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Our problem is we're seeing a huge increase in commodity prices as well aslabor costs, with minimumm wage going up, not that it really impacts us but it does but pressure on the other We're trying to cut back. We're doinhg things just a littlebit differently. We'rew bringing people in a half-hour later in the morning. That obviouslu puts a little more pressure on them to get things done But every little bit helpsright now. But there'd no real cut in service. Rod Anderson , president , the parenyt of The interesting thing for us isthat it'sz actually going to work in our favor.
It's actually going to increase our revenuebecause we'r getting more leads for our Basically, companies will contact us if they have interna l IT infrastructure resources to see if there woulr be cost savings to outsourcee it to us. We're not talking aboutg going to India. We're talking abouty being in Overland Park. Some of the larger-size clients are findinhg it very cost-effective to outsourcer IT and plus gain a lot ofthe economies-of-scale And some of the smaller-sized clientss are also gaining a lot of efficiencies and not havin to worry about IT, which allows them to focus on theid core business.
For us, we've been hirinvg more folks this year, and we're going to continuer hiring more folks. Jim Avazpour , CEO, Since Lockton'sd business is all about identifying businesd issues andcreating solutions, we have been lookinh for ways to help our clients weather the We do that by finding ways to lower totall cost of risk and by goinhg beyond simply delivering the percentage of premiumn reductions that are available in the currentg insurance market cycle.
We will continue to invesrt in resources like lossprevention specialists, claim professionals, mergersx and acquisitions diligence specialists, surety bonding executive protection experts, alternative risk financing analysts and others. All are part of the customizedc solution we bring tothe table. Slower economic growth can mean slowerd growthfor us, but we are confidenty in our ability to continue to grow our customet base in any economy.
Ron Lockton , president, Whilee HNTB is certainly not immune fromour nation's economic we have a number of significantf infrastructure projects under way and on the We have been strategic in our approachn to securing work by looking at healthuy geographic regions and workinb with clients to develop creative alternativews for financing projects, such as public-private partnerships, that createw vital dollars for the local economiex in which we work.
There is no doubt America'sa infrastructure is in serious The engineering and architecture industriee must continue to look at alternative funding methods to keep both new and plannec projects afloat as we all work to improveour nation'se safety, security and competitiveness. Scotf Smith , CEO, HNTB Corp. (We're) takin g a hit. We're a third-party logistics company, so we actually have a hard time with fuel the way it is of retaininfg our sameprofit We're basically just taking a hit. It shrinkws our margins. It's not 100 percent reduction, but it certainlty doesn't help. ...
Our customers are askingg that we find ways to becomemore Everybody's trying to do that. I have one customee that's kind of mandating it. With fuel continuint to increase and them continuing to increasewhat they'll rebate us, they're trying to go back and say, you've got to find a way to becomde more fuel-efficient. We can't continue on at this pace." We'rre trying to establish some different things internally and with our carriers to bemore ... You definitely have to changse when economicconditions change, or you're going to be turning that sign aroun d on the door and staying closed.
Melodu Warren , CEO,
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