Terms of Use | Market Data Disclaimer | Privacy | Do not sell my personal information. 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? And so, very quickly with two extra hours to unload a trailer, you can find yourself with a 30% to 40% increase on many backhaul lane moves. Our call is scheduled to go until 05:30 PM Eastern Time. And so -- and that has been effective in every single cycle since 1980. These factors contributed to a 39.2% increase in revenue per load, partially offset by a 17.2% decrease in load count. 2Q is an excellent quarter for LTL. I am a qualified attorney in Israel and New York. Following our commentary, we will answer as many questions as possible. And again, most likely, we'll have an allocation. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. It's not, okay, we're going to put our heart and soul into LTL and we're going to forget about full truckload. CCO. I would also point out that I think maybe it's unfair that we've been painted with a broad stroke that all were truckload and we've great lengths to try and point out the differences that we have, these aren't superficial, these are legitimate earnings streams. In my IDF service, I worked as a liaison to UN forces deployed on the country's northern borders, which inspired a lifelong dream to move to more rural surroundings. Premium Portfolio David Jackson; Topics Type All 0 Ideas 0 Questions 0 Bugs 0 Praises 0 Announcements 0. We expect load volume to increase and margins to remain double digits in the back half of the year. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. David Jackson Founder & CEO at Seeking Alpha About David Jackson is the founder of Seeking Alpha. This followed two years as Nices Revenue Accountant. At the same time, new technologies were creating the possibility of a . [Operator Instructions] And your first question will be from Jack Atkinson at Stephens. Book reviews moved to Amazon, right? Our Logistics segment continues to grow at a rapid pace, while expanding margins. What we're talking about is us leveraging the 73,000 trailers we have available within for our customers to fill with truckload freight. Please go ahead. Just to make sure that when we refer to power-only, that's understood. So for example, you've got the electronic logs. And I can say you know, I just want to see the bearish and the very bearish articles on the stock. These increases in revenue and earnings is from our overall strategy to develop essential services for third party carriers. There's another type of founder of startups of people who build the product that they want themselves. And that is meaningful. 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. I now live with my very own Brady Bunch (and assorted pets and wildlife) in the beautiful North of Israel, spending most of my free time feeding all of them, taking nature walks and tending my garden. The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. The industry norms since electronic logs were mandated and enforcement began in early part of 2018 the industry standard is that you get two hours. David Ganek: Delivering Alpha Unfiltered. The Seeking Alpha Premium service portfolio linking feature allows you to connect your brokerage account with your Seeking Alpha account. 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. Click the follow button if you like this video so you dont miss any of our future video releases. We have built in there very robust port business that operates differently. We've got 200 employees, and thousands of contributors. Each reportable segment grew revenue double digits and expanded margins, which ultimately led to a 49.1% increase in revenue and a 66.1% increase in adjusted operating income on a consolidated basis. On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. After his phenomenal debut in 2014, Chinese K-pop star Jackson Wang has been taking the entertainment industry of South Korea by storm. Daniel Hochman. This is a result of our continued focus on growing our logistics and intermodal services, our progress towards building a nationwide LTL network and the development of new revenue streams that provides expanded services to third parties. You have to have meaningful scale of trailers and you have to have them scattered all over the country like we do. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. Select this result to view David L Jackson's phone number, address, and more. 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. I believe that technology innovation by brilliant minds leads to awesome user experience. And what you're noticing is we're able to do it in a very high return way on our income statement. Thank you. [Operator Instructions]. So just a difficult comp from a year ago. As these businesses grow and develop, we will evaluate whether it makes sense to aggregate some of these businesses as a separate reportable segment. We have discovered several genes that control plant architecture by exerting an influence on stem cells. First is to introduce new profitable revenue streams with lots of growth runway that further diversify our company. We believe our scale in trailers is a competitive advantage and provides our customers capabilities that are extremely difficult to replicate. Additionally, we continue to make investments in the growth of this business and added 450 containers in the second quarter and plan to add an additional 1,500 throughout the rest of the year. He left in early 2003 to manage money (long/short) and explore new. 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. I focus on accelerating growth through a mix of strategy, developing and managing enterprise partnerships, and corporate development. Thank you. Karen Weissberg. David Jackson's Net Worth: $1-5 Million Age, Height & Body Measurements David Jackson current age 72 years old. We empower investors to make the absolute best investing decisions by leveraging our independent and balanced stock research, fundamental analysis tools, crowdsourced debate, reliable news, and actionable market data.Our research is created by investors, for investors. 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. But I think sequentially we'd expect rates to be stable. Our expansive trailer network allows our customers the ability to optimize thorough our warehouse space and labor costs. Seeking Alpha focuses on stock investing. 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. What we do as a platform is we put every side in front of you so that you can decide for yourself. David is related to Sara L Jackson . Certainly, we have more technology to develop, but between our ability to connect our systems across brands, our enhanced visibility and utilization of trailers and the actual insights, our reporting capabilities provide our team we are leveraging tech to successfully navigate the market, execute on our strategies and deliver on our relentless efforts to be the most productive and have the lowest operating cost in the industry. Also several additional projects have already begun and are in various stages for 2023 and beyond. Our truckload business continues to run with an operating ratio in the 70s. VP Product. On the truckload side, we have focused for the last four years on growing our less asset intensive and variable cost based lines of business. During the second quarter of 2022 our truckload segment grew revenue 11.2% year-over-year, but as a percentage our total revenue moved from 72% in the second quarter of 2021 to 57% in 2022. 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. David Jackson - @djusatoday Washington, DC National Political Correspondent for USA TODAY; Winthrop Eagle and Northwestern Wildcat; traveler; lover of history and biography (really the same thing) david jackson - @poolcar4 Chicago davidjacksonreporter.com The platform uses crowdsourced ideas from a global pool of investors. Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. Forgot password. Our balance sheet is strong and we are well positioned to invest in organic growth, pursue acquisitions, purchase more shares, increase dividends and/or pay down debt. Thanks. And analysis articles that focus on a specific stock are still free in the first 10 days. 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. I was a research analyst for an investment bank in the tech bubble, and I'm not a serial entrepreneur. Spot would certainly be one of them, but we react to all sorts of different customer needs. Both GAAP and adjusted earnings per share include a $33.8 million pretax loss in other income or expense from an unrealized mark to market adjustment in our investments related to Embark Technology. There really isn't much that we haven't hit from our larger customers. But the good news for us is, we're not in an either/or. Well, that's completely unacceptable and would never work within supply chains. We expect continued decline in non-contract truckload opportunities. And I think that's why we like this as a nice complement to our core business. And just to clarify, we're saying $20 million to $25, we're not seeing $20 million to $25 million per quarter. LTL is expected to grow revenue through yield management and shipment growth, while improving margins year-over-year. No, that's just our employees. As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. Mr. Miller, the meeting is now yours. So by the way, I think that's a great question for us to discuss. While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. That might sound like a really obvious thing, because, for example, that's the way the whole legal system in America and Western countries work, right? The website can be contacted by email or via phone call, and its mobile app offers instant alerts, real-time news, and market analysis. Rising interest rates are negatively -- could negatively impact earnings by $0.05 to $0.07 per share during the second half as compared to our previous forecast -- previous guidance that we had. We expect contraction in supply and are already seen it, and expect that to continue as the year proceeds as carriers deal with depressed spot rates combined with high energy fuel prices, higher maintenance and equipment costs and rising interest rates, which not only makes it difficult for those that are highly leveraged, but also disincentivizes new entrants to the market. For the past 15 years I have been representing private and publicly traded international corporations across all industries. Click HERE. (3) We've raised retention for Seeking Alpha Premium by (i) identifying our most valuable product features, and (2) redesigning the product UX to increase the usage of those features. At this time, I would like to welcome everyone to the Knight-Swift Transportation Second Quarter 2022 Earnings Call. Im also a strong believer in remote working, as a way to enable both career success and other life goals, so many members of our team work from home. I have no business relationship with any company whose stock is mentioned in this article. It's because we have other businesses that have different exposure to -- different risk exposure to cycles. In addition, he makes $2,531,869 as Pres and CEO & Director at Knight-Swift . So as a result of that, today in the Knight and Swift, nine out of every 10 loads that we haul involves a trailer pool on at least one side, if not both. The best result we found for your search is David L Jackson age -- in Kansas City, MO in the Rosewood neighborhood. You saw the gross margin of better than 24% in our logistics segment. I need to understand how this happened. And that simply isn't an option that's available. Please go ahead. And Adam, I understand your comment that it's mostly difficult compares. We have three primary objectives in these carrier services. And then, when you read the article, you can say, oh well this person owns the stock. Now, it wasn't nearly as difficult for the big guys, because electronic logs was one of the big reasons why there was the surge in 2018, because people could run less miles and you couldn't double down and run even more miles in an oversupplied environment. Do you kind of feel more confident in that $4 floor in earnings? I wrote this article myself, and it expresses my own opinions. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. You know, there are many startup founders who are just incredible people who say okay, where's a really big market ready for disruption? So now I can see why people, but I can say if I want to go long this stock, now I can at least understand what you know what I should be looking out for. What's the most efficient way to help a small carrier reduce their empty miles in a $5 plus diesel fuel environment and what's the best way to save the supply chains? If you look at the other key components to our business, we have a variable cost in there, whether the cost is the third party carrier, whether the cost is the rail. Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. Our adjusted earnings per share came in at $1.41. Paul Jelinek. Yes, sure. Well, detention charges, they don't care. 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. 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. Of course, they're biased! Im now Seeking Alphas Chief Technology Officer. David Jackson is the founder and CEO of Seeking Alpha. Live from New. 2. We very much like a 78.7% operating ratio. Okay. Seeking Alpha fut fonde en 2004 par David Jackson. I think power-only plays a big role when customers come to us with projects that they need help on in a very short time window. Our miles per tractor continued to be negatively impacted by our intentional shift to a shorter length of haul and a higher unseated truck count year-over-year. Part 1 of the company's annual report on form 10-K filed with the United States SEC for a discussion of the risks that may affect the company's future operating results. Okay. Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. Once again, thank you for participating. These estimates represent management's best estimates based on current information available. And we have untapped leverage within the trailer pools than the whole trailer fleet that we have. And so, we -- when you look at even the truckload portion, we do truckload with multiple brands, we have in that segment includes a bunch of dedicated business. 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. Seeking Alpha is . And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. 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. Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. Thank you very much for the time guys. Over the years, we've demonstrated our ability to effectively acquire and improve truckload businesses. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. So hopefully that answers your question, Chris. And I think a classic example to that would be, just look at the first half of this year. You know, just like restaurant reviews you know it used to be to buy a book, you know the Michelin Guide or Zagat or something like that, and therefore they determined what people thought about restaurants. Thank you. Slide 12 illustrates the trend of return on net tangible assets. And on the last call, you said that in a trough scenario it was difficult to envision EPS below $4, and I'm sort of paraphrasing here. Actual results may differ. The nurturing of so-called community with free content and social media aspects built site participation and popularity. We expect that demand may moderate as the consumer digests and deals with higher inflation and uncertainty in the economy. Since the 2017 Swift merger, we have invested $1.6 billion in acquisitions, making acquisitions remains a high priority for us. In addition to this strategic acquisitions, we continue to improve our core truckload business and our existing assets to generate additional revenue. Gross margin also expanded to 24.4% in the quarter, compared to 15.7% last year, leading to an 82.2% adjusted operating ratio. But even at $60 an hour after two hours. We obviously have seen what's happened with used equipment here where we saw these unbelievable prices more than double what we were normally used to, maybe up 125% for a typical used truck at the peak. 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. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. 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. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. 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. 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 right shows our rolling four quarters adjusted earnings per share since the Knight and Swift merger. The chart on the right highlights the percentage of revenue during the second quarter of 2022 from each of our four segments, as well as the percentage of revenue from our other services, which include our rapidly growing insurance, equipment and maintenance, equipment leasing and warehouse services. But we're excited about the runway that we have there. 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. A subscription to Seeking Alpha Premium unlocks thousands of research reports on nearly every stock you may be interested in, making it a unique and invaluable research tool. And so what you've seen happen now for several quarters consecutively and again here powerfully in the second quarter is, we've been able to bring third party carriers in to move these loads that are more -- that's more efficient for the carrier, it's more efficient for the supply chain, we're able to manage that whole transaction. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. I will now hand it to Adam to finish up with our guidance. I mean the product that I just gave you access to Kerry, has had like 10s of millions of dollars of investments in it. And for those that are in the queue that we haven't been able to get to your question, feel free to follow-up with us. We anticipate changes in the environment and pivot our strategies accordingly. And so I would say that LTL has got ways to go. And so, that being said, I would say that we've been pleasantly surprised at the magnitude of the synergies that are available in both a large TL that has a few advantages going forward with -- working with LTL. For example, we now have over 6,000 trailers in our leasing program. We acknowledge that we have less visibility on peak season surge as compared to the previous two years. If you have an ad-blocker enabled you may be blocked from proceeding. I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. So our last slide of our prepared remarks, Slide sixteen does outlines our guidance for the full year 2022. Im married with five children, and live in Raanana, Israel. Investors read our financial news to gain insight into stocks future earnings and price trajectory, and to find new and exciting opportunities. , I think a classic example to that would be, just look at same! 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