“SCS, I would expect full year revenue to approach $14 billion with a margin of about 10%.”

In context

“ort of the margins expectations for the full year on that? And if indeed, the U.S. margin should be at or around the 10% level, give or take. Thanks. Brian Newman: So from a margin perspective, Jordan, we'd expect International full year to be 19% to 20%, SCS should be at 10%. And as you think about the International business, the second half ADV, we're expecting to be down around 6.5%, RPP should be flattish. And really, it stems from some of the challenging macro situation. We've got weak real export growth. Germany is in recession. And then I would say, Europe and Asia ADV growth would bottom in Q3. Kate and the team are very focused on controlling what we can control, both on the air side and the headcount side to protect that. You saw she printed north of a 20% margin second quarter. SCS, I would expect full year revenue to approach $14 billion with a margin of about 10%. Forwarding rates and volume is stabilizing but down year-over-year. The team does a good job of managing the buy-sell spreads, as you saw. Obviously, expanding health care is a strategic priority for the company, and they're also executing the cost initiatives. Operator: Our next question will come from the line of Jeff Kauffman of Vertical Research Partners. Jeff Kauffman: I just wanted to ask a little bit about the labor contract economics. I know you said, we'll have a call on this after ratification. But you noted a number of about 3.3% CAGR on the economic benefits. And just off the wage, we're calculating a little higher than that. So could you do your best to break down the components that help us get to that 3.3%? Brian Newman: Jeff, so 3.3% is an all-in number, so it includes wag”