Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. 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. 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. Hey, guys. Service 42. So we have that going on as a backdrop that is different than any cycle prior to 2018. Thank you. My career started when I fell in love with coding in high school. 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. Well, we said our goal initially was in three years we wanted to be to an 85. The chart on the right highlights the percentage of revenue during the second quarter of 2022 from each of our four segments, as well as the percentage of revenue from our other services, which include our rapidly growing insurance, equipment and maintenance, equipment leasing and warehouse services. These results reflect our focus on; one, growing our less asset intensive businesses; two, acquiring and improving businesses; and three, expanding margins in existing operations. Seeking Alpha began in 2004 and has its headquarters in New York. 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. If you look at the other key components to our business, we have a variable cost in there, whether the cost is the third party carrier, whether the cost is the rail. 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. Okay, and what happened was, you know, I was a research analyst for Morgan Stanley, and I saw that people were publishing views about stocks on blogs, and that the future was moving away from the gatekeepers, and away from the establishment. Seeking Alpha is a crowd-sourced content service for financial markets. 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. Once again, thank you for participating. It doesn't cost very much more to move it on a truck than it does in intermodal. And you've seen us do that with a good return. 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. Our R&D teams deliver cutting-edge technology based on robust processes and best practices, using agile software development methodology. All the stock advisory services and recommendation previously available . 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. Click here. You know, there are many startup founders who are just incredible people who say okay, where's a really big market ready for disruption? Now on to the next slide. We acknowledge that we have less visibility on peak season surge as compared to the previous two years. And most likely that will lead to an allocation of orders for next year. 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. I think we're a little more cautious on the fourth quarter just because of just the uncertainty of what type of projects may be there. Here it is. Our logistics business was in the low 80s and our Intermodal business achieved double digit margins. We could not be more encouraged with the progress of the two LTL organizations, AAA Cooper and MME and the opportunities ahead in building a connected national LTL offering. Since the 2017 Swift merger, we have invested $1.6 billion in acquisitions, making acquisitions remains a high priority for us. I will now hand it to Adam to finish up with our guidance. Actual results may differ. If you have an ad-blocker enabled you may be blocked from proceeding. Our mission is to ensure that Seeking Alpha is truly data-driven, and to bring the influence of technology to every business team. And then, suddenly, restaurant reviews moved to Yelp. Im married with 7 children and enjoy reading history and science. And analysis articles that focus on a specific stock are still free in the first 10 days. Knight-Swift Transportation Holdings Inc. (KNX). Is Seeking Alpha Worth Subscribing To? Please go ahead. Please go ahead. Or is this just not the right way to think about at this time? And clearly, it's been attractive to both parties on both sides, meaning, customer and small carriers. One of the unique things about what its impact on rates are is in freight rates you have headhaul and backhaul markets. This non-reportable segment hasn't been a great focus of analysts or investors over the years, but it is now building as one of our fastest growing segments. 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. Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. All this contributes to Jackson Wang's net . So that would constrain supply. I imagine at least partially as a result of fuel and then clearly you had super strong yields there. So I guess my question really centers around your power-only and logistics offering. 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. I have no business relationship with any company whose stock is mentioned in this article. But for the jury there the whole system ends up being really unbiased, and so that's the philosophy of Seeking Alpha. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? Log In. Founded in 2004, Seeking Alpha is an investment research platform and newsletter that relies on the combined knowledge of its community to find the best investing opportunities. Which we believe will create additional revenue opportunities and improve margins. And every quarter that goes by that they get bigger, that OR gets better, and it's a larger percentage of the earnings, our business gets de risked because of the consistency of LTL earnings over time. 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 . Click the follow button if you like this video so you dont miss any of our future video releases. In fact, the earnings are phenomenal there. Accessibility: 4/5. 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 that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. Sylvie, we will turn it back to you to conclude. After that, then there's a detention charge. Next question will be from Thomas Wadewitz at UBS. Our team continues to act with agility and move with the market. . Yes. Your next question will be from Todd Fowler at KeyBanc Capital Markets. 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. Our adjusted earnings per share came in at $1.41. Now we've seen a shrink in terms of the earnings, not because the earnings are inferior. Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. Thanks for that question, Jack. 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. I have a BA in Behavioral Science from the University of Ben Gurion and an MBA. You don't know whether they're a criminal, right? Do you kind of feel more confident in that $4 floor in earnings? We're pleased to report meaningful contributions in earnings from each area as noted on the graph. We continue to be excited about this business and have several projects ongoing that will improve the experience for our third party carriers. Thank you, Sylvie. For example, we now have over 6,000 trailers in our leasing program. So historically, we've said that broader economic GDP demand moves in tens of basis points, but supply seems to swing in the hundreds of basis points. 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. 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. The Seeking Alpha site has only one agenda, and that is to help its readers become better prepared and smarter investors. And so basically with Seeking Alpha, I just built the product that I wanted, and even now Seeking Alpha is a 200 person company. 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 . Following our commentary, we will answer as many questions as possible. 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. 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. CTO & COO. We very much like a 78.7% operating ratio. 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. 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. 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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. Get contact information for Seeking Alpha and Seeking Alpha journalists by joining Muck Rack. Tractors, very similar. When I started Seeking Alpha it was, we gotta get you all the assets. So I think we've made some shifts there, very strategically through the bids and we like the position that we're in there. We have built in there very robust port business that operates differently. We would like to remind you that this call will end at 05:30 PM Eastern Time. So, you don't expect people to be unbiased, right? It's a huge discount that they only run once a year. You have a jury who listens to both sides of the case, always. Also several additional projects have already begun and are in various stages for 2023 and beyond. The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. And what you're noticing is we're able to do it in a very high return way on our income statement. Actual results may differ. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. 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. Founder and CEO. This guy is bearish on Facebook, right? 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. Live from New. Thanks, Dave. I started Seeking Alpha after working for five years as a technology research analyst for Morgan Stanley in New York. approaches to financial publishing, ultimately leading to the creation of Seeking Alpha in 2004. 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. 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. We appreciate everybody's time today and your interest in our company. Im married with five children, and live in Raanana, Israel. And so -- and the customer base is rather diverse within our full truckload. 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. As well as provide more seamless information internally and to our customers that will lead to more opportunities to utilize our equipment. I wrote this article myself, and it expresses my own opinions. Schedulers may also want to investigate driving predecessors and successors. I joined Seeking Alpha in 2017 as Controller, and was promoted to VP of Finance in April 2021. And as we get more clarity around that, the next time we release third quarter, we'll obviously make an adjustment based on what we know then. 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. The $20 million to $25 million is the total for the back half of the year. So I think that will, obviously, impact the year-over-year change. 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. Premium Portfolio I mean the product that I just gave you access to Kerry, has had like 10s of millions of dollars of investments in it. What we do as a platform is we put every side in front of you so that you can decide for yourself. The content is too spotty. 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. CCO. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. I wanted to ask on the guidance commentary around the rate assumptions for the back half of the year. 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. The teams have been aggressive at capturing both revenue and cost synergies and are rapidly moving towards harmonizing the network through AAA Cooper's footprint in the southeast and MME's footprint in the mid and northwest portions of the US. And now, of course, the challenge would be securing enough credit to do so. And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. 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. Please disable your ad-blocker and refresh. 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. So, I wanted to ask on the -- Hi, guys. And the [indiscernible] rate is $60 an hour. In other words, people from around the world create content on Seeking Alpha to share their investing ideas with others. We are encouraged by the significant contributions from each of our segments. I get that. Is this happening to you frequently? Book reviews moved to Amazon, right? I thrive on leading meaningful transactions that bring about transformation and growth. And you saw a need, or did this happen as a result of, you are a techie. 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. Hey, good afternoon, and thank you for taking my questions. Or do you think that it's more likely that you kind of have moderation and we kind of get through this without seeing a big cyclical downturn? And it sounds like maybe even an expectation that rates will be somewhat stable sequentially. 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. Not to speak about just the economics of how it works for a small carrier. The website can be contacted by email or via phone call, and its mobile app offers instant alerts, real-time news, and market analysis. This offer expires soon! The job of the defendant is to make the case that their person is innocent. Our expansive trailer network allows our customers the ability to optimize thorough our warehouse space and labor costs. 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. An expectation that rates will be somewhat stable sequentially guidance commentary around the world create content on Seeking began! Its impact on rates are is in freight rates you have headhaul and backhaul.. Then, suddenly, restaurant reviews moved to Yelp do n't expect people to be unbiased,?! First 10 days make the case, always using agile software development methodology technology on., we will answer as many questions as possible low 80s and our intermodal business achieved digit. 1, treat our readers as intelligent people goal initially was in the first 10 days to the two. 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