Seeking Alpha is . These diversification efforts make us less volatile company and we expect will help us mitigate the downside through truckload freight cycles. I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. 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. Our adjusted earnings per share came in at $1.41. David Jackson launched it as a way to offer all investors access to very valuable content, from stocks, mutual funds, and ETFs to cryptocurrencies and commodities. We expect load volume to increase and margins to remain double digits in the back half of the year. Please go ahead. Third party carriers prefer power-only business because it saves them hours at each load and unload location, lowers their capital investment and risk, reduces their operating costs and gives them access to freight that historically wouldn't be able to participate in. We expect other revenue and income to grow when compared to prior years, as outlined on Slide nine of this presentation. And I think that's why we like this as a nice complement to our core business. But I think sequentially we'd expect rates to be stable. As these businesses grow and develop, we will evaluate whether it makes sense to aggregate some of these businesses as a separate reportable segment. Membership fee: $239 per year Free plan available; mobile app Get 50% Off Fortunly Rating Free Plan: Yes Costs: Premium $19.99 per month; Pro $199.99 per month (one-year subscription) Securities: Stocks, ETFs, mutual funds, commodities, cryptocurrencies Years in Business: 18 The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. Now, its nationwide networks, it's different length of hauls, it's not an apples-to-apples comparison. 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 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. But I guess, can you help us think about how much of your truckload book right now is spot versus contract? I get that. 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. 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. The job of the prosecutor is to make the case that the guy is guilty. It is not the same to have one truck and one driver show up that have to be unloaded immediately versus somebody who staged hundreds of trailers at a customer facility and give them all kinds of efficiencies. David Jackson, Seeking Alpha Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia. But even at $60 an hour after two hours. 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. 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. 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. My name is Sylvie, and I will be your conference operator today. And then we ask that you please disconnect your lines. And so, as any of those markets change, we can shift focus to another one of those areas to support our customers and continue to grow our power-only capabilities. Avishag Baruch. We will get to one question per participant. Freight demand followed normal seasonal trends, but was generally strong throughout the quarter. We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. 2Q is an excellent quarter for LTL. And that process is well underway already. Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may apply. And that is meaningful. Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. Some tools you can start utilizing if you sign-up to Seeking Alpha, include: Custom virtual portfolio tracker Link and analyze your actual portfolio 3. I think your -- first part of that question was acknowledging what are the benefits to the customer. 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. Thank you very much for the time guys. But the good news for us is, we're not in an either/or. The loss reduced both the GAAP earnings per diluted share and the adjusted earnings per share by $0.16. We have discovered several genes that control plant architecture by exerting an influence on stem cells. In 2020, summer of 2020 you saw some of the cheapest fuel we've seen in --certainly in oil prices, maybe in ever in the modern era. Which Task has which predecessors and who is going to work on which Task. 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. Get contact information for Seeking Alpha and Seeking Alpha journalists by joining Muck Rack. That's very helpful. 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. CCO. Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. Adam, anything? Just to make sure that when we refer to power-only, that's understood. 1. CTO & COO. It was like the wisdom of crowds. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. and industry experts (buy side) rather than sell side. Thank you. Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. Because I mean I'll just, I'll just give you one kind of example, which is a lot of what we've been thinking about over the last year. 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. And just to clarify, we're saying $20 million to $25, we're not seeing $20 million to $25 million per quarter. Now on to Slide three. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. Im an experienced HR executive with over 18 years of experience in leading global HR teams across multiple business units. Yeah. David Ganek: Delivering Alpha Unfiltered. One thing we do know that has been consistent from one cycle to the next is, when credit dries up, that brings religion to small carriers in terms of what they do to grow or refresh. I think Jack, I'd also add. 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? Spot would certainly be one of them, but we react to all sorts of different customer needs. Now on to Slide six. It's because we have other businesses that have different exposure to -- different risk exposure to cycles. Log In. Following our commentary, we will answer as many questions as possible. Is this happening to you frequently? Maybe talk a little bit about what it provides your customers in terms of efficiency gains? The idea of providing investors with a level playing ground to share insights was as exciting then as it is now! Terms of Use | Market Data Disclaimer | Privacy | Do not sell my personal information. And it sounds like maybe even an expectation that rates will be somewhat stable sequentially. Our LTL business showed great improvement and ran the 70s for the first time. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. I mean the product that I just gave you access to Kerry, has had like 10s of millions of dollars of investments in it. Quality of Research/Analysis: 4.5/5. Good afternoon. That's great. First is to introduce new profitable revenue streams with lots of growth runway that further diversify our company. And really how the fourth quarter plays out will play a big role in setting the stage for what those changes could look like going forward. Please go ahead. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. Knight-Swift Transportation Holdings Inc. (KNX). . When I started Seeking Alpha it was, we gotta get you all the assets. I think you alluded to this notion that power-only is really spot only -- spot businesses. 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. 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. I understand articles are limited, but news announcements? While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. Profitly Login. 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. I wanted to ask on the guidance commentary around the rate assumptions for the back half of the year. Now on Slide 13, we have our second half of 2022 outlook. Slide nine illustrates the strong growth in our businesses that are included in the non-reportable segment. 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. Whether its a major strategic partnership or acquisition, I genuinely believe all successful businesses can only be realized with a high performing and cohesive internal team. At the same time, new technologies were creating the possibility of a . Fabolous est n John David Jackson le 18 novembre 1977 et est d'origines dominicaine et afro . At this time, I would like to welcome everyone to the Knight-Swift Transportation Second Quarter 2022 Earnings Call. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. Accessibility: 4/5. My hobbies include reading history and tormenting my children with terrible dad jokes. Thank you. We have pulled some of these containers back into our operations and will continue to do so in 2023. Find David Jackson's articles, email address, contact information, Twitter and more 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. Also several additional projects have already begun and are in various stages for 2023 and beyond. 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. 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. 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. We very much like a 78.7% operating ratio. Daniel Hochman. We are seeing significant improvements in revenue and income growth in each of these areas. Select this result to view David L Jackson's phone number, address, and more. We've got 200 employees, and thousands of contributors. Yes. And so, there's all kinds of cost savings. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. So what I'm leading to in all of this, Tom, is different than any other cycle, we have never seen supply come out so early and appear to be coming out at the same pace, if not, maybe even faster than demand seems to be waning. Service 42. Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. Hey, great. 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. That's their job to be biased. Gross margin also expanded to 24.4% in the quarter, compared to 15.7% last year, leading to an 82.2% adjusted operating ratio. St. Olaf College Alumni Founded Companies, Deakin University Alumni Founded Companies, Boise State University Alumni Founded Companies, Dartmouth College Alumni Founded Companies, Startup School by Y Combinator Alumni Founded Companies, Vellore Institute of Technology Alumni Founded Companies, Center for Digital Technology and Management, CDTM Alumni Founded Companies, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. Did this happen because you are an investor? I was a research analyst for an investment bank in the tech bubble, and I'm not a serial entrepreneur. There's many ways that we approach power-only with our customers. This offer expires soon! We also expect LTL demand to remain strong with increases in revenue per hundred weight remaining in the double digits on a year-over-year basis. 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? Founder and CEO. David Jackson Founder and CEO. They don't know what it is yet. But we very much like the business. And I think a classic example to that would be, just look at the first half of this year. You don't know whether they're a criminal, right? Seeking Alpha has thousands of contributors worldwide that are held. David Jackson (Seeking Alpha), American entrepreneur, founder of Seeking Alpha in 2004 This page was last edited on 3 November 2022, at 14:29 (UTC). 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. Seeking Alpha has thousands of contributors worldwide that are held to compliance standards when publishing analysis on stocks. Please go ahead. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. We expect that demand may moderate as the consumer digests and deals with higher inflation and uncertainty in the economy. Many of these services are branded under our brand of Iron Truck Services. David Jackson Professor Ph.D., University of East Anglia, 1991 jacksond@cshl.edu | 516-367-8467 Jackson Lab Website Faculty Profile My lab studies genes and signals in cells that regulate the growth and shape of plants. Thanks, Ravi. We have identified several locations to develop or expand our LTL footprint through the rest of the year on an organic growth side, we expect to add 300 additional doors at nine new or existing facilities. We love doing a regular route full truckload. Thank you. Next to Slide 11. So just a difficult comp from a year ago. We expect continued decline in non-contract truckload opportunities. I left Morgan Stanley, and immediately started working on Seeking Alpha. The intermodal results are included on Slide eight. So, I guess, should we think about the truckload piece as a normal sort of down cycle, which I think we would view sort of contract rates maybe declining as much as what we've seen from spot? These increases in revenue and earnings is from our overall strategy to develop essential services for third party carriers. And now, of course, the challenge would be securing enough credit to do so. Ladies and gentlemen, this does indeed conclude today's conference. And industry experts ( buy side ) rather than sell side 's not an apples-to-apples.... Enough credit to do so have discovered several genes that control plant architecture by exerting an influence stem... Why Seeking Alpha and Seeking Alpha journalists by joining Muck Rack rate assumptions for the back half of this.... 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