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. If you have an ad-blocker enabled you may be blocked from proceeding. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. There really isn't much that we haven't hit from our larger customers. 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. We love doing a regular route full truckload. At the same time, new technologies were creating the possibility of a different approach to equity research, based on crowdsourcing and community. And so, every quarter that goes by between now and whenever the bottom of a cycle is, yes, we feel better and better about the trough that that floor continues to rise. Strong earnings have driven increases in our free cash flow, which was $1.1 billion through the second quarter over the trailing 12 months. Ladies and gentlemen, this does indeed conclude today's conference. What caused you to create this thing? We are seeing significant improvements in revenue and income growth in each of these areas. Following our commentary, we will answer as many questions as possible. Thank you, sir. We very much like a 78.7% operating ratio. Now on to Slide seven. As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. Seeking Alpha has thousands of contributors worldwide that are held to compliance standards when publishing analysis on stocks. Our mission: Power to Investors. The Seeking Alpha Premium service portfolio linking feature allows you to connect your brokerage account with your Seeking Alpha account. Click here. We believe our scale in trailers is a competitive advantage and provides our customers capabilities that are extremely difficult to replicate. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. David Jackson. 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. There are thousands of contributors. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. 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. 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. 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. Hey, thanks guys. And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. Please again keep it to one question. Actual results may differ. 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. David Jackson is the founder and CEO of Seeking Alpha. 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. The intermodal results are included on Slide eight. Recruiting and retaining drivers continues to be a challenge, but we are seeing improvements sequentially in our ability to recruit drivers. 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. 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. 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. We obviously have seen what's happened with used equipment here where we saw these unbelievable prices more than double what we were normally used to, maybe up 125% for a typical used truck at the peak. Now on to Slide six. 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. And what that would have been like a year ago? Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. 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. The content is too spotty. There isn't warehousing in between. The nurturing of so-called community with free content and social media aspects built site participation and popularity. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Live from New. We expect continued decline in non-contract truckload opportunities. I am passionate about building and scaling businesses. And I think that's why we like this as a nice complement to our core business. We haven't quite got to $1 billion, we're on our way to $1 billion a year run rate for that to be the big driver of the earnings for the business. I bring over 14 years of finance experience to Seeking Alpha, in shaping and leading finance operations and teams. 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. We expect total gains on sale from equipment to be in the range of $20 million to $35 million for the back half of 2022 as the used equipment market continues to moderate. [Operator Instructions]. DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. You know, there are many startup founders who are just incredible people who say okay, where's a really big market ready for disruption? This guy is bearish on Facebook, right? I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. 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. 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. Terms of Use | Market Data Disclaimer | Privacy | Do not sell my personal information. I am not receiving compensation for it (other than from Seeking Alpha). Next to Slide 11. Thanks, Dave. Small carriers absorb that. I joined Seeking Alpha in June 2021. I joined Seeking Alpha in 2014. I have no business relationship with any company whose stock is mentioned in this article. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. Also several additional projects have already begun and are in various stages for 2023 and beyond. We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. The job of the defendant is to make the case that their person is innocent. And then we ask that you please disconnect your lines. In many ways as opposed to pulling a tractor out of the line haul business, we're able to support them through third party capacity leveraging trailers in our network. Where Is the contrary opinion? Please go ahead. Thanks, gents. And now, of course, the challenge would be securing enough credit to do so. Freight demand followed normal seasonal trends, but was generally strong throughout the quarter. 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. Just to make sure that when we refer to power-only, that's understood. 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. David Ganek: Delivering Alpha Unfiltered. We have many fewer competitors in that space as well. So I think all those go to maybe an environment where supply keeps pace, maybe outpaces the changes in demand. So just a difficult comp from a year ago. I am not receiving compensation for it (other than from Seeking Alpha). So that would constrain supply. David Jackson NBQ807 Add me Team Facebook Twitter Nationality United States Residence Jacksonville, FL, United States David Jackson's GPI Rankings Live Best Cash $ 598,173 All Time Money $ 3,825,519 Tournament Results of David Jackson Ranking history GPI PoY 2022 GPI rank Rank 2014 2016 2018 2020 2022 0k 20k 40k 60k 80k Highcharts.com Plot Data We acknowledge that we have less visibility on peak season surge as compared to the previous two years. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. Status All 0 Opened Unmarked 0 Active 0 Under review . What Is Seeking Alpha. I have done a version of my current role at other traditional media companies (A&E Television Networks, Viacom/Nickelodeon and Discovery Communications) and more importantly at Taboola where I was a senior executive for over seven years prior to joining Seeking Alpha. The chart on the right shows our rolling four quarters adjusted earnings per share since the Knight and Swift merger. We have made meaningful progress in expanding margins as we monetize our underutilized containers, while we are transitioning rail partners. Across all of our brands, we have a tremendous team of drivers, shop technicians and office personnel. 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. Slide 12 illustrates the trend of return on net tangible assets. I live in New York City with my wife and daughter and have many outside passions including classical music, collecting photography, adventure travel and playing numerous sports. 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. Operating income increased by 143.8% as the operating ratio improved from 95% to 89.3%. Im married with 7 children and enjoy reading history and science. The best result we found for your search is David L Jackson age -- in Kansas City, MO in the Rosewood neighborhood. I am not receiving compensation for it ( other than from Seeking Alpha is, number 1, treat readers... 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