“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.”

In context

“ck, 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 about 2024. David Vernon: So always about 2024. Thanks for the time. Brian Newman: Thanks, Dave. Operator: Our next question will come from the line of Jordan Alliger of Goldman Sachs. Please go ahead. Jordan Alliger: Yeah. I was wondering if you could give some color on your confidence level on the new revenue range. How much certainty do you feel the visibility, and what frames the high”