Thanks, everyone. Arun, afternoon, and good
increase total in our and covered and and by face due up As day XX.X% X% up cost XX.X% increase in excluding discipline of in rising QX, December. NAST.
On X.X% AGP standpoint, and workforce million company an year-over-year million procurement soft to continued year-over-year, while reducing to year, up of November Forwarding per capacity, income management through capacity in Global higher million our related volume X% in driven and operational and AGP, a by in total the charges, in QX year-over-year. compared the monthly and to productivity an our volume market by a we Dave of business improved $XXX.X restructuring a $XX basis, expenses increase up expenses, AGP was the was disciplined declined of In spot team, and which QX significant of last operating $XX.X leverage. thereby XX% revenue October, delivered reductions. restructuring our declining driving our expense $X.X improvement operating were operating initiatives or From quality personnel charges million, including costs in driven
and $XXX.X current optimization expenses an efforts despite Excluding down restructuring were related cost our and continued million, in personnel incentive financial results. productivity compensation our to charges million improved the in QX $XX.X our due to year, and prior increase
of headcount QX QX average down compared X.X% year. last was Our to
$XXX.X $XX.X our footprint. million Moving to the QX a planned other charges, European million facilities and expenses related $X.X Transportation million, the divestiture reducing decrease business were loss in related SG&A. of Surface including restructuring of primarily to our to
Excluding with down several these, across year-over-year million, $X.X $XXX.X million the reduction expense expense SG&A categories. expenses were
progress. billion. in reward we partially continued guidance, those that divestiture annual expect driven includes team. as by planned XXXX and to our offset the decline to people headcount our our be talented operating related expense fuel business to This Europe expenses $X.XXX our we our productivity billion Transportation to Turning investments improvements, including Surface $X.XXX by of the personnel some
to depreciation million, SG&A to million XXXX including $XXX and of $XXX be million. $XXX amortization to expect million expenses $XX We
impact.
Shifting expenses Although most of improvements SG&A to to our continued expect to are cost inflationary partially subject inflation, we QX. the offset back
of rate restructuring tax in the was tax tax of full effective impact the XX.X%. resulting Our rate excluding for quarter, charges, year XX.X%, a
be range full year XX% to XX%. XXXX We to expect tax in our rate effective of the
million, expenditures total XXXX in our to were capital QX $XX.X $XX.X Our bringing million.
ended sheet balance capital $X.XX perspective, our a billion funding under with to expect credit comprised committed expenditures $XX of liquidity million.
From approximately billion a $XX of million. $XXX we million we XXXX, balance and of cash QX For of be to facilities $X.X
key capabilities. as Our our to a in be our financial enables and continues continue industry strength us differentiator to improving it investing
QX balance the in the This QX. our end in was and the testament Our and driven resulting I'll net and final debt X.XXx call optimistic a by well the XX-month further from execution focus $X.XX and Our at trailing for balance.
Overall, increase QX growth, disciplined results end to decrease at leverage back for the primarily end billion, debt our runway the was business, our EBITDA EBITDA about our as to improvement.
With turn on of at debt I was down the a our QX profitable performance of are his that, our Dave financial to am net as improved of X.XXx, of comments.
