The trucking business is all about satisfying customers. We don't have a product to sell, so what we're really selling is the customer experience. If you really do a good job for customers, they'll come back and use you.

I appreciate the confidence of the board, and I look forward to continue leading the company and having the opportunity to enhance shareholder value.

This, ... is kind of uncharted territory for all of us.

Although our business levels remain ahead of last year, overall volumes for the quarter are projected to come in below our expectations across all of our asset-based business units. In addition to general competitive pressure, some of our large retail customers have made significant inventory adjustments in the quarter, which have impacted our business levels.

Despite good revenue growth in all areas of our company, the quarter did not come in where we had planned. Given the first quarter, we have taken aggressive steps to improve our financial performance going forward. The economy still looks healthy, our brands remain strong and our synergy programs are on track.

We had another excellent year in 2005, both financially and strategically. Our business units performed well and delivered solid financial results, which are even more impressive considering we added the USF companies to our portfolio and realigned our regional service coverage.

We are delighted to receive this prestigious recognition for the fourth year in a row. The dedication of our employees drives our success. All our brands are focused on helping our customers find solutions to transportation and logistics challenges in today's global marketplace.

We continue to build our brands and expand our international, national and regional capabilities. Our objective is to provide seamless, end-to-end global transportation solutions to our customers.

Our view on the economy for 2006 has not changed, particularly based on apparent strength in the manufacturing sector. We are taking steps to adjust our cost base as necessary and address specific customer situations.

From a strategic standpoint, the acquisition gave us instant (scale) across the U.S. in the next-day market, which is the fastest growing segment of the industry.