Question-and-Answer Session
Operator
Thank you very much sir. (Operator Instructions) And our first question comes from the line of Brannon Cook of J.P. Morgan. Please proceed.
Brannon Cook - JP Morgan
Hi, good afternoon. A question on the volume trends in the quarter. Volumes just were positive in the second quarter. Could you talk a little bit about how things progress in the third quarter, and how things have looked during October?
Bruce Campbell
July was not good. We saw a little bit of build up in August, and what I would call an improvement, Brannon. And then September kind of maintained that. Having said that, it was nothing to jump up and down about, and it couldn't recover July for us. Month today, we're little a bit hesitant to say a lot as you might imagine, the Kitty Hawk bankruptcy has had some impact. We don't know how permanent that is. We don't know what's going to happen there. But we did see a little bit of an uptick and how permanent that uptick is or if it was just simply a matter of volumes are picking, we don't have that answer as we sit here tonight.
Brannon Cook - JP Morgan
But looking towards your fourth quarter revenue guidance at 10% to 15%, you get a little bit of more revenue from U.S.A., but it looks like the volume outlook is a little more optimistic?
Bruce Campbell
You hear me hesitating. It's been so long since we've had an optimistic revenue forecast or volume forecast. I am hesitant to say it, I guess we would say, we're cautiously optimistic that the fourth quarter will see some nice volume trends, but again, we've had our ups and downs before.
Brannon Cook - JP Morgan
Okay. On the pricing front, the things mimicked the volume trends a bit, where you saw some incremental weakening in the pricing environment, you talked about the competitors going in and pricing irrationally in some ways and trying to hold off on that. Was that kind of -- do you see a similar trend progressing through the quarter and any incremental optimism on the fourth quarter?
Bruce Campbell
Hopefully we are going to able to maintain the yield a little bit better than we did in the third quarter and certainly nothing our people did wrong. I mean we really witness some foolish acts by different competitors really on the crazy side. So, I guess when you guess when you're desperate, that's what you do. Hopefully some of that will calm down here in the fourth quarter. Obviously, the fourth quarter tends to be the busiest of our four quarters, and perhaps people want as quite as many desperate things to try to be in the business.
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