There's been no indication that any kind of job action is imminent. We're basically where we were several hours ago.

We lost hundreds of thousands of packages overnight. We anticipate that trend would continue without an extension or any kind of guarantee that there won't be a job action.

The union's refusal to put our offer out for a vote blocks better benefits for our people and robs them of their right to vote on their future.

The issue really is pensions. UPS has offered a program that the Teamsters cannot live with.

We are focusing all our efforts on executing our North American turnaround plan. That report analyzes our recovery action in a hypothetical bankruptcy situation. GM is not in bankruptcy and we don't see that process as a winning strategy.

We are very disappointed by this unilateral action by the Venezuelan government and we are working closely with the U.S. departments of State and Transportation, as well as the airlines who received similar notice, to resolve the issue as quickly as possible.