“Now as we translate into the fourth quarter, we actually expect rev per piece to inflect positive in the U.S. and that's really driven by a couple of things.”

In context

“Operator: Your next question comes from the line of Stephanie Moore from Jefferies. Please go ahead. Stephanie Moore: Great. Thank you. Good morning. I was hoping you could talk a little bit about our domestic RPP trends throughout the quarter. Maybe if you could talk a little bit about how they trended as the months progressed and really what this means for 4Q and your thoughts into 2025 if you have them? Thanks. Brian Dykes: Sure. Thanks for the question, Stephanie. Yes, so we saw positive momentum going from Q2 to Q3 in domestic rev per piece. As I mentioned in my earlier remarks, really when you think about what happened in the base rate, in the second quarter, base rate added about 90 basis points of improvement to rev per piece. In the third quarter, that jumped to 170 basis points. Now as we translate into the fourth quarter, we actually expect rev per piece to inflect positive in the U.S. and that's really driven by a couple of things. Look, we talked about actions that we were going to take around specific customers that were enabled by our architecture of tomorrow and the work that we've been doing and investments have been made to create more sensitive demand channels, DAP and AOT and the modifiers. And we're leveraging those in order to make adjustments to help drive rev per piece. The other thing is what we're doing on the surcharging and the GRIs that we will continue to see lift as we go through the fourth quarter and into '25. So look, it's a positive trajectory on rev per piece and it's clearly an area of focus as we move from our year-one to our plus two strategy. Carol Tome: And pricing architecture of tomorrow is really moving from the art to the science of pricing. And one of the elements of this architectu”