Ana Maria Chadwick: Sure. So what we’ve talked about is CapEx on a year-over-year basis is declining, because the vast majority of our Global Ecommerce investments are done. So, I will tell you that about 40 or so percent of our total CapEx is attributable to global e-commerce. And then SendTech would be the next big one. Presort has done a lot of the refresh of these orders already. So I hope that gives you a little bit of a perspective.
Peter Sakon: Okay. And Marc, twice you said on the cross-border business, I think you said one way or the other. What is your sense of timing on resolution of that business?
Marc Lautenbach: Listen, I mean we’re going to make a thoughtful decision on that business. I mean, I would say the Board and management continually looks at the portfolio. So, it’s not like – it’s once-a-year thing. That’s how we look at the portfolio all the time. And the decision that we’ll make is what’s the best way for first of all, the customers and the team and ultimately, our shareholders to move forward. So, I’m not going to box myself into a timeframe.
Peter Sakon: Okay. And I guess the last part on the cross-border. Given the negative EBITDA is you said its value in the marketplace. Is that, I guess, consistent? Or like is it maybe more expensive to close it because otherwise, you would not have lost that EBITDA?
Marc Lautenbach: I didn’t say it was negative EBITDA. I just said the decline in EBITDA surpassed the improvement in the other businesses.
Peter Sakon: Are you saying that cross-border business is EBITDA positive?
Marc Lautenbach: I didn’t say it was negative.
Peter Sakon: Okay. Thank you.
Operator: And I’ll turn the call back over to Mr. Lautenbach for any closing remarks.
Marc Lautenbach: Great. And thanks, everyone, for joining this morning. I want to go back to kind of the theme in my life. The second quarter played out largely expected. It was consistent with the first quarter. So not a lot of drama in the second quarter results. What I really like is how we’re positioned going forward. So we’ve been fighting through an interesting economic moment for the last candidly a couple of years since COVID. The fact the broader economy affected supply chains, affected retail, it feels like we’re getting on the tail end of that right now. And as we’re coming out of that period, I like how we’re positioned. Our cost and expense are in good shape, good opportunity as we get into the second half, that will make a meaningful difference.
So all of the cost, not all the – most of the cost and expense benefits are still in front of us, and we’ll start to realize those in the second half. That’s terrific. The Presort and SendTech, as I said, are well positioned in the second half of the year for continued good profit performance. That’s important to the overall ballast of the enterprise. It’s also important for our cash. And as it relates to Global Ecommerce, the domestic parcel momentum is absolutely terrific, and we see that continuing. And then again, we didn’t get any questions, but there were some important adjustments that we made that will fortify the bank. The PB Bank going forward, but we’re really excited about how the bank is well positioned. So this economic moment that we’re in is, going to end and the company is extremely well positioned on all fronts, as we go forward.
So with that, we’ll close this morning’s call, and we look forward to moving with you going forward. Thank you.
Operator: And that does conclude our conference for today. Thanks for your participation and for using AT&T Teleconference service. You may now disconnect.
