When you say 200 hundred people, is that all the writers? David Jackson Chief Executive Officer at Seeking Alpha David Jackson is the Chief Executive Officer at Seeking Alpha based in New York, New York. I appreciate it. But we're excited about the runway that we have there. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. Status All 0 Opened Unmarked 0 Active 0 Under review . And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. Seeking Alpha. Dave, you spent the majority of your comments kind of laying out why you believe that Knight is a very different company going into the downturn than it was in the past downturn. 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. Seeking Alpha has thousands of contributors worldwide that are held. 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. I imagine at least partially as a result of fuel and then clearly you had super strong yields there. Fabolous was born John David Jackson on November 18, 1977 and is of Dominican and African-American descent. We acknowledge that we have less visibility on peak season surge as compared to the previous two years. 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. 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. 2. And most likely that will lead to an allocation of orders for next year. So Chris, what we -- I think what we would say is, based on 2019 as our most recent example of a down cycle, we saw contract rates hold in there significantly better than broader rates, right? Just to make sure that when we refer to power-only, that's understood. 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. 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. And I think that's why we like this as a nice complement to our core business. 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. And let them evaluate it, and let them choose for themselves. Actual results may differ. So capacity has -- it's still going to be constrained, just getting your hands on it. Is this happening to you frequently? Karen Weissberg. He left in early 2003 to manage money (long/short) and explore new Jobs In addition to this strategic acquisitions, we continue to improve our core truckload business and our existing assets to generate additional revenue. There's many ways that we approach power-only with our customers. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. Here it is. 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. Fabolous est n John David Jackson le 18 novembre 1977 et est d'origines dominicaine et afro . 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. And then, when you read the article, you can say, oh well this person owns the stock. Yes, I would tell you that every quarter that goes by that we continue to see improvement in margins, improvement in revenue, it gives us more conviction for a higher and higher trough. 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. 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. Schedulers may also want to investigate driving predecessors and successors. 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. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. First is to introduce new profitable revenue streams with lots of growth runway that further diversify our company. Our logistics business was in the low 80s and our Intermodal business achieved double digit margins. I wanted to ask on the guidance commentary around the rate assumptions for the back half of the year. And so, we see huge growth opportunities there with what we're doing and partnering with power-only and continuing to execute the way that we have already done with that business. CTO & COO. If you've been thinking about getting it, there's no better time than right now. At this time, I would like to welcome everyone to the Knight-Swift Transportation Second Quarter 2022 Earnings Call. Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. 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? David Jackson's Net Worth: $1-5 Million Age, Height & Body Measurements David Jackson current age 72 years old. 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 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. I will now hand it to Adam to finish up with our guidance. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. No, that's just our employees. David Jackson, Seeking Alpha Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia. These estimates represent management's best estimates based on current information available. 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 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. And a lot of that had to do with the fact that the LTL network is so sophisticated, it takes so much upfront to set up and has so much stability once it is set up to carve OR points there feels more difficult than it is in an irregular route full truckload world. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. 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. Next question will be from Thomas Wadewitz at UBS. Hey, great. We expect load volume to increase and margins to remain double digits in the back half of the year. 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? Now we are supporting mutually -- our mutual acquired LTL companies as they connect their networks, while preserving brand, culture and relationships. I think that the growth in power-only loads this quarter really, I think, will help -- hopefully dispel some concerns that investors might have about that business at a more challenging freight market. 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. Do you think that we're kind of setting up for a fairly sharp fall-off in freight? 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. They don't know what it is yet. Top 3 Results for David Jackson. We would like to remind you that this call will end at 05:30 PM Eastern Time. Now this concludes our prepared remarks. Well, that's completely unacceptable and would never work within supply chains. I joined Seeking Alpha in June 2021. He earned the money being a professional Saxophonist. 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. I am not receiving compensation for it (other than from Seeking Alpha). And so, because it's so punitive and prior to the electronic log mandate just a few years ago, it was not enforced and carriers just absorb that. Thank you, sir. 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. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. We are constantly evaluating market conditions to maximize our use of cash to create value for our shareholders. Next question will be from Chris Wetherbee at Citi. (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. 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. I have no business relationship with any company whose stock is mentioned in this article. We are encouraged by the significant contributions from each of our segments. This has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity year over year. As Dave mentioned, we expect to feel inflationary pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue. And that process is well underway already. 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. So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. Recruiting and retaining drivers continues to be a challenge, but we are seeing improvements sequentially in our ability to recruit drivers. Thank you. Seeking Alpha is . Well, detention charges, they don't care. So just a difficult comp from a year ago. That gets us very excited. 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. The original concept for this platform was for it to be a place where knowledgeable investors could share their insights on investments and compare strategies. David Jackson, Seeking Alpha's founder, recently directed readers to an article titled "New Highs, New Lows, Yield Greed" by David Merkel that he felt was important, and that subsequently generated a lively comment thread. David Ganek is a man on a mission, a hedge funder who believes he was wronged by an overzealous prosecutor who raided his offices in 2010 and charged the . Sylvie, we will turn it back to you to conclude. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. And yes, there's some fuel surcharge benefit, but you've noted the fact that there was meaningful double digit yield improvement. 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 industry norms since electronic logs were mandated and enforcement began in early part of 2018 the industry standard is that you get two hours. It's because we have other businesses that have different exposure to -- different risk exposure to cycles. I was promoted to VP Product in 2020, and I now lead all the product and UX initiatives. The content is too spotty. So yes, Ravi, I think we continue to have more conviction for that trough EPS number. The platform uses crowdsourced ideas from a global pool of investors. So I think that will, obviously, impact the year-over-year change. Europe, Menlo Park, China), Alternate or previous names for the individual, Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Number of news articles that reference the Person, London School of Economics and Political Science, M&G European Property Fund embarks on EUR85m French residential project, Billionaires battle for Tribune Publishing, California man guilty of killing 4 in race-related rampage, Texas-Based Choice Homecare Acquires Houston-Based Nextgen Hospice, Kori Muhammad trial: Jury reaches verdict for mass shooter who killed four, Means TV: inside the leftist, worker-owned streaming service, 'Time runs out' for brave boy with tumour so aggressive that chemo won't work. Select this result to view David L Jackson's phone number, address, and more. 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. Hey, Adam. David Jackson Founder & CEO at Seeking Alpha About David Jackson is the founder of Seeking Alpha. [Operator Instructions]. 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. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers. When we think about LTL, I think it does provide growth, but also stability through truckload cycles. And what you're noticing is we're able to do it in a very high return way on our income statement. What Is Seeking Alpha. Start Your Seeking Alpha Premium Free Trial. Speakers from today's call will be Dave Jackson, President and CEO; and Adam Miller, CFO. And then, as you look out into 2023, do you think that that's a business line that can grow in terms of volume even in a much more challenging freight market if that's what we end up seeing? You saw the gross margin of better than 24% in our logistics segment. 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. This may result in rates turning negative year-over-year late in the third quarter and continuing into the fourth quarter. Yes. Did this happen because you are an investor? And that is meaningful. The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. These factors contributed to a 39.2% increase in revenue per load, partially offset by a 17.2% decrease in load count. Seeking Alpha is the world's largest investing community. Overview. And two LTL partners in different parts of the country beginning to work together. Let's look at what you get for your money in our Seeking Alpha review. Thank you. Hey, good afternoon, and thank you for taking my questions. You have to have meaningful scale of trailers and you have to have them scattered all over the country like we do. The intermodal results are included on Slide eight. Do you kind of feel more confident in that $4 floor in earnings? My career started when I fell in love with coding in high school. 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. As well as provide more seamless information internally and to our customers that will lead to more opportunities to utilize our equipment. We expect the moderating spot market to provide less non contract opportunities during the second half of the year. But we very much like the business. And so, I think as you talk about -- the second part of your question of what happens 2023. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. We have discovered several genes that control plant architecture by exerting an influence on stem cells. View People Contact Information. 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. So hopefully that answers your question, Chris. I believe that technology innovation by brilliant minds leads to awesome user experience. Next question will be from Ravi Shanker at Morgan Stanley. Or, is it? And so they can save themselves from a lot of maintenance costs by getting into another truck. 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. 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? Now on to Slide six. The larger carriers, we have been moving towards trailer pools for many years, because it makes us more efficient. This connection is encrypted and private since your credentials will never be made visible to Seeking Alpha. But boy oh boy, that's where we add the most value to our customers. 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. Log In. Im married with 7 children and enjoy reading history and science. Previously, David was the Researcher at LinkedIn. In fact, the earnings are phenomenal there. I get that. consolidated second quarter revenue and earnings results on a year-over-year basis. Seeking Alpha focuses on stock investing. This followed two years as Nices Revenue Accountant. We continue to invest in our already industry leading trailer network, which grew sequentially by 1,700 trailers to just over 73,000 trailers. Book reviews moved to Amazon, right? 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. 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. The stocks with STRONG BUY ratings from Seeking Alpha have increased 1,754% in comparison to the S&P 500%27s 385% increase over the past decade. Im passionate about building a product that enriches our subscribers lives, and a platform that provides opportunities for our contributors. But the good news for us is, we're not in an either/or. 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 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. I am passionate about building and scaling businesses. The job of the prosecutor is to make the case that the guy is guilty. 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. Seeking Alpha New Year's Sale - 83% OFF Seeking Alpha is running a massive 83% discount on their annual premium plan. Just want to clarify that. And good afternoon, everyone and thank you for joining our second quarter 2022 earnings call. I have a BA in Behavioral Science from the University of Ben Gurion and an MBA. And so that type of business clearly requires a significant capital investment. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. The Seeking Alpha Premium service portfolio linking feature allows you to connect your brokerage account with your Seeking Alpha account. Leads to awesome user experience when we refer to power-only, that 's why we like this a. 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