Top 3 Results for David Jackson. Hey, guys. And I think a classic example to that would be, just look at the first half of this year. You have a jury who listens to both sides of the case, always. 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. Karen Weissberg. 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. I have no business relationship with any company whose stock is mentioned in this article. 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. 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. Well, virtually every one of those factors is not the same and is different this go around. 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. Or, is short the stock, and that's fine. 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. The job of the defendant is to make the case that their person is innocent. 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. I get that. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? 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. and industry experts (buy side) rather than sell side. And a case could be made with the kind of the mismatched inventories in many cases that are out there, the lack of warehouse space, the tremendous need for trailers that going into this cycle, there's probably even more value on the nationwide trailer network. If I compare that to last year this time will probably be 20% to 25%. I love writing, spreadsheets, user experience, and strategy. All lines have been placed on mute to prevent any background noise. 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? If you have an ad-blocker enabled you may be blocked from proceeding. We are seeing strong demand from our customers to secure trailer pool capacity through our truckload and logistics segments. So, I wanted to ask on the -- Hi, guys. We also expect inflationary pressure on driver related cost, equipment costs, cost to maintain equipment, labor and several other items. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. 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. Our stock coverage is wider and deeper than any other. This makes the plan $39 for the first year, instead of the normal $239. 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. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? Feb. 18, 2014 -- Investment research website and blogging forum Seeking Alpha is in hot water after an anonymous blogger revealed that billionaire David Einhorn was secretly buying up shares in a tech company. David Ganek: Delivering Alpha Unfiltered. I joined Seeking Alpha in June 2021. And so, there's all kinds of cost savings. 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 The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. I focus on accelerating growth through a mix of strategy, developing and managing enterprise partnerships, and corporate development. But I personally am deeply involved in our product because I use it. Two is to leverage existing expertise in areas where we've proven industry leading results, such as risk management, maintaining equipment and purchasing. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. So that would constrain supply. There isn't warehousing in between. This has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity year over year. I was promoted to VP Product in 2020, and I now lead all the product and UX initiatives. But we're excited about the runway that we have there. We have pulled some of these containers back into our operations and will continue to do so in 2023. 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. Yes. We continue to maintain separate brands, while working towards connecting these networks. But even at $60 an hour after two hours. Seeking Alpha began in 2004 and has its headquarters in New York. And that has come off, probably off 25% or even maybe a little bit more. 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. And that process is well underway already. We've got 200 employees, and thousands of contributors. Let's look at what you get for your money in our Seeking Alpha review. Please go ahead. 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? These increases in revenue and earnings is from our overall strategy to develop essential services for third party carriers. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. We expect that demand may moderate as the consumer digests and deals with higher inflation and uncertainty in the economy. Status All 0 Opened Unmarked 0 Active 0 Under review . The customer included in the freight rate is two hours to unload that trailer. 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. 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'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. Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. Price: 4.5/5 (Seeking Alpha Premium costs $19.99/month when billed annually, but you can get it for 50% off with . While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. 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. This may result in rates turning negative year-over-year late in the third quarter and continuing into the fourth quarter. 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. 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. I would also point out that I think maybe it's unfair that we've been painted with a broad stroke that all were truckload and we've great lengths to try and point out the differences that we have, these aren't superficial, these are legitimate earnings streams. 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? It's not, okay, we're going to put our heart and soul into LTL and we're going to forget about full truckload. Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. 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. The enterprise value currently is $1.9 billion, which is a by-product of the significant. 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. Thank you, Adam, and good afternoon, everybody. That's very helpful. 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. I have a BA in Behavioral Science from the University of Ben Gurion and an MBA. 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. Actual results may differ materially from these estimates. Avishag Baruch. 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. Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. 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. And let them evaluate it, and let them choose for themselves. Please. Forgot password. I also love doing and achieving this by working cross functionally internally across a company. These factors contributed to a 39.2% increase in revenue per load, partially offset by a 17.2% decrease in load count. The platform uses crowdsourced ideas from a global pool of investors. Since the 2017 Swift merger, we have invested $1.6 billion in acquisitions, making acquisitions remains a high priority for us. 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. I previously served as a Controller at Nice Ltd., a publicly traded company that provides cloud platforms for AI-driven business solutions. Book reviews moved to Amazon, right? I mean we've essentially gone through the bid cycle. 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. Good afternoon. And your next question will be from Bert Subin at Stifel. That's their job to be biased. I think some of them, some of our larger more strategic customers, they've already communicated they'll have -- they expect to have some need. I thrive on leading meaningful transactions that bring about transformation and growth. Well, detention charges, they don't care. 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. 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. Yes. He left in early 2003 to manage money (long/short) and explore new. That's where the most value is created in the supply chain. I'm very excited to show it to you, and give it to you right, right? The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. Tractors, very similar. Username or Email. The following text is a transcript for our readers who would like to follow along: (Parts of this transcript may have been altered for readability.). Yes, sure. Seeking Alpha is . Speakers from today's call will be Dave Jackson, President and CEO; and Adam Miller, CFO. 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? 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. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. And I think that's why we like this as a nice complement to our core business. David Jackson launched it as a way to offer all investors access to very valuable content, from stocks, mutual funds, and ETFs to cryptocurrencies and commodities. A subscription to Seeking Alpha Premium unlocks thousands of research reports on nearly every stock you may be interested in, making it a unique and invaluable research tool. Here it is. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. 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. Thank you very much for the time guys. On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. 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. Kind of any helpful on where that floor is would be helpful. Gross margin also expanded to 24.4% in the quarter, compared to 15.7% last year, leading to an 82.2% adjusted operating ratio. Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. 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. 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. They don't know what it is yet. 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. We appreciate everybody's time today and your interest in our company. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. And I can say you know, I just want to see the bearish and the very bearish articles on the stock. 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. Europe, Menlo Park, China), Alternate or previous names for the individual, Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Number of news articles that reference the Person, London School of Economics and Political Science, M&G European Property Fund embarks on EUR85m French residential project, Billionaires battle for Tribune Publishing, California man guilty of killing 4 in race-related rampage, Texas-Based Choice Homecare Acquires Houston-Based Nextgen Hospice, Kori Muhammad trial: Jury reaches verdict for mass shooter who killed four, Means TV: inside the leftist, worker-owned streaming service, 'Time runs out' for brave boy with tumour so aggressive that chemo won't work. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. You know, there are many startup founders who are just incredible people who say okay, where's a really big market ready for disruption? Premium Portfolio Please again keep it to one question. consolidated second quarter revenue and earnings results on a year-over-year basis. So capacity has -- it's still going to be constrained, just getting your hands on it. At the same time, new technologies were creating the possibility of a different approach to equity research, based on crowdsourcing and community. 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. In fact, the earnings are phenomenal there. Customers continue -- we expect that customers will continue to secure trailer pools as they maximize efficiencies in their supply chains. 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