I think Jack, I'd also add. As we make more commitments, we are seeing higher tender acceptance levels and fewer non contract opportunities. Actual results may differ materially from these estimates. 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. 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. We are very encouraged by the LTL results and our conviction for synergy achievement continues to grow. 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 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. Click on "link portfolio" to sync your brokerage account by using Plaid. This makes the plan $39 for the first year, instead of the normal $239. And good afternoon, everyone and thank you for joining our second quarter 2022 earnings call. (3) We've raised retention for Seeking Alpha Premium by (i) identifying our most valuable product features, and (2) redesigning the product UX to increase the usage of those features. 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. 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. . I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. David Jackson, Seeking Alpha Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia. 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. So just a difficult comp from a year ago. We continue to be excited about this business and have several projects ongoing that will improve the experience for our third party carriers. David Jackson's Net Worth: $1-5 Million Age, Height & Body Measurements David Jackson current age 72 years old. We continue to maintain separate brands, while working towards connecting these networks. To achieve a 78.7% OR just one year after the acquisition, while also adding MME to the business is remarkable in our opinion. 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. Next question will be from Thomas Wadewitz at UBS. Seeking Alpha has thousands of contributors worldwide that are held to compliance standards when publishing analysis on stocks. I wrote this article myself, and it expresses my own opinions. David Jackson Founder and CEO. 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. 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. At the same time, new technologies were creating the possibility of a different approach to equity research, based on crowdsourcing and community. Our LTL business showed great improvement and ran the 70s for the first time. There's many ways that we approach power-only with our customers. Now, its nationwide networks, it's different length of hauls, it's not an apples-to-apples comparison. So, you don't expect people to be unbiased, right? 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 But the good news for us is, we're not in an either/or. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? Hey, guys. They don't know what it is yet. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. 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. Each of the brands has its own unique competitive advantages, whether that's based on the region or doing more expedited or in some cases a little longer haul. 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 . I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. I believe that technology innovation by brilliant minds leads to awesome user experience. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? 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? And we believe this approach is very welcoming to other LTL companies who may choose to join the network. And that simply isn't an option that's available. Click here. Labor challenges within the rail network appear to be softening, leading to improved notification times and more consistency for our customers. Now on to Slide seven. Yes. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. So I guess my question really centers around your power-only and logistics offering. Log In. Well, detention charges, they don't care. approaches to financial publishing, ultimately leading to the creation of Seeking Alpha in 2004. With Seeking Alpha premium, you can compare seven different stocks at the same time. Maybe talk a little bit about what it provides your customers in terms of efficiency gains? Mr. Miller, the meeting is now yours. Seeking Alpha began in 2004 and has its headquarters in New York. 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. 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. And yes, there's some fuel surcharge benefit, but you've noted the fact that there was meaningful double digit yield improvement. 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. I'm going to start a company there and they do it over and over again, right? 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. I've received three mails on the site in three hours from David Jackson, and the mail says I've been automatically set to follow "some authors with recent articles we think . 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. Do you see where I clicked in the navigation. Now on to the next slide. Thanks, Ravi. And Adam, I understand your comment that it's mostly difficult compares. 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 Premium Portfolio View People Contact Information. Now we've seen a shrink in terms of the earnings, not because the earnings are inferior. We love doing a regular route full truckload. 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. Actual results may differ. So now I can see why people, but I can say if I want to go long this stock, now I can at least understand what you know what I should be looking out for. 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. And we've been able to continue to have very, very strong volumes there. and industry experts (buy side) rather than sell side. Okay. 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. My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. We expect that demand may moderate as the consumer digests and deals with higher inflation and uncertainty in the economy. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. Our team continues to act with agility and move with the market. The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. This followed two years as Nices Revenue Accountant. 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. But we very much like the business. 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. 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. We very much like a 78.7% operating ratio. Peter Way Associates: Provides investment professionals with forward-looking, market-derived Risk:Reward tradeoff assessments for widely held and actively traded common stocks and ETFs.Ryan. 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. I appreciate that. 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. And so they can save themselves from a lot of maintenance costs by getting into another truck. This may result in rates turning negative year-over-year late in the third quarter and continuing into the fourth quarter. 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 Well, we said our goal initially was in three years we wanted to be to an 85. And I think we have probably less visibility to the projects or type of surge opportunities we may have in the fourth quarter than we typically do this time. I am not receiving compensation for it (other than from Seeking Alpha). I will now hand it to Adam to finish up with our guidance. 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. 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. 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. Yeah. Yes. Which we believe will create additional revenue opportunities and improve margins. And that has come off, probably off 25% or even maybe a little bit more. 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. Today, we plan to discuss topics related to the results of the second quarter, provide an update on current market conditions, and update our full year [2020] (ph) guidance. Seeking Alpha New Year's Sale - 83% OFF Seeking Alpha is running a massive 83% discount on their annual premium plan. The enterprise value currently is $1.9 billion, which is a by-product of the significant. I bring over 14 years of finance experience to Seeking Alpha, in shaping and leading finance operations and teams. Please. And again, most likely, we'll have an allocation. And let them evaluate it, and let them choose for themselves. And that process is well underway already. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers. 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. So for example, you've got the electronic logs. We're pleased to report meaningful contributions in earnings from each area as noted on the graph. Don't have a Profit.ly account? And when I think about rate sequentially, I think the one wildcard is what does the fourth quarter look like. 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. 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. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. 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? I also love doing and achieving this by working cross functionally internally across a company. Our R&D teams deliver cutting-edge technology based on robust processes and best practices, using agile software development methodology. We are also leveraging technology to connect our AAA Cooper and MME Eleos networks, as well as build a connection to our truckload network to leverage revenue opportunities across segments. David Jackson Chief Executive Officer at Seeking Alpha David Jackson is the Chief Executive Officer at Seeking Alpha based in New York, New York. And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. Thanks. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. And you've seen us do that with a good return. Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q2 2022 Earnings Conference Call July 20, 2022 4:30 PM ET, Adam Miller - Chief Financial Officer and Treasurer, David Jackson - President and Chief Executive Officer, Good afternoon.
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