M. Wolfe Clean Quotations

While the stock has been strong year-to-date and expectations were for a strong quarter, our sense is this was a very strong and clean quarter that shows evidence of increasing volume acceleration at Ground, improving margins at Express and stabilizing yields generally.

The key is to take a few minutes to check, test and clean your smoke alarm to make sure it is functioning properly. What better time to do this than when you change your clock for Daylight Savings Time?

Materially higher than expected revenue growth and better than expected cost side performance drove the upside in what we view as a high quality, clean quarter.