“So going into next year, getting back on level footing with a system that has higher ADV will help us certainly from a cost and margin perspective, the revenue per piece we announced a 5.9% GRI, so that will be coming in.”

In context

“ay. And then -- and maybe more bigger picture, right. As we think about the exit rate kind of implied in the guide, I think, it works out to something like down 20% year-over-year at EBIT. How do we think about that build back in 2024. You know, in the front half, obviously, you have inflation, which you've got the GRI to offset. Should we be expecting that sort of, you know, second derivative rate of change to slowly get better, and then snapback, or does it get, you know, meaningfully better in sort of 1Q, 2Q? How do we think about the shape of 2024, and how it's stepping up to recover in the domestic margin side? Brian Newman: So two big pieces of sort of forward momentum, Dave. One is the exit rate on volume. Carol just talked about the win-back, and also the pipeline of new business. So going into next year, getting back on level footing with a system that has higher ADV will help us certainly from a cost and margin perspective, the revenue per piece we announced a 5.9% GRI, so that will be coming in. We talked to you recently about the cost overhang of the contract, that goes from August-to-August, so I would tell you from a shape, certainly the first half of the year will be more challenged than the back half of the year. Back half of the year, we get into two to three-year glide path with lower inflation per year, and then, so pricing and productivity can help expand the margins. But those are the pluses and minuses as we look into '24. Obviously, we'll go into a lot more detail March '26 when we get together with you all for our next Investor Day. David Vernon: And that rate of change in the first half better than 4Q? Brian Newman: Let me come back to you, Dave, but we're certainly building momentum. Carol Tome: Let's finish of the year, Dave, and then, we'll give you some color ab”