Global Trade This Week – Episode 168
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Unknown Speaker 0:00
You're watching global trade this week with Pete mento and Doug Draper.
Doug Draper 0:08
Hello and welcome to another edition of global trade this week. We do it every single week. We don't miss a heartbeat, and we love talking about trade, logistics and supply chain. I'm only half of the show. My co host and conspirator, who is again in a different location across this beautiful country, is Mr. Pete mento Pete, easily can tell you're in a hotel. So what's your story, Brother, where are you?
Pete Mento 0:37
I have a friend of mine who asked me to fill in kind of last minute at Port, Columbus, 24 so I have taken a break in my much needed vacation to be in Columbus to speak at a pretty significant venue today, as you can tell. Happy to do it. But I would much rather still be in New Orleans than than here. But these things happen.
Doug Draper 1:03
Yeah, well, good for you. You know, self sacrifice for the betterment of the of the industry. So that is, that's cool, man, thanks for doing. I'm sure your friend is very appreciative. So listen, man, I'm
Pete Mento 1:16
not, I'm not Mother Teresa, you know, given it, I'm giving a 45 minute speech about trade complaints, and I'll probably hand out, like, 100 business cards. It's okay, yeah,
Doug Draper 1:27
hey, that's that. That's what we do. Yeah, and Mother Teresa, if people could just hear the conversations before the show and the commentary after the show, I think they would be, I don't entertain shocked, surprised, I don't know, but it's great. We always talk for maybe 10 or 15 minutes before. So anyway, it's pretty
Pete Mento 1:49
morbid. Doug, we've got some dark humor before the show starts. Yeah,
Doug Draper 1:53
yeah, exactly so, but we're not about dark dark humor during the show. We're about global trade, forward thinking. So Pete, kick it off, brother. What you got? Yeah,
Pete Mento 2:03
in a in an event sure to irritate and aggravate. Doug Draper, uh, last Thursday, I believe was it, yeah, last Thursday, Tesla had a enormous launch ceremony. You know, tech companies do these all the time where they have some big production of a launch ceremony, and the launch was for a couple of things. First was the cyber taxi. And the idea behind the cyber taxi is, according to Elon Musk, you know, fact check him again, global trade this week, we don't fact check the the average American spends less than eight hours a day in their car less. And I guess that's including people who do long haul driving, and all you know, I don't understand about that. So what do we do with that car for the other 16 hours, it just sits in our garage or out in front of parked in front of our house? So what if we had a car that you bought? And for the other hours, it was actually available for someone else to use? Else to use. And he showed some incredible pictures of what he thought the future would look like. It would more than, I mean, unquestionably, eliminate the need to park so it would drop you off, and it would go out and make you money. And he envisions a future where people own two or three of these things, and it's their income, and the operating costs at this point is around 20 cents a mile, which is high, but as more and more of them are bought and the technology gets better, he expects it to be more like two to three cents. I mean, it was incredible, the things he was talking about and the car itself, it picks up after itself. It has robotic arms and things inside of it that pick up tissue that people left vacuums. Itself was pretty amazing. The second thing that he brought out that I found fascinating was his robots, which, the more I learn about them, the more amazed I am. And I've talked about this before in the show, he expects there to be somewhere between seven to 10 humanoid robots for every person living in the world by the end of the century. And seeing them, you know, we found out later that they weren't necessarily speaking. There was a person who was talking for them. You know, it wasn't quite as Westworld as I sort of hoped that it was. But, you know, there were, there were humanoid robots serving drinks to people, and I don't know if they were being remotely controlled, but the point is that these things could articulate that way. But it's the third one for today's show that I find the most fascinating, the robo van, robot van, which he kept calling robot van, which bothered me, and I don't know why, just like, just call it a robo van, Elon. Come on, be cool. And it was, it was very sizable piece of equipment, and it looked very beautiful art decoy, sort of a thing, and he had 12 people walk off of it. But he said during his speech, imagine the same idea being transferred now to Carvel that you'd be able to do it would take the place of a box truck or straight truck. Right where it would pick things up, and it would move them where they needed to go throughout the course of the day, and it would need to be driven. And the statistics on that are positively mind numbing. Doug the idea that there's a way for us to do final Hall delivery of small package, final Hall delivery after break, bulking out the cargo and doing the customs entry, getting the boxes of things to people, and having these robots actually deliver it to the place that it needs to go. If we would have had this conversation 10 years ago, it would have sounded absurd, but now I am positive that we saw last Thursday, the future, this is going to go down as one of the most important product launches in human history. It's up there with the Wright brothers. I'm not kidding. It's up there with, you know, the Mercedes Benz converting from steam to gasoline. It's up there with, with all the changes tractor trailer. And I can see you smirking. Are you doing it? Doug, the ability for this technology to be mass produced in America. That's also very important. And then the way that it will be able to to completely, I mean, radically change humankind. Not not just not, not just like some rich dude who's got three Teslas that he's renting out, mankind is going to dramatically change because of this technology and people want to see it now, but that's what's going to happen. You're going to have autonomous vehicles doing final mile delivery, autonomous vehicles that can be shared by individuals, that will go from place to place. The number of deaths because of these cars is going to go down dramatically over time, and what we do to our environment is going to change. Parking lots are going to go away because of this Giving Green Spaces and opportunities to build more Doug, what we saw on Thursday was a wholesale change to mankind. Now is your opportunity to tell me what an idiot I am and to completely disagree
Doug Draper 6:54
with Well, first off, Pete, you are not an idiot. I learn things from you every single day, so that is not the case at all. But no, however, I can say however. But sounds too uh, too aggressive. Um, I don't know. Man, it's, I don't even know where to start. So first of all, this stuff is so visionary, I get that must does some crazy stuff. Everybody pivots to what he has to say, Steve Jobs esque, as he had been developing apple. I mean, maybe he is just so incredibly visionary that it's hard for muggles like myself to comprehend, right? So just, I'm all about practicality, right? So the self driving cargo, like, I'm trying to figure out how that thing's going to navigate, and my daughter, and here's why I'm gonna think about this, navigate Little Italy in Boston. How's it gonna get around Manhattan? How's, you know, if you're this big, fancy warehouse that's in the middle of Central Valley of California, maybe. But this is year, decades away, right? So the car thing, where I want to rent my car and have it zip around, I don't know. I mean, there needs to be a whole generation of people, maybe for the next 50 years, to retire, and may I be so bold, die before. People are, you know, welcoming of this. You know, I think kids that are, hey, they don't like to drive. They just take Uber. You know, we've talked about that before, like when you and I were 16, even 15, in our rural communities, you could start driving. Man, I couldn't wait to start driving. That's not so much the case anymore. Certainly is with some So until that generation kind of gets 3040, years up, I don't know. I like cleaning my car, like having it, I like watching it and seeing it in my driveway. So I, you know, I'm kind of little bit all over the place on this one Pete I get it. I don't know if it's revolutionary. I think the helium, whatever blimp or Zeppelin, was revolutionary back in the day. I get it. You know, he needs to be a visionary. He's got Mars, and all the things he's got going on, he's a verbose character, in some degrees. He tells great stories, and some of the things that he does, uh, materializes on on some degree, but full, wholehearted game changer, I don't see that happen anytime soon, like anytime soon in the next century, 10 years. What? 10 years? All right, so if we do one of these a week, and so that's 52 a year, times 10. So if we get to like episode 600 because we've already got or 650 we've already got about 150 under about, no way, no way, 100% disagree on this whole thing. Okay?
Pete Mento 10:00
It's fine, Doug, you can disagree me about this all you want. Like you said, it's not about us. Our ideas are dying. If you were to tell my daughter that there's a way for her to affordably, never have to own a car, but to have all the benefits of a car, she's all in. All of her friends are all in.
Doug Draper 10:18
Well, until the age of our leadership in our country switches from like upper 70s down into the 40s. As far as age goes. I don't think the mentality is gonna doesn't matter if we could have a whole we could have a whole show on this one, plus anymore. I don't deny how the younger generation, and you know, our kids are right in the thick of it, perceive, engage and with technology way different than we did, and it will exponentially go faster and faster, but that is a massive quantum leap from
Pete Mento 10:52
what you basically makes a phone. That's the next thing Doug the Tesla phone. When he makes the Tesla phone, that will also change everything that works off a Skylink. And it's he's talking about a virtually indestructible phone Made in America, virtually indestructible, Made in America off a satellite network that is going to have outrageous security, and that too, will change
Doug Draper 11:15
everything we've talked about. He talked about a virtually indestructible truck at one time too. I won't go any
Pete Mento 11:22
further, though. You know, it turns out the cyber truck is pretty, pretty hard to kill. So he did pull that one off, but he said this, and I agree with him, we've now left the cell phone era. We've left the handheld computer era. Is now we are quickly moving away from and we're moving to a, you know, a humanoid robot era. And that's happening in front of us as we speak. Doug, there will be a warehouse 10 years from now, and I'm willing to bet DSV runs it. That's, I mean, that's how confident I am in this where there isn't, there aren't people working in difficult environments. There's still people working in them, but there will be humanoid robots who are lifting heavy things. Who are, you know, the driving, driving the forklifts. And it takes a whole new perspective on what's going on with the port strike. If you begin to really extrapolate beyond that, they should be scared, because there's nothing that those guys don't do that could not be automated. If there was an articulate human robot, articulating human robot, that could do the work for them. It's coming. Buddy, the great words of Billy Bragg, here comes the future, and you can't run from it. If you've got a blacklist, I want to be on it. All right, so there's nothing you can do about it. You can hate it, and you can say, I'm going to be a hater. I'm going to be on list hating it. Doug, whether you like it or not, it's happening, pal.
Doug Draper 12:39
All right, so I'm gonna just do my self intro and change the topic and move on to mine something a little bit more shut this down. Oh, so I'm kind of rewinding and going back to the real world for a minute, and that's related to moving cargo through traditional means of planes, trains and automobiles. And I saw the other day that Amazon air, Prime Air, which is initially designed to have a closed loop system to move their own products, is now actually selling their services, right? So they've basically entered in the four higher air cargo market, right? So they're making the available capacity in their own aircraft now. They don't own and they lease them out, right? That's a whole other level and very common in the industry, but they're basically selling it out to third parties now, right? So the dsvs of the world and other freight forwarders can actually buy space on their plane. So two things, one, it's a new sales channel, right? They always talked about how Amazon was going to be the new FedEx ups, you know, the third bar stool, if you will, in that. And this is a very tangible move towards that, right? And one thing Pete, I didn't understand. I didn't understand. I didn't know how big their fleet was, right? They have 100 here. I'm just going to read some stats here. 100 aircraft. They have 730, sevens, and 760, sevens, which is kind of little old school and airbuses. 250 daily flights, 55 airports, or 54 airports. Their hub is outside of Cincy, and it's reminiscent to me, as as you remember, folks from our era airborne Express. That's how I cut my teeth in this industry. Their their hub is in Wilmington, Ohio. I think the airplanes no offense to anybody, because I love airborne Express. I learned so much from that organization. I have utter respect for them, but I think they had rubber bands, some duct tape and bubble gum that held that operation together at times, which made it fun and exciting. So some of this is reminiscent a 767. Was old when I. Was it airborne Express? And now that they have them, the bottom line is, here's a new avenue that has capacity that's going to market, and we'll be interested to see if Amazon lowballs the rate structure out there related to domestic air freight, and would FedEx or UPS ever buy that space from Amazon and put their Cardinal on it? So anyway, I think that there's a lot more to this discussion and this topic in the future. So did you hear about it?
Pete Mento 15:30
Yes, yeah. I was really captivated by the whole story. And for a long time, people have speculated that Amazon might buy or that Alibaba might buy like, UPS, you know, buy DHL, like, do something like that, because they use so much space, and now they're dipping their toe in. I mean, think about that like buying 100 aircraft and operating every day. Is just like playing around for Amazon.
Doug Draper 15:56
They're not even serious yet,
Pete Mento 15:58
and they're just going to start slinging cargo everywhere, which is interesting from a capacity perspective, but I would love to know, I haven't seen anything on this yet, how more profitable it makes them by being able to just more or less buy transportation at cost, and then that cost associated with it now is dramatically reduced. That got my attention. And then, second of all, how much of E commerce is taking up air freight, a lot right now. So they've also kind of cornered the market on that, which is going to allow them to really stick it to competitors, like everything else Amazon does. There's probably a lot of thinking that went into this just seemed like a really smart decision. And I think we're going to see this thing really, really grow quickly, whatever they can do to make, yeah.
Doug Draper 16:42
I mean, they're gonna let other people subsidize the the cost of their network, right, which will enable them to continue to operate on the two day prime. And that that model. So I wonder
Pete Mento 16:52
what the two letter code is for Amazon. Amazon, that's, that might be true, yeah, if it was Elon Musk, it absolutely would be Yeah, or baseball's one or something like that. Yeah, cool.
Doug Draper 17:07
All right. Well, that brings us to our halftime, one of our favorite parts of the show, where Pete and I can just talk about whatever we want. And I'm sure some people fast forward through this section, and other people may just jump to it and listen to our pontifications. But it's brought to us by CAP logistics. We appreciate all the support that they give. So halftime, 123, here we go. Pete, whatcha.
Pete Mento 17:31
Doug, you know, down in New Orleans last weekend, had a wonderful time, and I was constantly frustrated by the fact that people would not take cash. It was as an example where the saints play at the Superdome. It is a cashless facility. No one there. So if you get a beer in the stands, they want a card. If you go anywhere to buy they want a card. And in New Orleans, I'm always very skeptical of the credit card machines, because it's kind of a hustle in town. Man, someone's always trying to stick it to you, and I don't like giving my credit card out down there, because it's a tourist city, so if someone's going to steal your crap, it's going to happen there. But I was really shocked at the number of places I went that said we don't take cash. We don't take cash, and it bothered me for a number of reasons, not the least of which is, I don't need a large company. I'm going to sound like I'm wearing a tinfoil hat here, gathering all my data and being able to sell it or do whatever, or a government agency being able to turn off my ability to purchase goods and services. But the the the fact I could not use legal tender cash, which anywhere else on the planet has a higher value normally, than the money that's there. It really, really got, it really got to me. And, you know, I took out a certain amount of cash because that's what I wanted to spend that day. And I guarantee I spent more than I took out. It just really bugged me, you know? So this is my turn. Now Doug to be a cantankerous old fart when I talk about this. I don't know, Doug, were you on the cashless society?
Doug Draper 19:00
You and I are 100% in agreement. I joke with my kids, I'll go, I'll still go to the ATM, I'll get out cash. And I joke for my kids, I don't want people tracking where I am and what I'm buying, right? So I'm in favor. You know, some things I don't mind. You know, the grocery store makes it, make it easier. You know, you're not behind that individual that opens up their checkbook and writes it out while everybody's waiting. That doesn't happen anymore, but yeah, I'm all just there's certain things that need to be cashed when you were telling that the story, I just when I was in my mid 20s, visit a bunch of friends in Chicago. We went to a cubbies game at Wrigley, and the idea of you're in the middle of the stands, and you're handing money to 15 people down there, where the beer Beer Guy is taking it, and he's handing an open beer in, like a plastic, like a wax paper cup. That's like, getting squished as it gets passed, and beer spilling. And you're like, buddy, what's up? Keep the change. And then you. To know your neighbor because he's handing you a beer and you're like, Let me buy you the next round and and all that kind of stuff. So 100% in the sporting events, I think Mile High Stadium is cashless. I know that Coors Field is, yeah, come on, it's just agreed certain things. But let's just keep the cash around. I don't need my boss knowing I'm at a Rockies game at two o'clock in the afternoon on a Thursday. Well,
Pete Mento 20:27
now he knows. Doug, good job. I haven't gone to a day baseball game, no, the week in like a decade. I miss them.
Unknown Speaker 20:34
They were a lot of fun. Yeah, yeah, that's what you got, Doug, tell us about your halftime All right. Well, this
Doug Draper 20:40
is another old well, it shouldn't anyway. I'll just tell you about this one. So I'll keep it short and sweet. There was a new cruise ship called the sun Princess, which is the nearest or the newest fleet for the princess cruise lines that went out of Port Everglades the other day. It's a mega ship. They were basically delayed because of the hurricanes in the last week or so going through Florida. So they were just kind of out of the way waiting, and then they came in. It is a mega shift, right? I'm not going to go into all the things that it has on it, but if you look at it, I don't even know how tall these things are, but it looks like you get a little bit of wave in the ocean, it's going to tip over, and it's just more and more and more people, and I just keep thinking to myself, no way Will I ever be able to go on a cruise ship the claustrophobic nature, not necessarily on it, because that's just people big city. You're kind of doing whatever. But if that thing ever shut down in the middle of the ocean, because you've heard stories, and I'm the old guy, and I'm sure the percentage of the time that happens is very small, but having zero control of my situation, and there's a listeria breakout or whatever, toilets are getting pot, and you have no control, right? I freak out when I go through the Eisenhower Tunnel and in here in Colorado, that if that traffic ever comes to a dead stop in the tunnel, I'm gonna lose my shit. And there's just no way, no way I would ever get on a cruise vessel. You know, there's those. What are the ones in in Europe? The Viking ones? Viking? Yeah. I'm like, I could do a Viking. And then I paused to myself, and I'm like, that's what really old people do. So I guess that means that's the that's the what I'm migrating to, because I can see the shore. I'm a pretty good swimmer. The S goes D, I'm jumping off and swimming to the shore. So, Pete, my question to you, thumbs up or thumbs down on Mega cruise shows, cruises,
Pete Mento 22:35
period. I don't think I could do it's come up a bunch of times. It's a weird kind of thing for me. Doug, this has been brought up a bunch of times to me. I have a very dear friend of mine, friend of the show bridge, Boyer, who works at Holland America, and she's always saying, you and your daughter should go on a cruise. You'd love it, but I would feel like I'm supposed to be going to work right. This is a ship, and when you're on a ship, you move cargo and you go to work, right? That's what's in my brain. I mean, the good news is, if, if I had to, I could probably, very poorly navigate the thing in the middle of the open sea if it happened, but I could do it. It's just not something I want to do. You know, the worst kind of cargo in the world are ones that talk and breathe and eat, and I don't want to be surrounded by them and vacations. For me, I need a certain degree of of, you know improv that it goes on through throughout it. I don't I don't want to be set to someone else's schedule, but the idea of being on a gigantic floating city where the fun is being manufactured makes my skin crawl. So I've heard about these other cruises, super high end, very expensive cruises. Maybe that's the way that I go, I guess, but you know, I'll just go to France and stay at the Ritz Carlton, dude, I'm good. I'm fine. Not for me, buddy. Yeah, all right,
Doug Draper 23:49
we're on the same page. I just have visions of you like, uh, Ernest Hemingway, it's like, 11 o'clock at night, and you got these, these slickers on, and you're at the front of the boat, and you're just talking about the chaos. Stand back. Mateys, we're moving forward,
Pete Mento 24:06
not, not far from what I would hope to be the truth. It's like when a when a small airplane pilot is hoping that the pilot goes down on your flight, and is there any pilots in here? Oh, it's my time. It's finally happened. You know, I be eating a crepe at the breakfast bar. Does anyone have a Coast Guard license here? You know, go stand to watch. Yeah, love it. Pretty fun, right?
Doug Draper 24:26
Well, that was our halftime cap logistics. We appreciate their support and their help. That's it. So second, the second half of the show, Pete, what's your you know,
Pete Mento 24:37
my next topic is not very long, but I think it sort of proves a point here. The the numbers that we're getting back right now about the cargo volumes are very interesting when it comes to ocean we know now for a fact, people moved a lot of crap prior to what we thought was going to be a strike. We've got Golden Week happening right there. There's certain things in the calendar that really flow with ocean freight. Right? And we're seeing volumes. They're not where they were or where we expected them to be, because you talked about this thing twice on the show, people were front loading their inventory, anticipating a possible strength, and now that's going to have an effect on rates. You would imagine the volumes go down. Rates will go a little down with them. Good news. But what really I wanted to talk about here is, I think that this is people who learn from covid. I think it's folks that maybe realize that when covid happened and their supply chain fell to pieces, I don't want that to happen again. So let's, let's take a financial risk and maybe pay a little bit more hold it in inventory, which is a cash problem for some companies. But to be better to have it here than to have to worry about not being able to get it at all, or only go through the west coast. So to me, I think this is a good indication that people did learn something from what happened in covid, and I'll be watching a lot of other phenomena to see how else we can probably tie those two together.
Doug Draper 25:54
Yeah, not. I would agree you know, that people did learn from covid, and I guess, a couple things, right with all the if you're dialed in and your job is to negotiate and manage freight for a large company or any size of company, right? Maybe even the smaller ones are more important, because it's live and breathe or live and die by a handful of containers that could make your business. Panama Canal was an issue. Suez Canal was an issue. West Coast port was an issue. These hurricanes. And obviously freight would be moving before the hurricanes happened. The potential of the strike, you know, maybe there was just enough, you know, signals out there that people made it. And then there's probably people in boardrooms that are like, Hey, we overbought at the end of covid. We burned through that, all that inventory in 2023 we need to be right sized and ready to go, because we were up and down in the last couple of years. It's very unstable, and the shareholders can't handle that this year, so get it here early. We'll justify the additional cost. But gosh darn it, we're not going to lose business because we don't have product and market. And I think covid certainly set the bar for what that happens. So, you know, good on you. The American logistics negotiator.
Pete Mento 27:15
I think demand planning is probably the crappiest job in logistics, buddy.
Unknown Speaker 27:19
Yeah, when things
Pete Mento 27:21
go right, they're like, Well, that was your job, and when they go wrong, everything is your fault, so I would not want to have that as a gig do,
Unknown Speaker 27:27
yeah, oh, you're right. All right,
Pete Mento 27:29
take us home, buddy. What's our last topic this week? All right,
Doug Draper 27:32
my last topic. And if anybody knows this gentleman, I know for a fact we would have him on our show. We would do a dedicated one. And it's Dave Clark, who's the former Amazon whiz kid. He's not a kid, but he's the former Amazon guy that went over to Flexport that was starting to make some some changes and move in a positive direction, from what I had read. And then your buddy Ryan, you know, kicked into the curb. Well, he's announced that he started this, this new venture called auger, a, U, G, E, R, he's got like $100 million of backing. It's a logistics software startup. It's basically ability to unify different data and provide real time insights and allow people to make decisions faster, and all that kind of good stuff. So a name that nobody had heard of, Dave Clark, all of a sudden in the last 18 months, he's kind of like a name that everybody knows if you're in the supply chain world. So I wish him all the best. Sounds like he's a very creative individual. I didn't know much about him until his move over to Flexport would welcome him to be on the show and get his take on auger and kind of what he's doing the thing. And again, this is me. You're a visionary more than I am. For sure, I'm worried about, you know, 15 feet in front of me, and how I'm going to take care of my family and pay the mortgage. I still don't understand what some of these words mean and how that works for me on a day to day basis, so interpreting data to make decisions faster. Okay, well, give me an example of that, like, what? What does that mean? What's the practicality of that technology? I don't deny it's there. I just need some real world examples of of what that means, so I can have a clear vision. So like I said, I'd love to have him come on the show, talk about the vision and what the software does, and dumb it down for me, like I'm this kid from Wichita, Kansas that needs things simplified to a third grade level. But anyway, did you hear about auger? Your take on Dave Clark? Yeah, I've
Pete Mento 29:39
never met Dave Clark. I'd like to I think that whatever you're gonna call it, forcing him to leave, or whatever they did, firing him, whatever was just one of another in a long line of stupid decisions that were made at Flexport. And reading about what he's trying to do here, it sounds like a mixture of a lot of different technologies, maybe being honed into one platform. You have a lot of project 44 in there. You know, there's a lot of stuff for an operating system that's really more focused on not the freight forwarding world, but the transportation consumer themselves, and being able to make real time decisions. It might have everything to do, from giving you options if a certain transportation lane is closed, giving you options on what you can do to manage it. Maybe there's some final mile options in there as well. He's seen a lot, and he's surrounded by very smart people, and now he's got a big checkbook, so I'm sure there'll be some acquisitions in there as well. But happy to see what happens there. Yeah, I would love to have a long conversation with him about a lot of things, particularly what Amazon must have been like. But yeah, this is it's an environment right now where we're not seeing a lot of money being flooded into Logitech, which for a long time we had to see this in the news, that someone's dumping a pile of cash like this. That shows a great deal of confidence in what he's done in the past, and that there must be a hole in the market that he was able to articulate to people, to get someone to cut a check that big. So we'll be watching it. Hopefully we get a chance to talk to him. Yeah, all right. Well, that's going to do it for the gruesome twosome, the dynamic duo of mento and Draper, for another exciting installment of global trade this week. Big, thank you to our friends at CAP logistics. Big thank you to to Keenan, who probably had yesterday off for middle school because it was Columbus Day. And like we say, every week it's happening in global trade. We'll talk about it next week on global trade this week. Good show. Doug,
Unknown Speaker 31:33
all right. Good luck today, buddy. Thanks, Bob.
Unknown Speaker 31:36
You
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