and how to put them to use in an intelligent way", said Emmanuel Macron again.

"We put them to work to reduce their profitability"

Thus, "we have major oil groups that make profits, but not in France. We put them to work to lower their profitability and help us with the price of gasoline, but they make them (the profits) at the stranger," he explained.

The government had already called on companies to help mitigate the effects of inflation on households, with Economy Minister Bruno Le Maire asking them, for example, to "make proposals, and strong proposals, so that they can return part of their profits to the French directly".

In the transport sector, the giant CMA CGM, the world's third largest shipowner which has seen its profits inflated by the crisis, thus announced at the end of June a drop of 10% to 20% in its container prices in France.

CMA CGM earned a record net profit of $7.2 billion in the first quarter, after a 2021 financial year that ended with a profit of $17.9 billion.