Todd Macomber: Well, I mean a lot of it is — we’re comparing against prior year, right? And in the year ago period, ocean was a bigger piece of our business and ocean revenues, which have been small margin, I mean, it went from around 9,000 and 3.8 per shipment this last year-over-year quarter. So it’s really the product mix. So there’s a much bigger piece of domestic, which is higher margin characteristics that results in the overall margin, what do I want to say, composite margin. So I think what you’re seeing now, we’ll continue to see as far as margin characteristics.
Bohn Crain: In the slower market. So I’ll give maybe a slightly broader answer to that question. We always try to think about the business in terms of growing our absolute gross margin dollars and getting as many of those gross margin dollars to the bottom line as we can. So in our comparative prior year periods, we had lower margin ocean, and we had lower margin air charter business. And so with that kind of not in this current quarter, what we’re seeing is something that domestic margins less dilutive by some of these lower margin modes or service lines. But at the same time, our absolute gross margin dollars are down. So I would — although it may sounds a little counterintuitive, I would rather have lower gross margin percentages and more gross margin dollars to get to the bottom line.
So that’s kind of a long way of giving a more, I guess, comprehensive response to your question. But if we’re kind of — if your questions were targeted towards how should we be thinking about modeling kind of upcoming quarters in terms of margin characteristics, I think this quarter’s margin characteristics are indicative of what we would expect for the next several quarters until we see some lift in ocean or if we get some surge in project work, which is entirely possible, given the state of global affairs with ongoing dynamics in Israel and Ukraine.
Kevin Gainey: No, that’s very helpful. And maybe just to kind of circle back one last time on kind of just the macro as well. I think you guys expressed that we’re pretty much along the — right at the bottom, and I was wondering what do you see that gives you that indication maybe that we’re kind of at the bottom.
Bohn Crain: Well, so I hold — every Monday, I hold staff calls with each of my operating divisions. And I ask them these very questions every — literally every week. So I think I’ve got a pretty good pulse on kind of how they’re feeling, kind of what kind of feedback they’re getting with our end customers. And so I think that’s what I’m giving you is the best reflection based upon or kind of the team and their engagement with the end customers and feedback. So I think that’s the best answer I can give you.
Kevin Gainey: That’s all. I appreciate the color guys.
Bohn Crain: Yes, thanks.
Operator: It appears we have no further questions at this time. I will now turn the program back over to our presenters for any additional remarks.
Bohn Crain: All right. Thank you. Let me close by saying that we remain optimistic about our prospects and opportunities to continue to leverage our best-in-class technology, robust North American footprint and extensive global network service partners to continue to build on the great platform we’ve created here at Radiant. At the same time, we intend to thoughtfully re-lever our balance sheet and through a combination of agent-station conversions, synergistic tuck-in acquisitions and stock buybacks. Through our multipronged approach of organic growth, acquisitions and stock buybacks, we believe we will continue to create meaningful value for our shareholders, operating partners and the end customers that we serve. Thanks for listening and your support of Radiant Logistics.
Operator: This does conclude today’s program. Thank you for your participation. You may disconnect at any time.
