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And so they can save themselves from a lot of maintenance costs by getting into another truck. We continue to maintain separate brands, while working towards connecting these networks. [Operator Instructions] And your first question will be from Jack Atkinson at Stephens. Many of these services are branded under our brand of Iron Truck Services. Thanks, gents. 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. So I guess. What Is Seeking Alpha. Seeking Alpha is the dominant crowdsourced equity research platform, with thousands of contributors, and millions of registered users, monthly uniques, and email alert subscribers. I believe that technology innovation by brilliant minds leads to awesome user experience. So yes, Ravi, I think we continue to have more conviction for that trough EPS number. In the Dec. 31, 2020 announcement, David Jackson, founder and CEO, and Daniel Hochman, vice president of product, wrote that "more than 70,000+ investors have already subscribed to Premium and have unlimited access to all that Seeking Alpha Premium has to offer." [24] See also [ edit] Alpha (finance) Value Line Security analysis Securities research Im now Seeking Alphas Chief Technology Officer. Thank you. Well, right now, high energy prices is a huge hurdle for small carriers and it doesn't appear to be changing meaningfully anytime soon. David Ganek: Delivering Alpha Unfiltered. And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. Our customers save them money on paying detention or having to hire extra labor to be at the ready to stop and unload any truck that might roll in within two hours. Avishag Baruch. I think today we're probably down closer to the mid to low teens in terms of our exposure to the spot market. I am not receiving compensation for it (other than from Seeking Alpha). Well, we said our goal initially was in three years we wanted to be to an 85. Good afternoon. 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. Now this concludes our prepared remarks. Or is this just not the right way to think about at this time? Now on to Slide seven. There's many ways that we approach power-only with our customers. Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may apply. 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. My name is Sylvie, and I will be your conference operator today. Daniel Hochman. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. And let them evaluate it, and let them choose for themselves. 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. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. They don't know what it is yet. 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. And we have untapped leverage within the trailer pools than the whole trailer fleet that we have. 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. Karen Weissberg. And that has come off, probably off 25% or even maybe a little bit more. 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. And so, if you have a detention charge on a backhaul lane, you have a very, very low base on the price to add $60 for every hour, over two hours to be unloaded. 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. 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. The enterprise value currently is $1.9 billion, which is a by-product of the significant. 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. You saw the gross margin of better than 24% in our logistics segment. It's a huge discount that they only run once a year. 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. I joined Seeking Alpha in 2017 as Controller, and was promoted to VP of Finance in April 2021. 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. Do you see where I clicked in the navigation. . I joined Seeking Alpha in 2014. Click here. Now on Slide 13, we have our second half of 2022 outlook. . Thank you. No, that's just our employees. So I think we've made some shifts there, very strategically through the bids and we like the position that we're in there. 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 . Thank you very much for the time guys. 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 so -- and the customer base is rather diverse within our full truckload. 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? 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? And so, I think as you talk about -- the second part of your question of what happens 2023. Fabolous was born John David Jackson on November 18, 1977 and is of Dominican and African-American descent. Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want cost-efficient, impartial, and quantitative information. We believe our scale in trailers is a competitive advantage and provides our customers capabilities that are extremely difficult to replicate. Accessibility: 4/5. The loss reduced both the GAAP earnings per diluted share and the adjusted earnings per share by $0.16. Please. Capacity is clearly under pressure. Slide nine illustrates the strong growth in our businesses that are included in the non-reportable segment. 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? For the past 15 years I have been representing private and publicly traded international corporations across all industries. We expect the moderating spot market to provide less non contract opportunities during the second half of the year. Hey, guys. The intermodal results are included on Slide eight. 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? Treat them as people making their own decisions, and the best way to help people to make their own decisions is to give them both sides of the argument. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? View People Contact Information. But I think sequentially we'd expect rates to be stable. And so, we're transitioning in that space from also similar to the customer paying a big premium in spot, we're transitioning from paying very large premiums to bring power-only capacity into our network to paying what -- where the market rate is and relying on the efficiencies to attract. Please go ahead. As Dave mentioned, we expect to feel inflationary pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue. You have a jury who listens to both sides of the case, always. And then we talk a lot about sort of trough earnings and what we think we can do and clearly the non-truckload pieces of business are performing. Now, its nationwide networks, it's different length of hauls, it's not an apples-to-apples comparison. So just -- our spot exposure. Which Task has which predecessors and who is going to work on which Task. Hey, Dave. I need to understand how this happened. Our call is scheduled to go until 05:30 PM Eastern Time. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I am a qualified attorney in Israel and New York. We continue to be excited about this business and have several projects ongoing that will improve the experience for our third party carriers. 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. Sylvie, we will turn it back to you to conclude. And Adam, I understand your comment that it's mostly difficult compares. Thank you. We provide diverse opinions on each stock so that investors can weigh the bull and bear case and make an informed decision.Our news enables investors to understand why the market and the stocks in their portfolio are moving or are about to move. And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. Top 3 Results for David Jackson. Yes. Actual results may differ materially from these estimates. I appreciate that. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. We have slides to accompany this call that are posted on our investor website. Thank you, Sylvie. 2Q is an excellent quarter for LTL. And what you're noticing is we're able to do it in a very high return way on our income statement. But I personally am deeply involved in our product because I use it. The $20 million to $25 million is the total for the back half of the year. Service 42. Please. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I'm David Jackson, founder of Seeking Alpha. 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. The idea of providing investors with a level playing ground to share insights was as exciting then as it is now! Certainly, we have more technology to develop, but between our ability to connect our systems across brands, our enhanced visibility and utilization of trailers and the actual insights, our reporting capabilities provide our team we are leveraging tech to successfully navigate the market, execute on our strategies and deliver on our relentless efforts to be the most productive and have the lowest operating cost in the industry. I wrote this article myself, and it expresses my own opinions. So still well above where normally we were, but there has been a huge falloff in buyers and people are willing to do that. Next question will be from Ravi Shanker at Morgan Stanley. Seeking Alpha is . I started Seeking Alpha after working for five years as a technology research analyst for Morgan Stanley in New York. Just want to clarify that. Our mission: Power to Investors. Thank you, sir. I appreciate it. 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. That gets us very excited. Since the 2017 Swift merger, we have invested $1.6 billion in acquisitions, making acquisitions remains a high priority for us. 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. We are seeing strong demand from our customers to secure trailer pool capacity through our truckload and logistics segments. I mean, a lot of these LTL statistics are public. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? All this contributes to Jackson Wang's net . 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. Im married with 7 children and enjoy reading history and science. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. And clearly, it's been attractive to both parties on both sides, meaning, customer and small carriers. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers. Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. I will now hand it to Adam to finish up with our guidance. And so, very quickly with two extra hours to unload a trailer, you can find yourself with a 30% to 40% increase on many backhaul lane moves. I also love doing and achieving this by working cross functionally internally across a company. When AAA Cooper joined the KNX family last year, one of our stated goals was to improve the OR performance from the high 80s to the mid-80s over a three year period. Thank you, Adam, and good afternoon, everybody. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. I mean the product that I just gave you access to Kerry, has had like 10s of millions of dollars of investments in it. We anticipate changes in the environment and pivot our strategies accordingly. Not to speak about just the economics of how it works for a small carrier. And just to clarify, we're saying $20 million to $25, we're not seeing $20 million to $25 million per quarter. Seeking Alpha fut fonde en 2004 par David Jackson. There isn't warehousing in between. Well, that's completely unacceptable and would never work within supply chains. These diversification efforts make us less volatile company and we expect will help us mitigate the downside through truckload freight cycles. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. 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. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? 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. I wanted to ask on the guidance commentary around the rate assumptions for the back half of the year. David Jackson Founder and CEO. There's another type of founder of startups of people who build the product that they want themselves. Log In. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. And it's really because our customers are still uncertain. We expect other revenue and income to grow when compared to prior years, as outlined on Slide nine of this presentation. Our stock coverage is wider and deeper than any other. 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. 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. Password. Here it is. Working at Taboola reinforced my desire to continue doing what I love professionally but also if possible with an Israeli company. 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 In fact, the earnings are phenomenal there. Overview. Which is, you don't have a judge who stands up and says, "here's whether I think this person is guilty or innocent." And when I think about rate sequentially, I think the one wildcard is what does the fourth quarter look like. The job of the prosecutor is to make the case that the guy is guilty. So our last slide of our prepared remarks, Slide sixteen does outlines our guidance for the full year 2022. 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. Innovation by brilliant minds leads to awesome user experience to VP of Finance April. Worth of David a Jackson is at least $ 11.5 million dollars as of 31 may 2022 predecessors. The non-reportable segment the past 15 years i have been representing private and publicly traded international across. Ongoing that will continue deeper than any other myself, and good afternoon, everybody acquisitions making! 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