xpo logistics company with a customer list includes ge, ford, and more, mario harik is the ceo and he morning, thank you for having me. >> give us a sense of the supply chain, where is it and where do you see it going? >> we are seeing from the demand perspective that demand is slower than last year. we saw the drop in terms of shipping demand in the month of march and things have slightly improved in the month of april in the month of may. when we look at the industry, the shipment count are down year on year and at xpo the last published number we had was for the month of may , but shipping count was up 2% year on year basis, that is by gaining market share and shipping more freight for customers. >> the fed minutes show the possibility of another hike or two more. how does that impact the business for you and your customers? what are they telling you about the increased cost of capital? >> the higher rates will do that from a consumer perspective as well as in the industry of economy so it slows down economy. we have seen these rates go up impacting cost inflation, cost inflation i