So, we just continue to execute on that same consistent philosophy that we always have. And I think that’s why we saw that the yield performance that we did, but I believe that call should be a little bit more favorable versus the last couple of years. And 2023 are certainly that’s our hope. And we’ll continue to build our cost model around what that cost inflation expectation is and then continue to try to achieve 100 to 150 basis points of positive spread above that inflation to again support the investments that we’re going to make. So, I think overall, if you did sort of roll out typically the first quarter our yield metrics are up about 0.5% over the fourth quarter. We’d expect to continue to see if mix is constant. Those numbers increase sequentially quarter-after-quarter, but certainly that some of that, that growth if you will may start to moderate a bit but again you’re going to see that same type of moderation or should, what the costs.
But nonetheless, the overall philosophy stays the same, and we’ll continue to look for cost plus pricing.
Scott Group: Very helpful. And just because you mentioned the fuel, and maybe the surcharge revenue and flex negative, how does that impact your thoughts on the question earlier about operating ratio improvement this year?
Greg Gantt: Well, again, it’s just it’s one of the drivers on the top line, that is a change that we will deal with. And I think overall, it would be a positive for the economy and something that would be good to see. But I don’t know anybody that would like showing up at the pump and seeing that bigger number. And certainly, that’s been a big cost driver for what we’ve seen. I think it’s better to for just cost inflation and other line items. I think the increased cost of fuel is driving inflation and about anything, whether it’s a product or service that we’re buying. And so, I think a decrease there certainly helps. But as we look back 2015-2016 were the timeframes that we last went through a bigger decrease in average fuel prices.
And I think we continue to try to manage, just like we did in those periods, and continuing to manage the different components that go into building out our rates with customers, whether it’s base rates, fuel surcharge, or as is oils managing all the revenue inputs with the cost inputs and trying to account for whether or not fuel goes up or down. So, it’s just something that our pricing and costing teams and our sales teams have got to work through is we’re working through renewals with our customers every day, and just looking at and seeing where we are and what we feel like we need to keep driving improvement in our customer specific pricing and profitability.
Scott Group: Very helpful. Thank you, guys.
Greg Gantt: Thanks, Scott.
Operator: Our next question comes from Allison Poliniak with Wells Fargo. Please go ahead.
Allison Poliniak: Hi, good morning. I just want to ask about potential customer attrition, just given some of the freight challenges out there and certainly your customer focus on costs. Are you seeing any sort of attrition as customers try to tray down obviously, quality but prices low or the dynamics may be a little different this cycle, just any thoughts there?
Marty Freeman: Yes, good morning. This is Marty, I’ll take that one. We aren’t seeing anything like we saw back in ’08 or ’09. We have customers in here every week, and our larger customers, contract customers coming in. Its business is usual. They’re coming in and asking for contract renewals, additional services and so forth. So, we’re not seeing anything out of the ordinary for the economic circumstances, no major price cutting or anything like that. So, I feel pretty confident that the end is probably near what we’re going through.
Allison Poliniak: Perfect, thank you.
Operator: Our next question comes from Jon Chappell with Evercore ISI. Please go ahead.
