“we'll be kind of around this three to three and a half percent of revenue as a normalized CapEx”

In context

“ally financing the aircraft through a Burnham lease structure that, Brian, you might want to describe. Brian Dykes: Yeah. Sure. Yeah. And Richa, yes. As Carol mentioned, yeah, we do have financing structures around the aircraft. But I think, importantly, look, if you think about the CapEx profile, our volumes continue to come down. Right? And as Carol mentioned, we've closed facilities. When we look at the asset categories, we really have pulled back. We're not buying as many vehicles, right, because we don't need them as we right-size the U.S. network. We continue to invest in our international network through both air hubs, aircraft, and vehicles. But it's bringing down our maintenance expense. It's bringing down our vehicle expense. And look, I think as we turn and we continue to grow, we'll be kind of around this three to three and a half percent of revenue as a normalized CapEx, but we're creating more efficiency. We're creating more flexibility so you don't have to spend CapEx on variable capacity like we used to. And that's going to allow us to run a more capital-efficient network going forward. Richa Harnane: Okay. Thank you. Matthew: Thank you. Your next question is coming from Jason Seidl from TD Cowen. Your line is live. Jason Seidl: Thank you, operator. Good morning, Carol, Brian, and team. I think you talked a little bit about the technology that's going to redirect parcels to the USPS versus sort of in-house. Can you maybe give us some more color on that? In terms of how much of your network is going to be equipped with that by the end of the year and sort of how we think about that helping margins over the longer term because I'm assuming that'll help”