Okay. View People Contact Information. And so, that being said, I would say that we've been pleasantly surprised at the magnitude of the synergies that are available in both a large TL that has a few advantages going forward with -- working with LTL. 2Q is an excellent quarter for LTL. Great. CCO. 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. 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. And so, all indicators are that supply is contracting already as we speak. Seeking Alpha is a crowd-sourced content service for financial markets. And so, there's all kinds of cost savings. Over the years, we've demonstrated our ability to effectively acquire and improve truckload businesses. Thank you, sir. Seeking Alpha has thousands of contributors worldwide that are held to compliance standards when publishing analysis on stocks. If I compare that to last year this time will probably be 20% to 25%. The nurturing of so-called community with free content and social media aspects built site participation and popularity. VP HR. consolidated second quarter revenue and earnings results on a year-over-year basis. And you saw a need, or did this happen as a result of, you are a techie. And so that type of business clearly requires a significant capital investment. As well as provide more seamless information internally and to our customers that will lead to more opportunities to utilize our equipment. Price: 4.5/5 (Seeking Alpha Premium costs $19.99/month when billed annually, but you can get it for 50% off with . 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. So that's a little bit of color there. The best result we found for your search is David L Jackson age -- in Kansas City, MO in the Rosewood neighborhood. We will get to one question per participant. I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. Previously, David was the Researcher at LinkedIn. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. Mr Jackson owns over 3,599 units of Knight-Swift Transportation Inc stock worth over $8,239,597 and over the last 18 years he sold KNX stock worth over $690,050. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. Schedulers may also want to investigate driving predecessors and successors. Knight-Swift Transportation Holdings Inc. (KNX). Well, we said our goal initially was in three years we wanted to be to an 85. 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. Working at Taboola reinforced my desire to continue doing what I love professionally but also if possible with an Israeli company. Well, that's completely unacceptable and would never work within supply chains. At the same time, new technologies were creating the possibility of a different approach to equity research, based on crowdsourcing and community. 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. I am not receiving compensation for it (other than from Seeking Alpha). Yes. We have committed volumes that run through power-only just with contracted rates, similar to how we would run most of our business on our truckload -- on the asset side. Actual results may differ. By using this site, you agree to the . 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 next few slides will discuss each segment's operating performance starting with truckload on Slide five. I imagine at least partially as a result of fuel and then clearly you had super strong yields there. 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. We have invested in technology that allows us to efficiently leverage our assets throughout multiple segments, including truckload, logistics and LTL. Or should we think about that as being perhaps a sub-85 OR in a good year, it's been perhaps higher 80s in a bad year? 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. Slide nine illustrates the strong growth in our businesses that are included in the non-reportable segment. 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. 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. Is Seeking Alpha Worth Subscribing To? This offer expires soon! And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. Password. But I think sequentially we'd expect rates to be stable. While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? 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? Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. And analysis articles that focus on a specific stock are still free in the first 10 days. Kind of any helpful on where that floor is would be helpful. And you've seen us do that with a good return. And most likely that will lead to an allocation of orders for next year. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Our logistics business was in the low 80s and our Intermodal business achieved double digit margins. Whether they're bullish or bearish. 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. Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. For the past 15 years I have been representing private and publicly traded international corporations across all industries. 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. 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. 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. So for example, you've got the electronic logs. Tractors, very similar. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. There really isn't much that we haven't hit from our larger customers. 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. 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. 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. Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. CTO & COO. We have pulled some of these containers back into our operations and will continue to do so in 2023. And then, when you read the article, you can say, oh well this person owns the stock. Profitly Login. Or, is it? 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. Overview. 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? The job of the prosecutor is to make the case that the guy is guilty. Since the 2017 Swift merger, we have invested $1.6 billion in acquisitions, making acquisitions remains a high priority for us. To begin, we'll move you to Slide two, where I'll read the disclosure. I believe that technology innovation by brilliant minds leads to awesome user experience. Maybe talk a little bit about what it provides your customers in terms of efficiency gains? Don't treat them as people who need to be told what to do. 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. Mr. Miller, the meeting is now yours. I will now hand it to Adam to finish up with our guidance. It is carefully vetted by in-house editors, then read and debated by millions of people. 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. I'm very excited to show it to you, and give it to you right, right? We are seeing significant improvements in revenue and income growth in each of these areas. And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. What Is Seeking Alpha. I previously served as a Controller at Nice Ltd., a publicly traded company that provides cloud platforms for AI-driven business solutions. DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) Technology has been a meaningful factor in how we've been able to not only significantly grow our logistics business, but do so while expanding margins. It was like the wisdom of crowds. Not to speak about just the economics of how it works for a small carrier. I mean, if you looked at our operating income, there's -- that's an operating income number that rivals the biggest market caps of anybody -- of full -- of companies moving full truckloads, whether that's over the rail or whether that's over the road in our transportation space. You don't know how reliable somebody is. 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. 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 So I guess. Thanks, Ravi. 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. Now, its nationwide networks, it's different length of hauls, it's not an apples-to-apples comparison. I left Morgan Stanley, and immediately started working on Seeking Alpha. What we do as a platform is we put every side in front of you so that you can decide for yourself. Thank you, Sylvie. David Jackson Founder and CEO. And good afternoon, everyone and thank you for joining our second quarter 2022 earnings call. Okay. You saw the gross margin of better than 24% in our logistics segment. 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. 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. Click on "link portfolio" to sync your brokerage account by using Plaid. What we're talking about is us leveraging the 73,000 trailers we have available within for our customers to fill with truckload freight. Seeking Alpha is another excellent premium subscription service. You know, there are many startup founders who are just incredible people who say okay, where's a really big market ready for disruption? 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. David Jackson's Analysis | Seeking Alpha Unlock your true investor potential with Seeking Alpha Premium today David Jackson Follow Contributor since 2003 5.17K Followers 164 Following. 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. 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? This guy is bearish on Facebook, right? What's your best sense of how this evolves? 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. My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. 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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. 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. Freight demand followed normal seasonal trends, but was generally strong throughout the quarter. Book reviews moved to Amazon, right? And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. 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? Hey, thanks guys. 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. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. So, now what we've done is, is we've tried to address the area where we do have a finite limit of capacity, which is we only have so many trucks and drivers. Good afternoon. Thank you. 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. Source . So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? 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. We expect load volume to increase and margins to remain double digits in the back half of the year. 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). There are thousands of contributors. I joined Seeking Alpha in 2014. And so -- and that has been effective in every single cycle since 1980. [Operator Instructions]. These factors contributed to a 39.2% increase in revenue per load, partially offset by a 17.2% decrease in load count. I wrote this article myself, and it expresses my own opinions. We love doing a regular route full truckload. Might be back.might not. These new and expanded services along with warehousing and equipment leasing have nearly quadrupled revenue and is on pace to generate $500 million of revenue this year with projected operating income of over $40 million, compared to a loss of $68 million in 2019. 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. And what that would have been like a year ago? 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. We do over for a backup where we contract with a customer where any type of freight that falls out just flows to our power-only business and we're able to support them there. Im married with 7 children and enjoy reading history and science. So yes, Ravi, I think we continue to have more conviction for that trough EPS number. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. 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. 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. Next question will be from Thomas Wadewitz at UBS. Founder and CEO. 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. Our expansive trailer network allows our customers the ability to optimize thorough our warehouse space and labor costs. Service 42. 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. Get contact information for Seeking Alpha and Seeking Alpha journalists by joining Muck Rack. Thanks. Small carriers absorb that. The customer included in the freight rate is two hours to unload that trailer. 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. Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want cost-efficient, impartial, and quantitative information. Seeking Alpha. 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. Year-to-date, we have used cash to increase our dividend to shareholders by 20%, repurchased $300 million worth of shares and paid down $86 million in long-term debt and leases. who is gary davies partner, carol leonnig wedding, icw racing rims lug nut key, pros and cons of scotland leaving the uk, my unemployment appeal was reversed when do i get paid, towing a trailer without a license plate in texas, cook county newspaper archives, 1964 thunderbird 390 engine specs, chris romano related to ray romano, games markiplier has played with bob and wade, ali g and me julie costume, inika loose mineral eye shadow, how to take care of a large mishima plant, la poubelle du ski longueuil, luton herald and post obituaries, And it expresses my own opinions them as people who need to be stable improve truckload businesses to continue what. Little bit about what it provides your customers in terms of efficiency gains earnings... 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