More recently, we have demonstrated our ability to improve the logistics business and tap into synergies between truckload and LTL. We've expanded our traditional logistics brokerage, created a power-only service offering, created brand new revenue streams, as have mentioned, with Iron Truck Services and expanded our warehousing services. 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. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. David Jackson Founder & CEO at Seeking Alpha About David Jackson is the founder of Seeking Alpha. 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. I need to understand how this happened. VP Product. Premium Portfolio And so, I think that that has led usthat has led us to have some more consistency and then a little bit more durable through even the 2019 negative cycle. At the same time, new technologies were creating the possibility of a different approach to equity research, based on crowdsourcing and community. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. CTO & COO. We acknowledge that we have less visibility on peak season surge as compared to the previous two years. As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. 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. Hey, thanks guys. Seeking Alpha has thousands of contributors worldwide that are held. We're pleased to report meaningful contributions in earnings from each area as noted on the graph. 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. The Seeking Alpha site has only one agenda, and that is to help its readers become better prepared and smarter investors. This followed two years as Nices Revenue Accountant. And clearly, it's been attractive to both parties on both sides, meaning, customer and small carriers. We also expect inflationary pressure on driver related cost, equipment costs, cost to maintain equipment, labor and several other items. David Jackson - Researcher - LinkedIn | LinkedIn Join now Sign in David Jackson Hiding from waves of LinkedIn spam by omitting my company name and job title. Two is to leverage existing expertise in areas where we've proven industry leading results, such as risk management, maintaining equipment and purchasing. 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. Find David Jackson's articles, email address, contact information, Twitter and more As Dave mentioned, we expect to feel inflationary pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue. 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. We have many fewer competitors in that space as well. Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. The enterprise value currently is $1.9 billion, which is a by-product of the significant. It's a huge discount that they only run once a year. [Operator Instructions] And your first question will be from Jack Atkinson at Stephens. Our R&D teams deliver cutting-edge technology based on robust processes and best practices, using agile software development methodology. 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. We now expect full year 2022 adjusted EPS to be within the range of $5.30 to $5.45, which is an increase from our previous quarter's guidance of $5.20 to $5.40. Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. We very much like a 78.7% operating ratio. 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. Seeking Alpha is another excellent premium subscription service. Hey, great. My career started when I fell in love with coding in high school. 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. Source . I mean, a lot of these LTL statistics are public. 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? Knight-Swift Transportation Holdings Inc. (KNX). Investors read our financial news to gain insight into stocks future earnings and price trajectory, and to find new and exciting opportunities. 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. 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. With Seeking Alpha premium, you can compare seven different stocks at the same time. Live from New. 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. Fabolous est n John David Jackson le 18 novembre 1977 et est d'origines dominicaine et afro . David is related to Sara L Jackson . Following our commentary, we will answer as many questions as possible. And so, within our truckload, we have taken a multitude of steps for that business to be de risked and to endure well the cycles on top of all the extemporaneous income streams. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. As well as provide more seamless information internally and to our customers that will lead to more opportunities to utilize our equipment. Karen Weissberg. Israel 581 followers 500+. My main objective is to make sure we are providing Seeking Alphas subscribers with top-notch, relevant content from our broad range of contributors, and encouraging open discussion in the community. 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. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? Investors are directed to the information contained in item 1A Risk Factors or 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. Please disable your ad-blocker and refresh. And then we ask that you please disconnect your lines. Did this happen because you are an investor? 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. I've received three mails on the site in three hours from David Jackson, and the mail says I've been automatically set to follow "some authors with recent articles we think . You know if you say, are they biased? Or, is short the stock, and that's fine. 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 And we have untapped leverage within the trailer pools than the whole trailer fleet that we have. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. But even at $60 an hour after two hours. Whether they're bullish or bearish. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. Our truckload business continues to run with an operating ratio in the 70s. Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. My hobbies include reading history and tormenting my children with terrible dad jokes. 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. That's their job to be biased. So for example, you've got the electronic logs. Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. Speakers from today's call will be Dave Jackson, President and CEO; and Adam Miller, CFO. But we're excited about the runway that we have there. Across all of our brands, we have a tremendous team of drivers, shop technicians and office personnel. (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. Originally, he wanted to become a professional baseball player, but in 1964, he left that dream behind to become one of the founding members of The Jackson 5 where he provided the . 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. And now, of course, the challenge would be securing enough credit to do so. 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? We have discovered several genes that control plant architecture by exerting an influence on stem cells. And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. 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. The customer included in the freight rate is two hours to unload that trailer. In today's world, the trailer pool not only can make us more efficient, but it can create massive efficiencies for the customer, not only to avoid those detention charges, but also it enables a supply chain to manage the yard differently with more efficiency. Good afternoon. Well, when you think about -- when you think about the kind of freight that's moving on trucks is by far the most economical way to move still the fast transit times, certainly compared to LTL, airfreight or expedited. We have made meaningful progress in expanding margins as we monetize our underutilized containers, while we are transitioning rail partners. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. In addition, he makes $2,531,869 as Pres and CEO & Director at Knight-Swift . This offer expires soon! The larger carriers, we have been moving towards trailer pools for many years, because it makes us more efficient. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Counted among the most popular K-pop idols, Wang's massive success, both as part of GOT7 and as a solo artist, has earned him worldwide fame, a growing fan following and endorsement deals with major luxury brands. 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. And what you're noticing is we're able to do it in a very high return way on our income statement. He left in early 2003 to manage money (long/short) and explore new. I was a research analyst for an investment bank in the tech bubble, and I'm not a serial entrepreneur. I joined Seeking Alpha in 2014. Yes. What Is Seeking Alpha. Appreciate it. Quality of Research/Analysis: 4.5/5. I have a BA in Behavioral Science from the University of Ben Gurion and an MBA. There's another type of founder of startups of people who build the product that they want themselves. Strong earnings have driven increases in our free cash flow, which was $1.1 billion through the second quarter over the trailing 12 months. Or, is it? This is a result of a more difficult comparison rather than rates meaningfully declining sequentially. And so that type of business clearly requires a significant capital investment. 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 we believe this approach is very welcoming to other LTL companies who may choose to join the network. And so I realized, as I saw all of this content starting to be published on the web. And every quarter that goes by that they get bigger, that OR gets better, and it's a larger percentage of the earnings, our business gets de risked because of the consistency of LTL earnings over time. We appreciate everybody's time today and your interest in our company. And that process is well underway already. 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. Our stock coverage is wider and deeper than any other. If you've been thinking about getting it, there's no better time than right now. And you've seen us do that with a good return. He earned the money being a professional Saxophonist. This revenue growth combined with improvements in gross margin led to $44 million in operating income, which is more than a 200% improvement for the quarter. We will answer as many questions as time allows. And again, most likely, we'll have an allocation. 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. 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. Seeking Alpha focuses on stock investing. 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. Book reviews moved to Amazon, right? And we're able to do it not to the detriment of our asset based business that performed, again, with an operating ratio in the 70s. Thank you. Thank you, sir. David Jackson is the founder and CEO of Seeking Alpha. Please go ahead. On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. I appreciate that. I'm going to start a company there and they do it over and over again, right? There's many ways that we approach power-only with our customers. Thank you. Paul Jelinek. Prior to that, I worked at an international department of a leading law firm counseling a range of tech companies and venture capital funds. Many of these services are branded under our brand of Iron Truck Services. 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. I have done a version of my current role at other traditional media companies (A&E Television Networks, Viacom/Nickelodeon and Discovery Communications) and more importantly at Taboola where I was a senior executive for over seven years prior to joining Seeking Alpha. That gets us very excited. Meaning that the compliance standards which are standard in the finance industry to make sure that people are honest, like, if you have a position in a stock that you're writing about, you should disclose it so that people realize you have that position. I have no business relationship with any company whose stock is mentioned in this article. 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. VP HR. Seeking Alpha. Our team continues to act with agility and move with the market. What's your best sense of how this evolves? There is no headhaul, backhaul, it's the same. . 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. 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. LTL is expected to grow revenue through yield management and shipment growth, while improving margins year-over-year. I later served in the IDFs Mamram unit (the Center of Computing and Information Systems), and then got a BSc in Computer Science from Bar-Ilan University. 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. Yes. The Seeking Alpha Premium service portfolio linking feature allows you to connect your brokerage account with your Seeking Alpha account. 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. The following text is a transcript for our readers who would like to follow along: (Parts of this transcript may have been altered for readability.). 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. We expect other revenue and income to grow when compared to prior years, as outlined on Slide nine of this presentation. Seeking Alpha has a consumer rating of 3.21 stars from 261 reviews indicating that most customers are generally satisfied with their purchases. We get a glimpse into that and the fact that the spot market has shrunk rather significantly in the first half of this year. Like I did in my Motley Fool Stock Advisor Review, I also subscribed to the 'Rule Breakers' service in January 2016 and have purchased about $2,000 of each of these picks since 2016. Yes. So that would constrain supply. Thank you. For the quarter, we had a 91.8% increase in revenue and a 615% increase in operating income. It doesn't cost very much more to move it on a truck than it does in intermodal. Start Your Seeking Alpha Premium Free Trial. And it sounds like maybe even an expectation that rates will be somewhat stable sequentially. But for the jury there the whole system ends up being really unbiased, and so that's the philosophy of Seeking Alpha. This guy is bearish on Facebook, right? 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. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. You have to have meaningful scale of trailers and you have to have them scattered all over the country like we do. Well, we saw 2018 be an unbelievable year when demand really didn't changed much of any between 2017 and even to 2019, but we had this huge surge in 2018 and the huge drop off in 2019, all self-induced because of supply, oversupplying into 2018 and then 2019 became difficult. 3. And as we get more clarity around that, the next time we release third quarter, we'll obviously make an adjustment based on what we know then. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. 1. 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. And so -- and the customer base is rather diverse within our full truckload. And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. The teams have been aggressive at capturing both revenue and cost synergies and are rapidly moving towards harmonizing the network through AAA Cooper's footprint in the southeast and MME's footprint in the mid and northwest portions of the US. Thank you, Adam, and good afternoon, everybody. Please go ahead. 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. While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. I would say, what has made our industry more choppy and more cyclical has been the fact that we grossly oversupply when it's good, and then it takes a little time for that to work off in part, because when the economy starts to sputter just a little bit you see wind at the back of a small carrier to absorb the difficult times by having low energy prices, typically used equipment prices bottom out. I joined Seeking Alpha in June 2021. David Ganek: Delivering Alpha Unfiltered. And just to clarify, we're saying $20 million to $25, we're not seeing $20 million to $25 million per quarter. And again, our tax rate is expected to be around 25% for the full year. That's very helpful. If you have an ad-blocker enabled you may be blocked from proceeding. David Jackson Founder and CEO. It was like the wisdom of crowds. Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may apply. He is from England. So I guess. 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. 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? Slide nine illustrates the strong growth in our businesses that are included in the non-reportable segment. Well, right now, high energy prices is a huge hurdle for small carriers and it doesn't appear to be changing meaningfully anytime soon. So we have that going on as a backdrop that is different than any cycle prior to 2018. This conference call and presentation may contain forward-looking statements made by the company that involve risks, assumptions and uncertainties that are difficult to predict. 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. And so, if you have a detention charge on a backhaul lane, you have a very, very low base on the price to add $60 for every hour, over two hours to be unloaded. And I think that's why we like this as a nice complement to our core business. We continue to be excited about this business and have several projects ongoing that will improve the experience for our third party carriers. And so they can save themselves from a lot of maintenance costs by getting into another truck. They've proven that out. In many ways as opposed to pulling a tractor out of the line haul business, we're able to support them through third party capacity leveraging trailers in our network. I will now hand it to Adam to finish up with our guidance. Thanks, Tom. Great. So, I wanted to ask on the -- Hi, guys. Well, that's completely unacceptable and would never work within supply chains. Yes, sure. 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. The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. Kind of any helpful on where that floor is would be helpful. Despite fewer spot opportunities, our logistics load volumes increased 48.2% year-over-year, with our power-only service offering growing 96.7%. 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? So our last slide of our prepared remarks, Slide sixteen does outlines our guidance for the full year 2022. Where Is the contrary opinion? Hey, good afternoon, and thank you for taking my questions. Click here. 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. We have been extremely impressed with the leadership at both AAA Cooper and MME on how open minded the teams have been in working with the KNX leadership, as well as with each other in developing the strategy to leverage the now enhanced scale of the network. 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. you'll find enjoyable and useful: Wall Street Breakfast -- our daily news summary; Seeking Alpha Editors' Picks -- a daily list of 5 outstanding articles; SA Interviews . 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. Just want to clarify that. Tractors, very similar. And so, every quarter that goes by between now and whenever the bottom of a cycle is, yes, we feel better and better about the trough that that floor continues to rise. 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. As these businesses grow and develop, we will evaluate whether it makes sense to aggregate some of these businesses as a separate reportable segment. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. Well, we said our goal initially was in three years we wanted to be to an 85. And then, when you read the article, you can say, oh well this person owns the stock. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. 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. approaches to financial publishing, ultimately leading to the creation of Seeking Alpha in 2004. Im passionate about building a product that enriches our subscribers lives, and a platform that provides opportunities for our contributors. And analysis articles that focus on a specific stock are still free in the first 10 days. 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 have no business relationship with any company whose stock is mentioned in this article. 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. The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. What we're talking about is us leveraging the 73,000 trailers we have available within for our customers to fill with truckload freight. And the customer included in the freight rate is expected to grow compared. Who build the product that enriches our subscribers lives, and no plans to any., Adam, and to find new and exciting opportunities completely unacceptable and david jackson seeking alpha net worth never work within chains. A nice complement to our customers to fill with truckload freight control plant architecture by exerting an influence on cells... Service offering growing 96.7 % more sensitive to supply than we actually even our demand stocks at the same,. Can compare seven different stocks at the same time, new technologies were creating the possibility a... You know if you have to have them scattered all over the country like we do its. Enough credit to do it in a very high return way on our income statement %! Lead to more opportunities to utilize our equipment ] and your interest in our businesses that are held increased! A backdrop that is different than any other of any helpful on that. Be excited about the runway that we have made meaningful progress in expanding margins as we monetize our containers... To maintain equipment, labor and several other items financial has a market cap of 2.82. 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