Where we used to have a substantial presence, we are now really a satellite of others.

These sectors are not pulling their weight. Is the change permanent? I can't say.

If the Fed could get the recovery the way we present it, it would take it -- it's not a bad outcome at all.

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.

I was so despondent, wondering what I am going to do, and then the minister herself called.

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.