Seeking Alpha is the world's largest investing community. 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. 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. 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. Username or Email. Paul Jelinek. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. Mr. Miller, the meeting is now yours. 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. 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? And the [indiscernible] rate is $60 an hour. 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. And in fact they have lower risk than the full truckload irregular route business has. Yes, sure. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. 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. Thanks, Dave. Click HERE. 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. So for example, you've got the electronic logs. Now we've seen a shrink in terms of the earnings, not because the earnings are inferior. So what you're seeing is, you're seeing us tap into operating leverage that we have, that we uniquely have, because we're more than twice the size of the next closest in terms of trailer fleet. Source . The chart on the left shows the percentage of adjusted operating income from each of our segments and our other non-reportable services since the Knight and Swift merger in 2017 through second quarter of 2022. 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. And we've been able to continue to have very, very strong volumes there. Labor challenges within the rail network appear to be softening, leading to improved notification times and more consistency for our customers. I think you alluded to this notion that power-only is really spot only -- spot businesses. 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. And I think a classic example to that would be, just look at the first half of this year. 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. Slide 12 illustrates the trend of return on net tangible assets. These new and expanded services along with warehousing and equipment leasing have nearly quadrupled revenue and is on pace to generate $500 million of revenue this year with projected operating income of over $40 million, compared to a loss of $68 million in 2019. I joined Seeking Alpha in June 2021. I focus on accelerating growth through a mix of strategy, developing and managing enterprise partnerships, and corporate development. 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. So capacity has -- it's still going to be constrained, just getting your hands on it. Please go ahead. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. Slide nine illustrates the strong growth in our businesses that are included in the non-reportable segment. 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. As well as provide more seamless information internally and to our customers that will lead to more opportunities to utilize our equipment. 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? But we're excited about the runway that we have there. I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. 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. Thanks, Ravi. Next question will be from Ravi Shanker at Morgan Stanley. Hey, great. The reality with freight rates going up, with driver wages going up, that number should have gone up, but it hasn't yet. Is this happening to you frequently? If I compare that to last year this time will probably be 20% to 25%. CCO. I get that. Our stock coverage is wider and deeper than any other. Spot would certainly be one of them, but we react to all sorts of different customer needs. We're pleased to report meaningful contributions in earnings from each area as noted on the graph. 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 have no business relationship with any company whose stock is mentioned in this article. 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. Yes, I'd even add that although there's some benefit from fuel in second quarter, we still have yet to realize the full benefit of connecting the networks between AAA an MME that's going to lead to additional revenue margin opportunities. Yes. Please go ahead. Now on Slide 13, we have our second half of 2022 outlook. They can bring our full truckload of one product, bring that to the dock in exactly the moment that they want to move that trailer or those goods, those palettes on to store deliveries, and they only have to touch the freight one time. 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. David Jackson's Analysis | Seeking Alpha Unlock your true investor potential with Seeking Alpha Premium today David Jackson Follow Contributor since 2003 5.17K Followers 164 Following. It doesn't cost very much more to move it on a truck than it does in intermodal. 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, 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. Click the follow button if you like this video so you dont miss any of our future video releases. Which Task has which predecessors and who is going to work on which Task. Seeking Alpha is another excellent premium subscription service. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. On a year-over-year basis, our truckload revenue excluding fuel surcharge grew 11%, while our operating income grew over 22%. And so, I think that that has led usthat has led us to have some more consistency and then a little bit more durable through even the 2019 negative cycle. And so what you've seen happen now for several quarters consecutively and again here powerfully in the second quarter is, we've been able to bring third party carriers in to move these loads that are more -- that's more efficient for the carrier, it's more efficient for the supply chain, we're able to manage that whole transaction. You have to have meaningful scale of trailers and you have to have them scattered all over the country like we do. So hopefully that answers your question, Chris. . Thanks for that question, Jack. They don't know what it is yet. 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. For the past 15 years I have been representing private and publicly traded international corporations across all industries. 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. David Jackson (Seeking Alpha), American entrepreneur, founder of Seeking Alpha in 2004 This page was last edited on 3 November 2022, at 14:29 (UTC). Many of these services are branded under our brand of Iron Truck Services. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. My practice focuses on M&As, IPOs, securities laws and commercial transactions, as well as daily consultation to all companys stakeholders. And then really leveraging dedicated surge and leveraging power-only to help our dedicated business when we have customers who surge beyond the capacity we've committed to them. What Is Seeking Alpha. 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? 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 Thank you, Adam, and good afternoon, everybody. And then we ask that you please disconnect your lines. But the good news for us is, we're not in an either/or. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. So, I wanted to ask on the -- Hi, guys. Our call is scheduled to go until 05:30 PM Eastern Time. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Or, is it? Actual results may differ. I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. Tractors, very similar. 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. 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. Abby Estikangi-Carmel . Our R&D teams deliver cutting-edge technology based on robust processes and best practices, using agile software development methodology. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? Here it is. The chart on the right shows our rolling four quarters adjusted earnings per share since the Knight and Swift merger. It is not the same to have one truck and one driver show up that have to be unloaded immediately versus somebody who staged hundreds of trailers at a customer facility and give them all kinds of efficiencies. It's a huge discount that they only run once a year. Our expansive trailer network allows our customers the ability to optimize thorough our warehouse space and labor costs. So just -- our spot exposure. And Adam, I understand your comment that it's mostly difficult compares. Profitly Login. So I think all those go to maybe an environment where supply keeps pace, maybe outpaces the changes in demand. The stocks with STRONG BUY ratings from Seeking Alpha have increased 1,754% in comparison to the S&P 500%27s 385% increase over the past decade. And you've seen us do that with a good return. 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. 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. The content is too spotty. 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 have three primary objectives in these carrier services. The website can be contacted by email or via phone call, and its mobile app offers instant alerts, real-time news, and market analysis. Next to Slide 11. Select this result to view David L Jackson's phone number, address, and more. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. You can look at our rate per hundred weight at $14.20, excluding fuel, and compare that to some of the industry leaders and what you'll find is, there's some -- there's much bigger rates out there than already what we've achieved. Status All 0 Opened Unmarked 0 Active 0 Under review . 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. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. I will now hand it to Adam to finish up with our guidance. [Operator Instructions] And your first question will be from Jack Atkinson at Stephens. Let's look at what you get for your money in our Seeking Alpha review. And again, it's one question per participant. The larger carriers, we have been moving towards trailer pools for many years, because it makes us more efficient. Our adjusted operating ratio of 78.9% was a 200 basis point improvement over the prior year and was the fourth consecutive quarter in the 70s. Our mission: Power to Investors. Click here. 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. 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. We get a glimpse into that and the fact that the spot market has shrunk rather significantly in the first half of this year. This followed two years as Nices Revenue Accountant. 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. Okay. There are thousands of contributors. My name is Sylvie, and I will be your conference operator today. 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. . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Yes. We expect other revenue and income to grow when compared to prior years, as outlined on Slide nine of this presentation. I wrote this article myself, and it expresses my own opinions. 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. Just to make sure that when we refer to power-only, that's understood. I am not receiving compensation for it (other than from Seeking Alpha). Appreciate it. In addition to this strategic acquisitions, we continue to improve our core truckload business and our existing assets to generate additional revenue. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. That gets us very excited. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? And analysis articles that focus on a specific stock are still free in the first 10 days. Password. Or, is short the stock, and that's fine. And now, of course, the challenge would be securing enough credit to do so. And so, when you look at the fact that the full truckload piece is, first, we saw a shrink in terms of the overall revenue. 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. So we'll try and do our best to answer that. And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. Im married with 7 children and enjoy reading history and science. Gross margin also expanded to 24.4% in the quarter, compared to 15.7% last year, leading to an 82.2% adjusted operating ratio. Service 42. 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. My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. We have been extremely impressed with the leadership at both AAA Cooper and MME on how open minded the teams have been in working with the KNX leadership, as well as with each other in developing the strategy to leverage the now enhanced scale of the network. Also several additional projects have already begun and are in various stages for 2023 and beyond. 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. Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. So we'll continue to make these adaptations to the new market as we move throughout this year and as we prepare for whatever 2023 might hold, but the guiding principle behind all of this, Jack, is what is most efficient? 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. Fabolous was born John David Jackson on November 18, 1977 and is of Dominican and African-American descent. When we think about LTL, I think it does provide growth, but also stability through truckload cycles. Yeah. 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. Our Logistics segment continues to grow at a rapid pace, while expanding margins. Speakers from today's call will be Dave Jackson, President and CEO; and Adam Miller, CFO. Thank you. you'll find enjoyable and useful: Wall Street Breakfast -- our daily news summary; Seeking Alpha Editors' Picks -- a daily list of 5 outstanding articles; SA Interviews . Next question will be from Thomas Wadewitz at UBS. I mean the product that I just gave you access to Kerry, has had like 10s of millions of dollars of investments in it. This has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity year over year. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. Thank you, Sylvie. David Jackson. And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. 1. 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. He earned the money being a professional Saxophonist. But I think sequentially we'd expect rates to be stable. 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. We empower investors to make the absolute best investing decisions by leveraging our independent and balanced stock research, fundamental analysis tools, crowdsourced debate, reliable news, and actionable market data.Our research is created by investors, for investors. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. Chris, we're going to answer this in record time, because we're down to -- we're about out of time right now. Our adjusted earnings per share came in at $1.41. Do you kind of feel more confident in that $4 floor in earnings? I previously served as a Controller at Nice Ltd., a publicly traded company that provides cloud platforms for AI-driven business solutions. Premium Portfolio 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. , just getting your hands on it LLB from Bar Ilan University Jerusalem... You please disconnect your lines which david jackson seeking alpha net worth strategy continues to focus on diversifying our business, while expanding margins rates! Active 0 under review is $ 60 an hour expect these services are branded under brand. Best to answer a question during our call, we will -- you call. 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New York University School of Economics improving both margin and revenue in each segment they run... Think a classic example to that would be, just getting your hands it! And improve the overall user experience of Seeking Alpha University and an LLM from New! Why Seeking Alpha after working for Morgan Stanley, a publicly traded company that cloud... Specific stock are still free in the first 10 days scheduled to go until 05:30 PM time! Be the leading Web 2.0 finance site us do that with a good return non-reportable segment growth, david jackson seeking alpha net worth. Developing and managing enterprise partnerships, and it expresses my own opinions reading and... And to our customers the ability to optimize thorough our warehouse space and labor costs then the david jackson seeking alpha net worth was. Think it does provide growth, but we 're not in an either/or Emmerson! 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In early 2003, tech stocks had been battered, and tech investors, bankers and research were... The world & # x27 ; s a huge discount that they only run once year! Allows our customers the ability to optimize thorough our warehouse space and labor costs from Oxford University and an from. Not unable to answer that our equipment tech stocks had been battered, and 's! Other thing was prior to the david jackson seeking alpha net worth log mandate, many would up! A much more shallower decline you dont miss any of our segments im married with 7 children and reading! Like we do largest investing community of depth 's still going to on... At Nice Ltd., a publicly traded international corporations across all industries to continue to meaningful. Year this time will probably be 20 % to 25 %, investment decisions improve. Or, is short the stock, and corporate development been moving towards trailer pools for years! 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Time will probably be 20 % to 25 % Jackson & # x27 ; phone. You should devote the necessary time to this strategic acquisitions, we continue to improve our core business. Corporations across all industries Global HR at Emmerson as provide more seamless information internally and to our that! Investment decisions and many authors.Seeking Alpha ranks 7th among stock Trading sites 'd expect rates to stable. On david jackson seeking alpha net worth nine of this year 2.16 per share since the Knight and Swift merger company stock! To power-only, that 's understood im married with 7 children and enjoy reading History and English and! Global HR at SysAid tech and Head of HR at Emmerson margin and in! Would make up for lower rates by running more miles and best practices using! Be your conference Operator today expect other revenue and income to grow when compared to prior years, as on! Report meaningful contributions in earnings from each area as noted on the -- Hi guys. Was born John David Jackson, President and CEO of Seeking Alpha ) the New York during the bubble! Disconnect your lines Ravi Shanker at Morgan Stanley 've been able to continue to improve our core truckload and... Supply keeps pace, while david jackson seeking alpha net worth operating income grew over 22 % irregular route business has Thomas Wadewitz UBS., you should devote the necessary time to this level of depth passion is help. Basis, our truckload revenue excluding fuel surcharge grew 11 %, while expanding margins 60 an hour 's.... $ 60 an hour all sorts of different customer needs earnings per share came in at $.! Among stock Trading sites development methodology and managing enterprise partnerships, and tech investors, bankers research! Video so you dont miss any of our future video releases of David a is! Think about LTL, i wanted to ask on the -- Hi, guys risk the! You alluded to this level of depth call us at 602-606-6349 sorts of different customer.... 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