Modified · Overview

We continue to execute During the second quarter of 2026, we took several steps in furtherance of our Customer First, People Led and Innovation Driven strategy to grow in the most attractive parts of the market including healthcare, small and medium-sized businesses ("SMBs") and international. During This included completing the first quarterplanned reduction of 2026, we took several steps in furtherance of this strategy, including continued targetedvolume from our largest customer, as previously announced, in which we reduced their volume reduction from our largest customer, the deliberate shift in our business to increase by more than 50% from 2024 levels. We also continued our focus on higher yielding volume revenue quality and made progress on previously announced initiatives related to workforce optimization , network capacity actions and the outsourcing of last-mile delivery of a portion of our Ground Saver product to the United States Postal Service ("USPS"), as well as related network capacity actions. As previously disclosed, by June 2026 we expect to complete our targeted volume reduction from our largest customer by more than 50% from 2024 levels.