16 Forward-Looking Statements/ GAAP vs. Non-GAAP Measures Forward-Looking Statements/ GAAP vs. Non-GAAP Measures • Forward-Looking Statements: Page 14 contains “forward-looking statements” within the meaning of the Securities Act and the Securities Exchange Act, identified by the word “expected”. These are only our expectations regarding our debt levels. Actual debt levels may differ materially from these expectations and are dependent on the following factors: our ability to command a price for services in excess of the costs to provide those services; the timing of our cash receipts and expenditures; the lack of any unanticipated liabilities maturing, contingent or otherwise; impacts on our business from inflation, inclement weather, competitor pricing, fuel costs, expense volatility, economic activity, changes in debt or equity markets, effects of a terrorist attack, effects of labor relations, the accuracy of our estimates of our spending requirements, the occurrence of any unanticipated acquisition opportunities, changes in our strategic direction, the need to spend additional capital on cost reduction opportunities, and the need to replace any unanticipated losses in capital assets. • Forward-looking statements on pages 7 and 13 regarding our cost reduction targets are only our expectation regarding these targets. Actual cost reductions could differ materially based on a number of factors including (among others) the ability to identify and implement cost reductions in the time frame needed to achieve these expectations, the success of the company’s operating plans, the need to spend additional capital to implement cost reduction opportunities, including (without limitation) to terminate, amend or renegotiate prior contractual commitments, inflation, inclement weather, competitor pricing, fuel costs, expense volatility, economic activity, changes in debt or equity markets, effects of a terrorist attack, effects of labor relations, the accuracy of our estimates of our spending requirements, the occurrence of any unanticipated acquisition opportunities, changes in our strategic direction and the need to replace any unanticipated losses in capital assets. • Forward-looking statements on pages 4 and 7 regarding the timing of the service center closings, the one-time shutdown costs and the timing of those costs are only our expectations regarding these matters. The actual date of the closings could differ based on a number of factors including (among others) the timing of our ability to transport our customers’ freight from each of the affected service centers. Actual shutdown costs and the timing of those costs could differ based on a number of factors including (among others) our ability to enter into, and the terms of, lease termination agreements for the leased properties, the accuracy of our estimates regarding the fair market value of the owned properties, our ability to enter into agreements to sell the owned properties and our ability to identify all costs related to the closing of the service centers and to properly categorize the costs by type. • GAAP versus Non-GAAP Measures: The earnings before interest and taxes (EBIT) margin for 2007 listed on page 13 excludes the non-cash impairment charges recorded during the year and is a non-GAAP measure, which should not be construed as a better measure than GAAP EBIT margins. |