Thank you.
Thank you in particular to Mr. McLellan. We haven't had the perspective of the short-lines yet in our study of this bill. I noted your comment that it's 20% of the Canadian volume. Obviously, that's a significant piece that hasn't had any representation. I was also struck by your figure of a 90% operating ratio, which is phenomenal.
I know the question's been asked, but some additional regulatory burdens are being added with Bill C-33. Does that concern you, given the tight ratio?