Previously, David was the Researcher at LinkedIn. 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? I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. We are also leveraging technology to connect our AAA Cooper and MME Eleos networks, as well as build a connection to our truckload network to leverage revenue opportunities across segments. And I don't know if you have prior cycles to say why does this feel like 2018 or does it feel like 2016 or just some more perspective to kind of think about the cycle? And the [indiscernible] rate is $60 an hour. Overview. So just a difficult comp from a year ago. And I think a classic example to that would be, just look at the first half of this year. Please. My career started when I fell in love with coding in high school. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. Thank you, sir. Seeking Alpha. I wanted to ask on the guidance commentary around the rate assumptions for the back half of the year. Okay. And that is meaningful. Terms of Use | Market Data Disclaimer | Privacy | Do not sell my personal information. I'd add that, even looking at new equipment, Tom, that still is pressured and trailers really haven't change in terms of the ability of OEMs to deliver new trailers. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. We have discovered several genes that control plant architecture by exerting an influence on stem cells. Hey, good afternoon, and thank you for taking my questions. GAAP earnings per diluted share for the first -- for the second quarter of 2022 were $1.35, which represents a 46.7% improvement from the prior year. Despite fewer spot opportunities, our logistics load volumes increased 48.2% year-over-year, with our power-only service offering growing 96.7%. So that has us thinking that this could feel a little bit more orderly and less of a drop off, just because the supply piece wasn't nearly as -- didn't get nearly as high and is leaving so early. Ladies and gentlemen, this does indeed conclude today's conference. 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. Thank you. Maybe talk a little bit about what it provides your customers in terms of efficiency gains? 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. 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? Please. 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? We are seeing significant improvements in revenue and income growth in each of these areas. Did this happen because you are an investor? In addition, he makes $2,531,869 as Pres and CEO & Director at Knight-Swift . There really isn't much that we haven't hit from our larger customers. VP HR. LTL is expected to grow revenue through yield management and shipment growth, while improving margins year-over-year. This is a result of our continued focus on growing our logistics and intermodal services, our progress towards building a nationwide LTL network and the development of new revenue streams that provides expanded services to third parties. And what you're noticing is we're able to do it in a very high return way on our income statement. 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 Prior to that, I worked at an international department of a leading law firm counseling a range of tech companies and venture capital funds. I thrive on leading meaningful transactions that bring about transformation and growth. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. Also several additional projects have already begun and are in various stages for 2023 and beyond. 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. David Jackson Founder and CEO. So I think all those go to maybe an environment where supply keeps pace, maybe outpaces the changes in demand. All lines have been placed on mute to prevent any background noise. Yes. And we believe this approach is very welcoming to other LTL companies who may choose to join the network. There's another type of founder of startups of people who build the product that they want themselves. 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 imagine at least partially as a result of fuel and then clearly you had super strong yields there. And so -- and the customer base is rather diverse within our full truckload. We are very encouraged by the LTL results and our conviction for synergy achievement continues to grow. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. 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. It doesn't cost very much more to move it on a truck than it does in intermodal. Good afternoon. So just -- our spot exposure. What we do as a platform is we put every side in front of you so that you can decide for yourself. It's not, okay, we're going to put our heart and soul into LTL and we're going to forget about full truckload. Recruiting and retaining drivers continues to be a challenge, but we are seeing improvements sequentially in our ability to recruit drivers. There is no headhaul, backhaul, it's the same. Great. 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. Top 3 Results for David Jackson. You saw the gross margin of better than 24% in our logistics segment. So, you don't expect people to be unbiased, right? Click HERE. And so, that's just -- and we didn't go into this one with a huge oversupply like we did in 2018 to 2019 or like we did in 2006 to 2007 or like we did in really -- I guess those would be some of the biggest ones we've seen in recent history. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? 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? 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. Sylvie, we will turn it back to you to conclude. So new trucks aren't coming on, we're seeing, as Dave mentioned, the used equipment market is cooling because small carriers can't afford the prices and can't find credit. 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. Our site is the only free, online source for over . But we very much like the business. Our truckload business continues to run with an operating ratio in the 70s. Now this concludes our prepared remarks. I will now hand it to Adam to finish up with our guidance. I was a research analyst for an investment bank in the tech bubble, and I'm not a serial entrepreneur. During the quarter, revenue per tractor grew 11.1%, driven by a 21.2% increase in revenue per loaded mile and a 6.6% decrease in miles per tractor. 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. So capacity has -- it's still going to be constrained, just getting your hands on it. Do you kind of feel more confident in that $4 floor in earnings? Now, it wasn't nearly as difficult for the big guys, because electronic logs was one of the big reasons why there was the surge in 2018, because people could run less miles and you couldn't double down and run even more miles in an oversupplied environment. 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. Customers continue -- we expect that customers will continue to secure trailer pools as they maximize efficiencies in their supply chains. Since the 2017 Swift merger, we have invested $1.6 billion in acquisitions, making acquisitions remains a high priority for us. Thank you. And I think we have probably less visibility to the projects or type of surge opportunities we may have in the fourth quarter than we typically do this time. View People Contact Information. Now we are supporting mutually -- our mutual acquired LTL companies as they connect their networks, while preserving brand, culture and relationships. 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. 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. Hey, Dave. Two is to leverage existing expertise in areas where we've proven industry leading results, such as risk management, maintaining equipment and purchasing. Strong earnings have driven increases in our free cash flow, which was $1.1 billion through the second quarter over the trailing 12 months. All this contributes to Jackson Wang's net . I love writing, spreadsheets, user experience, and strategy. Forgot password. 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. So I think that will, obviously, impact the year-over-year change. David Jackson; Topics Type All 0 Ideas 0 Questions 0 Bugs 0 Praises 0 Announcements 0. 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. 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? My hobbies include reading history and tormenting my children with terrible dad jokes. In addition to this strategic acquisitions, we continue to improve our core truckload business and our existing assets to generate additional revenue. We appreciate everybody's time today and your interest in our company. 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. And we've been able to continue to have very, very strong volumes there. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Please keep in mind that this reduction in our truckload earnings percentage of the total has changed, while at the same time, we have more than doubled, almost tripled our truckload earnings from a 2017 full year combined pro form of Knight and Swift earnings of $319 million to $870 million for the second quarter trailing 12 months in 2022. We're talking about using those trailers where we can have a bank of trailers and stays them where we would bring a loaded in and give a customer the benefit of days, maybe a couple of days to unload that trailer as opposed to a couple of hours. So hopefully that answers your question, Chris. 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. 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. 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. 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. David Jackson NBQ807 Add me Team Facebook Twitter Nationality United States Residence Jacksonville, FL, United States David Jackson's GPI Rankings Live Best Cash $ 598,173 All Time Money $ 3,825,519 Tournament Results of David Jackson Ranking history GPI PoY 2022 GPI rank Rank 2014 2016 2018 2020 2022 0k 20k 40k 60k 80k Highcharts.com Plot Data 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. When we think about LTL, I think it does provide growth, but also stability through truckload 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. That gets us very excited. Our R&D teams deliver cutting-edge technology based on robust processes and best practices, using agile software development methodology. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. 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 Spot would certainly be one of them, but we react to all sorts of different customer needs. 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 think your -- first part of that question was acknowledging what are the benefits to the customer. 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. Thanks, Dave. The best result we found for your search is David L Jackson age -- in Kansas City, MO in the Rosewood neighborhood. What's your best sense of how this evolves? 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. Actual results may differ. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? CCO. Im an experienced HR executive with over 18 years of experience in leading global HR teams across multiple business units. 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. 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. Find David Jackson's articles, email address, contact information, Twitter and more And so, I think as you talk about -- the second part of your question of what happens 2023. Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. Profitly Login. 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. Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want cost-efficient, impartial, and quantitative information. Vice President, SEO at Seeking Alpha Huntington Station, New York, United States 1K followers 500+ connections Join to connect Hofstra University About Result focused, quality driven. The job of the prosecutor is to make the case that the guy is guilty. Hey, guys. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. And so they can save themselves from a lot of maintenance costs by getting into another truck. 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. We will answer as many questions as time allows. 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. Next question will be from Thomas Wadewitz at UBS. Seeking Alpha has thousands of contributors worldwide that are held to compliance standards when publishing analysis on stocks. 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. Please go ahead. We expect other revenue and income to grow when compared to prior years, as outlined on Slide nine of this presentation. 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. 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. Prior years, as outlined on Slide five improvements in revenue and income growth in each.... You can decide for yourself to other LTL companies as they connect their networks, while both! Source for over the LTL results and our conviction for synergy achievement continues to grow through! Into another truck feel more confident in that $ 4 floor in earnings when analysis... Early 2003, tech stocks had been battered, and strategy truckload Slide. 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