And our net cash CapEx for the full year is expected to be in the range of $550 million to $600 million, which is unchanged from the previous quarter. The larger carriers, we have been moving towards trailer pools for many years, because it makes us more efficient. I love writing, spreadsheets, user experience, and strategy. We are seeing strong demand from our customers to secure trailer pool capacity through our truckload and logistics segments. 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. I focus on accelerating growth through a mix of strategy, developing and managing enterprise partnerships, and corporate development. And then really leveraging dedicated surge and leveraging power-only to help our dedicated business when we have customers who surge beyond the capacity we've committed to them. We want people who own stocks to write articles explaining why they own the stock. 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? My hobbies include reading history and tormenting my children with terrible dad jokes. If I compare that to last year this time will probably be 20% to 25%. We are encouraged by the significant contributions from each of our segments. He earned the money being a professional Saxophonist. Peter Way Associates: Provides investment professionals with forward-looking, market-derived Risk:Reward tradeoff assessments for widely held and actively traded common stocks and ETFs.Ryan. We have three primary objectives in these carrier services. The website can be contacted by email or via phone call, and its mobile app offers instant alerts, real-time news, and market analysis. 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. You saw the gross margin of better than 24% in our logistics segment. Would you care to kind of update that view here? Thanks, Dave. 3. For the quarter, revenue excluding fuel surcharge was $224 million and the adjusted operating income was $47.8 million. And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. Hey, guys. Accessibility: 4/5. Seeking Alpha is another excellent premium subscription service. This makes the plan $39 for the first year, instead of the normal $239. Actual results may differ materially from these estimates. If you have an ad-blocker enabled you may be blocked from proceeding. Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. 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. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. We are constantly evaluating market conditions to maximize our use of cash to create value for our shareholders. Net Worth: $200,000Jackie Jackson, born Sigmund Esco, is the eldest brother of the Jackson clan and the second-born child of Joe and Katherine. Our adjusted earnings per share came in at $1.41. Seeking Alpha has thousands of contributors worldwide that are held. And what I realized was, it's going to be incredibly valuable to aggregate this and to filter it, because there's lots of risk for manipulation. 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. 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. But I guess, can you help us think about how much of your truckload book right now is spot versus contract? On a year-over-year basis, our truckload revenue excluding fuel surcharge grew 11%, while our operating income grew over 22%. 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. 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. 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. Actual results may differ. Slide 12 illustrates the trend of return on net tangible assets. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We continue to invest in our already industry leading trailer network, which grew sequentially by 1,700 trailers to just over 73,000 trailers. And in fact they have lower risk than the full truckload irregular route business has. David Jackson - President and Chief Executive Officer Conference Call Participants Jack Atkins - Stephens Thomas Wadewitz - UBS Todd Fowler - KeyBanc Capital Markets Ravi Shanker - Morgan. I will now hand it to Adam to finish up with our guidance. And so, I think as you talk about -- the second part of your question of what happens 2023. Not to speak about just the economics of how it works for a small carrier. Maybe talk a little bit about what it provides your customers in terms of efficiency gains? And so -- and that has been effective in every single cycle since 1980. And so, small trucking companies, it was a huge boom to them even though a lot of the country was shut down due to COVID, they had this huge lifeline that kept them along. We have discovered several genes that control plant architecture by exerting an influence on stem cells. I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. Thank you, Sylvie. Im now Seeking Alphas Chief Technology Officer. 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. Half the team is in Israel and half in Ukraine. Password. I think you alluded to this notion that power-only is really spot only -- spot businesses. We have invested in technology that allows us to efficiently leverage our assets throughout multiple segments, including truckload, logistics and LTL. He left in early 2003 to manage money (long/short) and explore new. Your next question will be from Todd Fowler at KeyBanc Capital Markets. (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. I'm going to start a company there and they do it over and over again, right? VP HR. 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. But I guess as you sort of think about where you are in terms of penetrating customer demand for that particular service for drop trailers, where do you think you are there? I bring over 14 years of finance experience to Seeking Alpha, in shaping and leading finance operations and teams. Of course, they're biased! And Adam, I understand your comment that it's mostly difficult compares. . We anticipate that sourcing and retaining drivers will continue as it has been -- continue to improve as we have seen thus far as it has been particularly challenging for small carriers and we are seeing signs of drivers looking for new opportunities. I 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. Thank you, Adam, and good afternoon, everybody. And that is meaningful. We expect load volume to increase and margins to remain double digits in the back half of the year. For the quarter, we had a 91.8% increase in revenue and a 615% increase in operating income. 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. This has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity year over year. Select this result to view David L Jackson's phone number, address, and more. 2Q is an excellent quarter for LTL. We believe our scale in trailers is a competitive advantage and provides our customers capabilities that are extremely difficult to replicate. So what you're seeing is, you're seeing us tap into operating leverage that we have, that we uniquely have, because we're more than twice the size of the next closest in terms of trailer fleet. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. 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. 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. The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. We appreciate everybody's time today and your interest in our company. 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. Whether they're bullish or bearish. Look at how our businesses perform relative to kind of what it's been like for the smaller carriers in the broader irregular route market, particularly those that were overly reliant on spot business. 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. Thank you. Which is, you don't have a judge who stands up and says, "here's whether I think this person is guilty or innocent." We expect the moderating spot market to provide less non contract opportunities during the second half of the year. David is related to Sara L Jackson . And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. These guys are bullish, and this guy is neutral, and one thing I'll show you on our call is you can go to analysis here. When I started Seeking Alpha it was, we gotta get you all the assets. But I think sequentially we'd expect rates to be stable. We continue to be excited about this business and have several projects ongoing that will improve the experience for our third party carriers. In addition to this strategic acquisitions, we continue to improve our core truckload business and our existing assets to generate additional revenue. So I think that will, obviously, impact the year-over-year change. 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. David Jackson Chief Executive Officer at Seeking Alpha David Jackson is the Chief Executive Officer at Seeking Alpha based in New York, New York. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. These estimates represent management's best estimates based on current information available. Seeking Alpha fut fonde en 2004 par David Jackson. Might be back.might not. He is from England. 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. Many of these services are branded under our brand of Iron Truck Services. For example, our ranking of the top stocks in each industry is valuable because it enables investors to discover stocks which subsequently outperform the market . And so that type of business clearly requires a significant capital investment. For example, we now have over 6,000 trailers in our leasing program. Slide nine illustrates the strong growth in our businesses that are included in the non-reportable segment. 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. Following our commentary, we will answer as many questions as possible. Thanks, Tom. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. Or, is short the stock, and that's fine. 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. I thrive on leading meaningful transactions that bring about transformation and growth. 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. I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. And let them evaluate it, and let them choose for themselves. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. Recruiting and retaining drivers continues to be a challenge, but we are seeing improvements sequentially in our ability to recruit drivers. 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. I appreciate that. This is a result of a more difficult comparison rather than rates meaningfully declining sequentially. 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? Across all of our brands, we have a tremendous team of drivers, shop technicians and office personnel. 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. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? Please. You have a jury who listens to both sides of the case, always. 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 started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. Thank you very much for the time guys. 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. We've got 200 employees, and thousands of contributors. Status All 0 Opened Unmarked 0 Active 0 Under review . We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. I am passionate about building and scaling businesses. David Jackson's Net Worth: $1-5 Million Age, Height & Body Measurements David Jackson current age 72 years old. Now on to Slide six. CTO & COO. And again, it's one question per participant. Okay. And then also not looking for guidance, but any thoughts on how contract rates will progress into 2023, just given where the spot market is right now? I am not receiving compensation for it (other than from Seeking Alpha). But we very much like the business. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. I have a BA in Behavioral Science from the University of Ben Gurion and an MBA. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. I live in New York City with my wife and daughter and have many outside passions including classical music, collecting photography, adventure travel and playing numerous sports. You don't know how reliable somebody is. Yeah. 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. Our stock coverage is wider and deeper than any other. Log In. David Jackson. 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. So still well above where normally we were, but there has been a huge falloff in buyers and people are willing to do that. That gets us very excited. Our truckload business continues to run with an operating ratio in the 70s. I understand articles are limited, but news announcements? 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 your next question will be from Bert Subin at Stifel. We expect tractor count to remain stable throughout the year with maybe a modest sequential improvement in the miles per tractor as we improve our seeded truck count. 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. Customers continue -- we expect that customers will continue to secure trailer pools as they maximize efficiencies in their supply chains. Daniel Hochman. We also expect inflationary pressure on driver related cost, equipment costs, cost to maintain equipment, labor and several other items. 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. Get contact information for Seeking Alpha and Seeking Alpha journalists by joining Muck Rack. All lines have been placed on mute to prevent any background noise. That's where the most value is created in the supply chain. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. Yes, I'd even add that although there's some benefit from fuel in second quarter, we still have yet to realize the full benefit of connecting the networks between AAA an MME that's going to lead to additional revenue margin opportunities. Abby Estikangi-Carmel . Please go ahead. 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. 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. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. 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. Once again, thank you for participating. Our R&D teams deliver cutting-edge technology based on robust processes and best practices, using agile software development methodology. Since the 2017 Swift merger, we have invested $1.6 billion in acquisitions, making acquisitions remains a high priority for us. My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. What's your best sense of how this evolves? That's very helpful. And when I think about rate sequentially, I think the one wildcard is what does the fourth quarter look like. And then we talk a lot about sort of trough earnings and what we think we can do and clearly the non-truckload pieces of business are performing. It is carefully vetted by in-house editors, then read and debated by millions of people. Now on to Slide seven. 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? So we'll try and do our best to answer that. But I personally am deeply involved in our product because I use it. These increases in revenue and earnings is from our overall strategy to develop essential services for third party carriers. Thanks. 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. As I've used it, I haven't seen that, and that's something I think you need to guide me through when we do this. 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 Please disable your ad-blocker and refresh. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. Our team continues to act with agility and move with the market. 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. Well, we said our goal initially was in three years we wanted to be to an 85. Over the years, we've demonstrated our ability to effectively acquire and improve truckload businesses. Adam, anything? Or is this just not the right way to think about at this time? Treat them as people making their own decisions, and the best way to help people to make their own decisions is to give them both sides of the argument. Dave and Adam, you guys have seen a lot of freight cycles, you have a lot of great perspective, not to mention all the information you see from your businesses. I guess I want to get your sense of how you think that sort of retracement on the contract side could look relative to previous cycles given everything that you said so far? We anticipate changes in the environment and pivot our strategies accordingly. 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. David Jackson; Topics Type All 0 Ideas 0 Questions 0 Bugs 0 Praises 0 Announcements 0. And clearly, it's been attractive to both parties on both sides, meaning, customer and small carriers. 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 wanted to ask on the -- Hi, guys. I joined Seeking Alpha in 2014. 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. 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. There really isn't much that we haven't hit from our larger customers. So, let me, just for fun now, I'm gonna screenshare. I left Morgan Stanley, and immediately started working on Seeking Alpha. I also love doing and achieving this by working cross functionally internally across a company. Previously, David was the Researcher at LinkedIn. Please go ahead. 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. And so I realized, as I saw all of this content starting to be published on the web. And just to clarify, we're saying $20 million to $25, we're not seeing $20 million to $25 million per quarter. And we've very much enjoyed working with our partners, the businesses there and they're doing a phenomenal job. To begin, we'll move you to Slide two, where I'll read the disclosure. Don't treat them as people who need to be told what to do. 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. Fabolous was born John David Jackson on November 18, 1977 and is of Dominican and African-American descent. 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. Paul Jelinek. Yes. 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. Just want to clarify that. While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) Seeking Alpha New Year's Sale - 83% OFF Seeking Alpha is running a massive 83% discount on their annual premium plan. Forgot password. Karen Weissberg. 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. Freight demand followed normal seasonal trends, but was generally strong throughout the quarter. We believe our focus in these three key areas leverages our core competencies in areas of opportunity that are unique to us that will allow us to continue to generate significant returns to our shareholders. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. Thanks, Ravi. As we make more commitments, we are seeing higher tender acceptance levels and fewer non contract opportunities.

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