everyone, Good joining quarter. Thank during first us Logistics operated and call. morning, thank well the you you, on Colin. the for PBF
not strong our contracts, immune impacts While we and business. pandemic, provide our the are the sponsor support of base for from of long-term relationship XX%
recovered opportunities seasonal down down volumes. historical has April market appears and approximately storage As our country throughput partially levels bottomed consumer from to has out This to nationwide seen across approximately revenues relative in pre-COVID in our demand, demand rebalances in been and for by a have the we have XX% XX% business. and decline demand. obviously to the offset Gasoline increased
most performed based $XX to uncertain announced used the per the just base. reflects on was data the unit, we seeing which we bit to equates the Today, outlook, be which quarter, outlook. recent a decline while company's shows the a its company's per at The national Our $X.XX distribution move of given average, low or XX% not a sheet. approximately off but rather than point, million system reduction decline strengthen performance balance reduction rack a prudent over XX% is a better of to will believe The conservatism.
provide Longer company for term, respect this action move with leverage capacity react growth appropriately as the will and the forward. to to we
the the projects addition In company the and also reevaluate distribution, to discretionary go. to will deferred has marketplace as continue we
over it turn to I'll that, With Erik.
