Scott Childress | United Parcel Service, Inc. |
David P. Abney | United Parcel Service, Inc. |
James Jay Barber | United Parcel Service, Inc. |
Richard N. Peretz | United Parcel Service, Inc. |
Scott Price | United Parcel Service, Inc. |
Kathleen M. Gutmann | United Parcel Service, Inc. |
Juan R. Perez | United Parcel Service, Inc. |
Ken Hoexter | Bank of America Merrill Lynch |
J. David Scott Vernon | Sanford C. Bernstein & Co. LLC |
Chris Wetherbee | Citigroup Global Markets, Inc. |
Thomas Wadewitz | UBS Securities LLC |
Matthew Reustle | Goldman Sachs & Co. LLC |
Scott Schneeberger | Oppenheimer & Co., Inc. |
Good morning. My name is Stephen, and I will be your conference facilitator today. At this time, we would like to welcome everyone to the UPS Investor Relations fourth quarter 2017 (sic) [first quarter 2018] earnings conference call. All lines have been placed on mute to prevent any background noise. And after the speakers' remarks, there will be a question-and-answer period.