Erik says Modal is aggressively acquiring capacity and raising money for it, while acknowledging that tail risks could produce severe losses.

“I'm sitting here and, like, I'm, I'm extremely aggressive, like, buying capacity every day and, like, raising money to buy, you know.”

“So overall, [chuckles] I'm, I'm very bullish, but, like, I do wanna point out and, like, you know, like, th-there are tail risks here, and, and when those tail risks happen, like, it could be... get very bad.”