Scott Group: So if inflation is running around 4% and price mix is running flat, slightly negative right now. I guess, how do we get confidence in margin improvement for the year? I guess maybe, Jen, do you think is it the price mix reaccelerates from here, is it cost getting better? Just help us sort of get confidence in that margin improvement? And then just separately, any color on this — on other revenue and how you are thinking about that for the year?
Jennifer Hamann: Yeah. So I will start with the confidence around the margin improvement and we are confident in our ability to do that. Certainly, there are headwinds and you have just pointed to a couple of them. But then go back to the things I talked about in terms of how we are looking at the year and the key levers, which as you know, are volume, price and productivity. So volume certainly is a wildcard and we will see how that plays out. Pricing, we are confident that although it is going to lag a bit, we are confident that our price will — price dollars will exceed inflation dollars. And then the productivity side, we know we have upside there. Yes, we are still adding resources and taking some steps to heal the network today.
But we also know that there’s a pipeline of opportunities to improve and we have those identified and we know what actions we need to put up against that to do that. And then as you do that and as the network hills, that gives us more opportunities on the volume side. We still know we are mixing Bulk loads today. So those are opportunities for us to get more leverage across that cost base. And then, obviously, there’s fuel, which I mentioned before and we will see how that plays out. But right now, we are certainly playing a little bit less, call it, $0.40 or so less than what we were paying a year ago or what we paid for the full year 2022. So those are all the things that we are looking at, Scott, and we believe that those combination of factors are setting up in a way that we will be able to drive OR improvement.
To your question on other revenue, so I think that’s really a question maybe more geared towards accessorials and what we see playing out there. As the supply chain has healed, as we are seeing a little bit of softness in that Intermodal market, we have seen accessorials come down a bit. They were down a little bit for us here in the fourth quarter and that would probably be my expectation going into 2023 as well.
Lance Fritz: And that’s a good thing, right?
Jennifer Hamann: Yeah. Absolutely.
Lance Fritz: I mean, we want that fluidity. We want the entire network to match the kind of fluidity that we are putting up post Christmas holiday. They are still in the Intermodal supply chain. There’s still some elevated street time for boxes and chassis. And that’s the last piece that reflects excess inventory that’s going to have to get worked out.
Kenny Rocker: Yeah.
Scott Group: Thank you.
Operator: Our next question is from the line of Fadi Chamoun with BMO Capital Markets. Please proceed with your question.
