When we listened to the third-quarter earnings (report), their credit card business was performing above expectations and they felt that that was going to mitigate the negative impact they were experiencing from their retail operation,

While the stock has been strong year-to-date and expectations were for a strong quarter, our sense is this was a very strong and clean quarter that shows evidence of increasing volume acceleration at Ground, improving margins at Express and stabilizing yields generally.

We are also working closely with our business partners to exceed customer expectations across our consumer, business and wholesale segments.

Oftentimes, they'll do what's necessary to keep your business -- but they need to fully understand your expectations.

Web site operators won't be able to stay in business if they can't meet consumers' expectations in these areas.

Consequently, our profits are ahead of the current market expectations. The pipeline of new business is strong and we look forward to the balance of our financial year with confidence.