Our results reflect the softening in North American demand and pricing that began in the third quarter of last year and that has continued well into 2005.

These results for the third quarter, traditionally our best, are the strongest results reported by any North American carrier for the period and reflect our ability to now achieve North American industry leading levels of profitability versus low cost carriers as well as legacy carriers,

Our results for the first quarter confirm that discretionary consumer spending is softening in New Zealand and Australia.

Sun's third-quarter results provided a glimmer of hope for better things to come.

Our results for the quarter were assisted by a favorable relationship between freight demand and truckload capacity. We believe capacity growth in our industry continues to be constrained by a shortage of qualified drivers. We address the driver shortage by recruiting safe and experienced drivers, providing newer equipment, and offering competitive compensation and lifestyle programs.

We believe that demand is now likely to exceed Intel's processor supply now through the third quarter and possibly into the fourth quarter.