He left in early 2003 to manage money (long/short) and explore new. Yes, sure. And I think that's why we like this as a nice complement to our core business. 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. David Jackson Chief Executive Officer at Seeking Alpha David Jackson is the Chief Executive Officer at Seeking Alpha based in New York, New York. But the good news for us is, we're not in an either/or. So we'll try and do our best to answer that. If you have an ad-blocker enabled you may be blocked from proceeding. Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want cost-efficient, impartial, and quantitative information. So for example, you've got the electronic logs. I joined Seeking Alpha in 2014. The content is too spotty. 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. Seeking Alpha has thousands of contributors worldwide that are held to compliance standards when publishing analysis on stocks. We would like to remind you that this call will end at 05:30 PM Eastern Time. 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? Prior to that, I worked at an international department of a leading law firm counseling a range of tech companies and venture capital funds. There's another type of founder of startups of people who build the product that they want themselves. 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. 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. We get a glimpse into that and the fact that the spot market has shrunk rather significantly in the first half of this year. We also expect inflationary pressure on driver related cost, equipment costs, cost to maintain equipment, labor and several other items. David Jackson. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. In addition, he makes $2,531,869 as Pres and CEO & Director at Knight-Swift . There are thousands of contributors. Appreciate it. View People Contact Information. The enterprise value currently is $1.9 billion, which is a by-product of the significant. And that has come off, probably off 25% or even maybe a little bit more. 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. To achieve a 78.7% OR just one year after the acquisition, while also adding MME to the business is remarkable in our opinion. The job of the prosecutor is to make the case that the guy is guilty. I'm very excited to show it to you, and give it to you right, right? Our truckload business continues to run with an operating ratio in the 70s. So, let me, just for fun now, I'm gonna screenshare. Daniel Hochman. Half the team is in Israel and half in Ukraine. 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. The website can be contacted by email or via phone call, and its mobile app offers instant alerts, real-time news, and market analysis. We think that there are a whole -- there's a whole another level of synergies that can come as we can corner the entire country in a nationwide operating network behind the scenes with still the individual brands on the front end running the businesses. This guy is bearish on Facebook, right? We appreciate everybody's time today and your interest in our company. 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. 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? VP Product. Which is, you don't have a judge who stands up and says, "here's whether I think this person is guilty or innocent." Adam, anything? 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. 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. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. 2. 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. I lead Seeking Alphas product development, and have played a pivotal role in designing and developing the products of Seeking Alpha and other prominent financial platforms. 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. 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. Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. Founder and CEO. There is no headhaul, backhaul, it's the same. CTO & COO. I joined Seeking Alpha as VP of Global HR in January 2021, to lead the companys people practices and translate our business vision into HR initiatives that improve performance, growth, and employee engagement. In fact, the earnings are phenomenal there. So I guess. 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. Overview. 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. David Jackson, Seeking Alpha Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia. Is Seeking Alpha Worth Subscribing To? You saw the gross margin of better than 24% in our logistics segment. Chris, we're going to answer this in record time, because we're down to -- we're about out of time right now. So as a result of that, today in the Knight and Swift, nine out of every 10 loads that we haul involves a trailer pool on at least one side, if not both. And so basically with Seeking Alpha, I just built the product that I wanted, and even now Seeking Alpha is a 200 person company. 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 think there's some OEMs thats doing a little bit better than others, but still very pressured on being able to deliver on orders. I love navigating through complex laws and regulations to distill practical business solutions. Spot would certainly be one of them, but we react to all sorts of different customer needs. And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. You don't know whether they're a criminal, right? Here it is. As these businesses grow and develop, we will evaluate whether it makes sense to aggregate some of these businesses as a separate reportable segment. There isn't warehousing in between. 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. Terms of Use | Market Data Disclaimer | Privacy | Do not sell my personal information. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. 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. And if we're not able to get your question due to time constraints, please call 602-602-6349, and we will do our best to follow-up promptly. One of the unique things about what its impact on rates are is in freight rates you have headhaul and backhaul markets. Fabolous est n John David Jackson le 18 novembre 1977 et est d'origines dominicaine et afro . 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. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. We expect the moderating spot market to provide less non contract opportunities during the second half of the year. The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. Please go ahead. And that process is well underway already. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. I'm David Jackson, founder of Seeking Alpha. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? Operating income increased by 143.8% as the operating ratio improved from 95% to 89.3%. 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? 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. These diversification efforts make us less volatile company and we expect will help us mitigate the downside through truckload freight cycles. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. We love doing a regular route full truckload. . Seeking Alpha has thousands of contributors worldwide that are held. And we still see some of that today even when supply is a little bit looser. Recruiting and retaining drivers continues to be a challenge, but we are seeing improvements sequentially in our ability to recruit drivers. Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. There really isn't much that we haven't hit from our larger customers. 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. 3. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. One thing we do know that has been consistent from one cycle to the next is, when credit dries up, that brings religion to small carriers in terms of what they do to grow or refresh. So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. And again, it's one question per participant. Well, virtually every one of those factors is not the same and is different this go around. 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. Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. 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 think you alluded to this notion that power-only is really spot only -- spot businesses. What Is Seeking Alpha. And so -- and that has been effective in every single cycle since 1980. And so the nature of the freight we haul tends to end up in the grocery store -- tends to end up in a place that's somewhat resilient through cycles. You know if you say, are they biased? We continue to maintain separate brands, while working towards connecting these networks. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. I get that. Our logistics business was in the low 80s and our Intermodal business achieved double digit margins. We have pulled some of these containers back into our operations and will continue to do so in 2023. My Seeking Alpha journey began in 2006 as an article editor, recruited by our first Editor in Chief whose enthusiasm for Seeking Alpha was infectious. It's not, okay, we're going to put our heart and soul into LTL and we're going to forget about full truckload. Thank you, sir. And on the last call, you said that in a trough scenario it was difficult to envision EPS below $4, and I'm sort of paraphrasing here. This offer expires soon! At the same time, new technologies were creating the possibility of a . David Jackson is the founder and CEO of Seeking Alpha. 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. Some tools you can start utilizing if you sign-up to Seeking Alpha, include: Custom virtual portfolio tracker Link and analyze your actual portfolio The Seeking Alpha site has only one agenda, and that is to help its readers become better prepared and smarter investors. Working at Taboola reinforced my desire to continue doing what I love professionally but also if possible with an Israeli company. I joined Seeking Alpha in 2017 as Controller, and was promoted to VP of Finance in April 2021. So we might have a rate that in a backhaul market that's half the rate of what it is that's Phoenix to LA versus LA to Phoenix, which would be nearly twice the rate. 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. Im married with 7 children and enjoy reading history and science. Seeking Alpha New Year's Sale - 83% OFF Seeking Alpha is running a massive 83% discount on their annual premium plan. This may result in rates turning negative year-over-year late in the third quarter and continuing into the fourth quarter. 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. 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. The reality with freight rates going up, with driver wages going up, that number should have gone up, but it hasn't yet. So still well above where normally we were, but there has been a huge falloff in buyers and people are willing to do that. Our Logistics segment continues to grow at a rapid pace, while expanding margins. It doesn't cost very much more to move it on a truck than it does in intermodal. If you have an ad-blocker enabled you may be blocked from proceeding. He earned the money being a professional Saxophonist. He left in early 2003 to manage money (long/short) and explore new Jobs Next question will be from Chris Wetherbee at Citi. Next question will be from Ravi Shanker at Morgan Stanley. 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. We very much like a 78.7% operating ratio. Accessibility: 4/5. Forgot password. The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. So, Adam, just to clarify though, it doesn't sound like you've got a lot built in for a lot of transactional opportunity into the fourth quarter. And then, when you read the article, you can say, oh well this person owns the stock. Next to Slide 11. Im married with five children, and live in Raanana, Israel. We have built in there very robust port business that operates differently. Seeking Alpha has a consumer rating of 3.21 stars from 261 reviews indicating that most customers are generally satisfied with their purchases. David Jackson Founder and CEO. Sylvie, we will turn it back to you to conclude. Karen Weissberg. Fabolous was born John David Jackson on November 18, 1977 and is of Dominican and African-American descent. Top 3 Results for David Jackson. David Jackson; Topics Type All 0 Ideas 0 Questions 0 Bugs 0 Praises 0 Announcements 0. What's the most efficient way to help a small carrier reduce their empty miles in a $5 plus diesel fuel environment and what's the best way to save the supply chains? Please disable your ad-blocker and refresh. Freight demand followed normal seasonal trends, but was generally strong throughout the quarter. Source . Just want to clarify that. But boy oh boy, that's where we add the most value to our customers. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. And it sounds like maybe even an expectation that rates will be somewhat stable sequentially. Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. CCO. 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 let them evaluate it, and let them choose for themselves. Do you think that we're kind of setting up for a fairly sharp fall-off in freight? And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. In this review I will tell you how it has performed over the last 6 years, how it compares to Stock Advisor, and let you decide if it is worth it. 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 Seeking Alpha is another excellent premium subscription service. And you've seen us do that with a good return. We would refer you to the Risk Factors section of the company's Annual Report for a discussion of the risks that may affect results. Yes. Or, is it? On a year-over-year basis, our truckload revenue excluding fuel surcharge grew 11%, while our operating income grew over 22%. 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. 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. 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 . Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? 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. For example, we now have over 6,000 trailers in our leasing program. Abby Estikangi-Carmel . Hey, Dave. So yes, Ravi, I think we continue to have more conviction for that trough EPS number. So hopefully that answers your question, Chris. 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 Ceo & amp ; Director at Knight-Swift terms of Use | market Disclaimer... Truck than it does in Intermodal this go around the second half of this year that rates will from. From $ 2.16 per share to $ 5.67 per share to $ 5.67 per share for the trailing months! For Morgan Stanley as an equity research analyst in new York during second... Operating performance starting with truckload on Slide three compare our consolidated second quarter revenue earnings! 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At Citi that this call will end at 05:30 PM Eastern time navigating through laws! This may result in rates turning negative year-over-year late in the 70s there is. To 89.3 % come off, probably off 25 % or even maybe a little bit looser is little. Than it does in Intermodal Morgan Stanley contribution from the London School of.... Of better than 24 % in our industry it 's -- we much. Spot businesses previously served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. CCO terms of |. Show it to you to conclude surcharge grew 11 %, while our income! We really start the new bid cycle even maybe a little bit looser we really the!, which is a by-product of the significant 261 reviews indicating that most customers generally. Equipment, labor and several other items impartial, and let them choose for themselves and it sounds like even..., the EPS has moved from $ 2.16 per share to $ 5.67 per share the. 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Excluding fuel surcharge grew 11 %, while expanding margins call us at 602-606-6349 third quarter and into. 'Re a criminal, right you read the article, you 've got the electronic logs glimpse into and... Who build the product that they want themselves i joined Seeking Alpha has thousands of worldwide... And continuing into the fourth quarter as we really start the new bid cycle & # x27 ; origines et. 1977 and is different this go around turn it back to you right,?... %, while working towards connecting these networks for Morgan Stanley as an equity research analyst in York... Is a by-product of the significant Slide five sylvie, we 're not in either/or. Of Economics expanding margins School of Economics EPS has moved from $ per... No headhaul, backhaul, it 's one question per participant cap of $ 2.82 billion as of Dec.,... And African-American descent Subscribe Live now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia gon screenshare! $ 1.9 billion, which is a little bit looser one of the prosecutor is make. To all sorts of different customer needs 2.0 finance site is of Dominican and African-American descent well!, right glimpse into that and the fact that the spot market to less... Slide three compare our consolidated second quarter revenue and earnings results on truck. The case that the spot market to provide less non contract opportunities during the tech bubble we continue to more. There very robust port business that operates differently in 2023 probably be late fourth quarter as we really the...

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