Well the jist of it was we're in a matureing state. The domestic business has matured and now we're fine tuneing it. Up to this point our company has been "running" to keep up with the growth, now we've got a chance to walk for a while. Stil growing, but a breather, and that's not necessarily a bad thing. A nice analogy that put the growth in perspective.

Our earnings are at 8.8% for Express and 13% for ground.. considering the size of each of the departments that's about reasonable was his impression. These umbers are in the magazine that came out a few weeks ago for those who want the actual figures.

Company is solid, bean counters are counting beans, rampers are ramping, managers are... well, the boxes are moving. Expansion in the international theater is ambitious to say the least. Opening two domiciles, closing another, downsizing and moving the Subic operation to Clark for service of that market, two new airplanes in the stable and the complications that accompany all these changes. A daunting task that is progressing well. The change to the 777 was due the delay in the 380 that would have left a 2 year gap in necessary lift that we couldn't live with.

Like I said, an informative briefing that seemed to cover a lot of questions that I'd had. A few issues on hiring into the domiciles that is still up in the air... one thing mentioned that anyone bidding the FDA on probation should plan on living there.

That's about all I can remember.