So that has us thinking that this could feel a little bit more orderly and less of a drop off, just because the supply piece wasn't nearly as -- didn't get nearly as high and is leaving so early. approaches to financial publishing, ultimately leading to the creation of Seeking Alpha in 2004. They can bring our full truckload of one product, bring that to the dock in exactly the moment that they want to move that trailer or those goods, those palettes on to store deliveries, and they only have to touch the freight one time. And then we ask that you please disconnect your lines. Thanks, Dave. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. VP Product. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. As I mentioned on the previous slide, our investment in technology has allowed us to seamlessly leverage trailers across over the road fleet -- our over the road fleet, our dedicated operations and logistics business to provide our customers with ample trailer pool capacity. Okay, and what happened was, you know, I was a research analyst for Morgan Stanley, and I saw that people were publishing views about stocks on blogs, and that the future was moving away from the gatekeepers, and away from the establishment. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers. Or is this just not the right way to think about at this time? On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. When AAA Cooper joined the KNX family last year, one of our stated goals was to improve the OR performance from the high 80s to the mid-80s over a three year period. We're talking about using those trailers where we can have a bank of trailers and stays them where we would bring a loaded in and give a customer the benefit of days, maybe a couple of days to unload that trailer as opposed to a couple of hours. We are constantly evaluating market conditions to maximize our use of cash to create value for our shareholders. There really isn't much that we haven't hit from our larger customers. We provide diverse opinions on each stock so that investors can weigh the bull and bear case and make an informed decision.Our news enables investors to understand why the market and the stocks in their portfolio are moving or are about to move. Working closely with our contributor-partners quickly became my passion, and over the years I went on to lead the Contributor Success team and eventually the Contributor and Community Content team. Our truckload earnings now represent only 61% of earnings, which represents a meaningful shift from where we were in 2017 as noted in the graph when we did the Knight and Swift merger. We continue to be excited about this business and have several projects ongoing that will improve the experience for our third party carriers. We have made meaningful progress in expanding margins as we monetize our underutilized containers, while we are transitioning rail partners. We are seeing significant improvements in revenue and income growth in each of these areas. These diversification efforts make us less volatile company and we expect will help us mitigate the downside through truckload freight cycles. consolidated second quarter revenue and earnings results on a year-over-year basis. You can look at our rate per hundred weight at $14.20, excluding fuel, and compare that to some of the industry leaders and what you'll find is, there's some -- there's much bigger rates out there than already what we've achieved. We could not be more encouraged with the progress of the two LTL organizations, AAA Cooper and MME and the opportunities ahead in building a connected national LTL offering. Avishag Baruch. Our Q2 trailing 12 months return is 24.8%, which is a substantial improvement from the 17% return we achieved during the peak of the last freight cycle. In this review I will tell you how it has performed over the last 6 years, how it compares to Stock Advisor, and let you decide if it is worth it. We found tremendous interest in our offerings from third party carriers that are interested in purchasing insurance and maintaining their equipment in our nationwide shop network or leasing equipment and leveraging our buying power to purchase fuel. 2Q is an excellent quarter for LTL. As I've used it, I haven't seen that, and that's something I think you need to guide me through when we do this. Founder and CEO. Well, detention charges, they don't care. Find David Jackson's articles, email address, contact information, Twitter and more When I started Seeking Alpha it was, we gotta get you all the assets. And so, we're fortunate with over $1 billion of free cash flow over the last 12 months that we have opportunities to go in both directions and we can sing and dance, so to speak, at same time and see both of these continue to grow and flourish. Logistics revenue per load will moderate sequentially, but will be -- but will be more than offset with increased load volumes and most likely operates with an operating ratio in the mid to high 80s. Thanks, Ravi. I live in New York City with my wife and daughter and have many outside passions including classical music, collecting photography, adventure travel and playing numerous sports. And I think a classic example to that would be, just look at the first half of this year. And so, we're transitioning in that space from also similar to the customer paying a big premium in spot, we're transitioning from paying very large premiums to bring power-only capacity into our network to paying what -- where the market rate is and relying on the efficiencies to attract. When you say 200 hundred people, is that all the writers? Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. You have a jury who listens to both sides of the case, always. Do you see where I clicked in the navigation. And so, that's just -- and we didn't go into this one with a huge oversupply like we did in 2018 to 2019 or like we did in 2006 to 2007 or like we did in really -- I guess those would be some of the biggest ones we've seen in recent history. And let them evaluate it, and let them choose for themselves. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. The chart on the left shows the percentage of adjusted operating income from each of our segments and our other non-reportable services since the Knight and Swift merger in 2017 through second quarter of 2022. Schedulers may also want to investigate driving predecessors and successors. We have invested in technology that allows us to efficiently leverage our assets throughout multiple segments, including truckload, logistics and LTL. Slide 12 illustrates the trend of return on net tangible assets. And a case could be made with the kind of the mismatched inventories in many cases that are out there, the lack of warehouse space, the tremendous need for trailers that going into this cycle, there's probably even more value on the nationwide trailer network. Thanks. But I personally am deeply involved in our product because I use it. We haven't quite got to $1 billion, we're on our way to $1 billion a year run rate for that to be the big driver of the earnings for the business. Today, we plan to discuss topics related to the results of the second quarter, provide an update on current market conditions, and update our full year [2020] (ph) guidance. And again, our tax rate is expected to be around 25% for the full year. And number three, to provide these services in a way that benefits the relationship that we have with small carriers as we build a much, much larger network using their power with our trailers and freight network. We have used the recent bid season to develop a freight network that better aligns with the Union Pacific network, with much of that volume coming on throughout the third quarter. VP HR. And lastly, we expect the used equipment market to normalize as small carriers exit with little interest from new entrants and increased difficulty in securing credit for smaller carriers. Do you foresee a long term ability for that segments OR to ultimately rival your TL segment and to sort of be the driver of your earnings power expansion as we think about future cycles? The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. Get contact information for Seeking Alpha and Seeking Alpha journalists by joining Muck Rack. Seeking Alpha is another excellent premium subscription service. Now this slide may be one of my favorite slides for the quarter as our LTL businesses have made significant strides in increasing yield, managing costs and expanding margins. Our mission: Power to Investors. And we believe this approach is very welcoming to other LTL companies who may choose to join the network. In addition to this strategic acquisitions, we continue to improve our core truckload business and our existing assets to generate additional revenue. So right now, I don't think we have a great read on 2023, so I'd hate to make a comment on that without maybe having a little bit more time to understand how fourth quarter really starts to shape up. Seeking Alpha. And so, when you look at the fact that the full truckload piece is, first, we saw a shrink in terms of the overall revenue. Fabolous est n John David Jackson le 18 novembre 1977 et est d'origines dominicaine et afro . I am passionate about building and scaling businesses. But we very much like the business. So that's a little bit of color there. We expect total gains on sale from equipment to be in the range of $20 million to $35 million for the back half of 2022 as the used equipment market continues to moderate. Live from New. Intermodal margins will remain double digits and we expect to see volumes begin to improve on a year-over-year basis in the third quarter. Maybe talk a little bit about what it provides your customers in terms of efficiency gains? And then also not looking for guidance, but any thoughts on how contract rates will progress into 2023, just given where the spot market is right now? Im passionate about building a product that enriches our subscribers lives, and a platform that provides opportunities for our contributors. My practice focuses on M&As, IPOs, securities laws and commercial transactions, as well as daily consultation to all companys stakeholders. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. And then, when you read the article, you can say, oh well this person owns the stock. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? These increases in revenue and earnings is from our overall strategy to develop essential services for third party carriers. I understand there's a lot of variability, but right now in the current guidance, it doesn't sound like you've got a big fourth quarter planned right now? For example, our ranking of the top stocks in each industry is valuable because it enables investors to discover stocks which subsequently outperform the market . I wrote this article myself, and it expresses my own opinions. Well, that's completely unacceptable and would never work within supply chains. Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. And what you're noticing is we're able to do it in a very high return way on our income statement. We anticipate that sourcing and retaining drivers will continue as it has been -- continue to improve as we have seen thus far as it has been particularly challenging for small carriers and we are seeing signs of drivers looking for new opportunities. I guess, the takeaway, I guess, I'm getting to some extent is, it feels like maybe this, I guess, every cycle is different and certainly Dave you made a good point about why this might be different than previous cycles. This offer expires soon! I think we're a little more cautious on the fourth quarter just because of just the uncertainty of what type of projects may be there. We are very encouraged by the LTL results and our conviction for synergy achievement continues to grow. But I guess as you sort of think about where you are in terms of penetrating customer demand for that particular service for drop trailers, where do you think you are there? Just to make sure that when we refer to power-only, that's understood. You have to have meaningful scale of trailers and you have to have them scattered all over the country like we do. . What caused you to create this thing? I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. So we -- were of the belief that there's definitely going to be resilience like there was in 2019 in the kind of contract business that we're able to do given size and scale versus what maybe the broader would see. And again, it's one question per participant. View People Contact Information. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. And our net cash CapEx for the full year is expected to be in the range of $550 million to $600 million, which is unchanged from the previous quarter. Thank you very much for the time guys. Vice President, SEO at Seeking Alpha Huntington Station, New York, United States 1K followers 500+ connections Join to connect Hofstra University About Result focused, quality driven. Each of the brands has its own unique competitive advantages, whether that's based on the region or doing more expedited or in some cases a little longer haul. The job of the defendant is to make the case that their person is innocent. Our customers save them money on paying detention or having to hire extra labor to be at the ready to stop and unload any truck that might roll in within two hours. Strong earnings have driven increases in our free cash flow, which was $1.1 billion through the second quarter over the trailing 12 months. The chart on the right shows our rolling four quarters adjusted earnings per share since the Knight and Swift merger. Thank you. Im an experienced HR executive with over 18 years of experience in leading global HR teams across multiple business units. I love navigating through complex laws and regulations to distill practical business solutions. So we have that going on as a backdrop that is different than any cycle prior to 2018. Across all of our brands, we have a tremendous team of drivers, shop technicians and office personnel. He started his career as a macro-economist at HM Treasury in London and The Bank of Israel, and later moved to Morgan Stanley in New York as a technology research analyst covering the communications equipment sector. The platform uses crowdsourced ideas from a global pool of investors. And so, as a result of that, when you look at the progress made in LTL, for example, I mean, we're well ahead of schedule there. I imagine at least partially as a result of fuel and then clearly you had super strong yields there. I'm very excited to show it to you, and give it to you right, right? According to Wikipedia, Forbes, IMDb & Various Online resources, famous Saxophonist David Jackson's net worth is $1-5 Million at the age of 72 years old. One of the unique things about what its impact on rates are is in freight rates you have headhaul and backhaul markets. I think there's some OEMs thats doing a little bit better than others, but still very pressured on being able to deliver on orders. Im now Seeking Alphas Chief Technology Officer. And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. Despite fewer spot opportunities, our logistics load volumes increased 48.2% year-over-year, with our power-only service offering growing 96.7%. Founded in 2004, Seeking Alpha is an investment research platform and newsletter that relies on the combined knowledge of its community to find the best investing opportunities. Read More Contact David Jackson's Phone Number and Email Last Update 11/28/2022 5:56 AM Email d***@seekingalpha.com Engage via Email Contact Number Technology has been a meaningful factor in how we've been able to not only significantly grow our logistics business, but do so while expanding margins. So, I wanted to ask on the -- Hi, guys. For the quarter, revenue excluding fuel surcharge was $224 million and the adjusted operating income was $47.8 million. The intermodal results are included on Slide eight. And so I realized, as I saw all of this content starting to be published on the web. To begin, we'll move you to Slide two, where I'll read the disclosure. LTL is expected to grow revenue through yield management and shipment growth, while improving margins year-over-year. All lines have been placed on mute to prevent any background noise. And in fact they have lower risk than the full truckload irregular route business has. Our LTL business showed great improvement and ran the 70s for the first time. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. And I think that's why we like this as a nice complement to our core business. Dave and Adam, you guys have seen a lot of freight cycles, you have a lot of great perspective, not to mention all the information you see from your businesses. But the good news for us is, we're not in an either/or. And of course, when you run more miles, you create even more supply in a time where it was already oversupplied and that's where the non-asset based broker would come in and aggregate, if you will, all of these small carriers and try and bundle that as a discount in rate and they would further drive rate down. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. I joined Seeking Alpha in 2017 as Controller, and was promoted to VP of Finance in April 2021. Is Seeking Alpha Worth Subscribing To? We want people who own stocks to write articles explaining why they own the stock. And good afternoon, everyone and thank you for joining our second quarter 2022 earnings call. Our R&D teams deliver cutting-edge technology based on robust processes and best practices, using agile software development methodology. These results reflect our focus on; one, growing our less asset intensive businesses; two, acquiring and improving businesses; and three, expanding margins in existing operations. Or, is it? Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. So what you're seeing is, you're seeing us tap into operating leverage that we have, that we uniquely have, because we're more than twice the size of the next closest in terms of trailer fleet. My hobbies include reading history and tormenting my children with terrible dad jokes. This non-reportable segment hasn't been a great focus of analysts or investors over the years, but it is now building as one of our fastest growing segments. So new trucks aren't coming on, we're seeing, as Dave mentioned, the used equipment market is cooling because small carriers can't afford the prices and can't find credit. In fact, the earnings are phenomenal there. I think you alluded to this notion that power-only is really spot only -- spot businesses. So we might have a rate that in a backhaul market that's half the rate of what it is that's Phoenix to LA versus LA to Phoenix, which would be nearly twice the rate. I have a BA in Behavioral Science from the University of Ben Gurion and an MBA. But we're excited about the runway that we have there. It's been largely abandoned by the industry, because it's not -- I mean, it's a bit chaotic and to do it right takes a lot of work. Mr. Miller, the meeting is now yours. Password. And so, all indicators are that supply is contracting already as we speak. CCO. There isn't warehousing in between. Here it is. We expect load volume to increase and margins to remain double digits in the back half of the year. Our mission is to ensure that Seeking Alpha is truly data-driven, and to bring the influence of technology to every business team. GAAP earnings per diluted share for the first -- for the second quarter of 2022 were $1.35, which represents a 46.7% improvement from the prior year. We've got 200 employees, and thousands of contributors. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. So, Adam, just to clarify though, it doesn't sound like you've got a lot built in for a lot of transactional opportunity into the fourth quarter. Quality of Research/Analysis: 4.5/5. Service 42. We think that there are a whole -- there's a whole another level of synergies that can come as we can corner the entire country in a nationwide operating network behind the scenes with still the individual brands on the front end running the businesses. I lead Seeking Alphas product development, and have played a pivotal role in designing and developing the products of Seeking Alpha and other prominent financial platforms. Now on Slide 13, we have our second half of 2022 outlook. Founded by a former Wall Street Analyst David Jackson, Seeking Alpha gained popularity in the trading world due to its approach towards stock advisory services from the buyer's point of view. And that has come off, probably off 25% or even maybe a little bit more. Seeking Alpha is the dominant crowdsourced equity research platform, with thousands of contributors, and millions of registered users, monthly uniques, and email alert subscribers. I mean the product that I just gave you access to Kerry, has had like 10s of millions of dollars of investments in it. 3. After his phenomenal debut in 2014, Chinese K-pop star Jackson Wang has been taking the entertainment industry of South Korea by storm. And so -- and that has been effective in every single cycle since 1980. Two is to leverage existing expertise in areas where we've proven industry leading results, such as risk management, maintaining equipment and purchasing. Or, is short the stock, and that's fine. You don't know how reliable somebody is. . The reality with freight rates going up, with driver wages going up, that number should have gone up, but it hasn't yet. We do over for a backup where we contract with a customer where any type of freight that falls out just flows to our power-only business and we're able to support them there. And the [indiscernible] rate is $60 an hour. All the stock advisory services and recommendation previously available . Feb. 18, 2014 -- Investment research website and blogging forum Seeking Alpha is in hot water after an anonymous blogger revealed that billionaire David Einhorn was secretly buying up shares in a tech company. Or do you think that it's more likely that you kind of have moderation and we kind of get through this without seeing a big cyclical downturn? Just want to clarify that. Profitly Login. Forgot password. That gets us very excited. I joined Seeking Alpha as VP of Global HR in January 2021, to lead the companys people practices and translate our business vision into HR initiatives that improve performance, growth, and employee engagement. Our site is the only free, online source for over . My name is Sylvie, and I will be your conference operator today. Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q2 2022 Earnings Conference Call July 20, 2022 4:30 PM ET, Adam Miller - Chief Financial Officer and Treasurer, David Jackson - President and Chief Executive Officer, Good afternoon. Okay, so you see as a premium subscriber under every headline you get this label here that tells you what the person's view of the stock is. It's because we have other businesses that have different exposure to -- different risk exposure to cycles. And most likely that will lead to an allocation of orders for next year. And Adam, I understand your comment that it's mostly difficult compares. Daniel Hochman. After that, then there's a detention charge. I mean, if you looked at our operating income, there's -- that's an operating income number that rivals the biggest market caps of anybody -- of full -- of companies moving full truckloads, whether that's over the rail or whether that's over the road in our transportation space. We believe our focus in these three key areas leverages our core competencies in areas of opportunity that are unique to us that will allow us to continue to generate significant returns to our shareholders. So by the way, I think that's a great question for us to discuss. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. Slide 12 illustrates the trend of return on net tangible assets improve the experience our! To join the network a product that enriches our subscribers lives, and them. 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