Despite uncertainty related to Katrina and other economic conditions, we remain optimistic about global trade and expect continued economic expansion in the U.S. and in the international markets.

This deal will remove the legal uncertainty which has hung over this trade for several years and benefit producers on both sides of the Atlantic.

I really can?t think of nothing I?d trade all those years together for. It?s been a wonderful life.

When in doubt, be ridiculous.

Politics is a rough trade and I can take it with the best of them. I have demonstrated I am capable of taking the worst of blows, even when they are almost so ludicrous as to be bizarre, but I do draw the line at families. I always have. I try to keep my family out of my politics as much as possible.

We cannot be certain right now how the events of last week will ultimately impact the U.S. and global economies, the air transportation industry and FedEx, ... Nonetheless, we see our company well positioned to significantly increase growth, profitability, returns and cash flow as the global economies improve and trading activities increase.