I'm David Jackson, founder of Seeking Alpha. Two is to leverage existing expertise in areas where we've proven industry leading results, such as risk management, maintaining equipment and purchasing. 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. 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. And that has come off, probably off 25% or even maybe a little bit more. Which Task has which predecessors and who is going to work on which Task. 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. We anticipate changes in the environment and pivot our strategies accordingly. Please go ahead. 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. Where Is the contrary opinion? My name is Sylvie, and I will be your conference operator today. Hey, Dave. I think your -- first part of that question was acknowledging what are the benefits to the customer. Do you think that we're kind of setting up for a fairly sharp fall-off in freight? I wrote this article myself, and it expresses my own opinions. 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. And the [indiscernible] rate is $60 an hour. Look at how our businesses perform relative to kind of what it's been like for the smaller carriers in the broader irregular route market, particularly those that were overly reliant on spot business. This is a result of our continued focus on growing our logistics and intermodal services, our progress towards building a nationwide LTL network and the development of new revenue streams that provides expanded services to third parties. David Jackson is the founder and CEO of Seeking Alpha. Seeking Alpha is the world's largest investing community. In other words, people from around the world create content on Seeking Alpha to share their investing ideas with others. Strong earnings have driven increases in our free cash flow, which was $1.1 billion through the second quarter over the trailing 12 months. 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. 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. Seeking Alpha has thousands of contributors worldwide that are held. On a year-over-year basis, our truckload revenue excluding fuel surcharge grew 11%, while our operating income grew over 22%. I am a qualified attorney in Israel and New York. 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. 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. For example, we now have over 6,000 trailers in our leasing program. I think Jack, I'd also add. And we believe this approach is very welcoming to other LTL companies who may choose to join the network. What we do as a platform is we put every side in front of you so that you can decide for yourself. Our logistics business was in the low 80s and our Intermodal business achieved double digit margins. David Jackson Chief Executive Officer at Seeking Alpha David Jackson is the Chief Executive Officer at Seeking Alpha based in New York, New York. 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. That's very helpful. Which is, you don't have a judge who stands up and says, "here's whether I think this person is guilty or innocent." 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. 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. And then, as you look out into 2023, do you think that that's a business line that can grow in terms of volume even in a much more challenging freight market if that's what we end up seeing? Additionally, we continue to make investments in the growth of this business and added 450 containers in the second quarter and plan to add an additional 1,500 throughout the rest of the year. So, you don't expect people to be unbiased, right? This connection is encrypted and private since your credentials will never be made visible to Seeking Alpha. But the good news for us is, we're not in an either/or. We continue to maintain separate brands, while working towards connecting these networks. 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. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. 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. 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. . Schedulers may also want to investigate driving predecessors and successors. During the second quarter of 2022 our truckload segment grew revenue 11.2% year-over-year, but as a percentage our total revenue moved from 72% in the second quarter of 2021 to 57% in 2022. My hobbies include reading history and tormenting my children with terrible dad jokes. So as a result of that, today in the Knight and Swift, nine out of every 10 loads that we haul involves a trailer pool on at least one side, if not both. Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. David Jackson Professor Ph.D., University of East Anglia, 1991 jacksond@cshl.edu | 516-367-8467 Jackson Lab Website Faculty Profile My lab studies genes and signals in cells that regulate the growth and shape of plants. Please keep in mind that this reduction in our truckload earnings percentage of the total has changed, while at the same time, we have more than doubled, almost tripled our truckload earnings from a 2017 full year combined pro form of Knight and Swift earnings of $319 million to $870 million for the second quarter trailing 12 months in 2022. You know if you say, are they biased? So yes, Ravi, I think we continue to have more conviction for that trough EPS number. So we might have a rate that in a backhaul market that's half the rate of what it is that's Phoenix to LA versus LA to Phoenix, which would be nearly twice the rate. And you've seen us do that with a good return. 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. The enterprise value currently is $1.9 billion, which is a by-product of the significant. This has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity year over year. 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? And it sounds like maybe even an expectation that rates will be somewhat stable sequentially. What Is Seeking Alpha. We love doing a regular route full truckload. Speakers from today's call will be Dave Jackson, President and CEO; and Adam Miller, CFO. Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want cost-efficient, impartial, and quantitative information. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. This makes the plan $39 for the first year, instead of the normal $239. We have identified several locations to develop or expand our LTL footprint through the rest of the year on an organic growth side, we expect to add 300 additional doors at nine new or existing facilities. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. 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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. 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. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. After his phenomenal debut in 2014, Chinese K-pop star Jackson Wang has been taking the entertainment industry of South Korea by storm. Our stock coverage is wider and deeper than any other. 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. 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. Thanks. We've got 200 employees, and thousands of contributors. And I can say you know, I just want to see the bearish and the very bearish articles on the stock. For the quarter, we had a 91.8% increase in revenue and a 615% increase in operating income. 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. Please disable your ad-blocker and refresh. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Our expansive trailer network allows our customers the ability to optimize thorough our warehouse space and labor costs. Yes. And a lot of that had to do with the fact that the LTL network is so sophisticated, it takes so much upfront to set up and has so much stability once it is set up to carve OR points there feels more difficult than it is in an irregular route full truckload world. But boy oh boy, that's where we add the most value to our customers. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. My career started when I fell in love with coding in high school. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. 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. This conference call and presentation may contain forward-looking statements made by the company that involve risks, assumptions and uncertainties that are difficult to predict. This offer expires soon! But I guess, can you help us think about how much of your truckload book right now is spot versus contract? Seeking Alpha focuses on stock investing. As we make more commitments, we are seeing higher tender acceptance levels and fewer non contract opportunities. So that would constrain supply. 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. So I guess. 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. And analysis articles that focus on a specific stock are still free in the first 10 days. I understand articles are limited, but news announcements? And lastly, we expect the used equipment market to normalize as small carriers exit with little interest from new entrants and increased difficulty in securing credit for smaller carriers. Capacity is clearly under pressure. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. So just -- our spot exposure. So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. 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. Half the team is in Israel and half in Ukraine. And really how the fourth quarter plays out will play a big role in setting the stage for what those changes could look like going forward. I'm going to start a company there and they do it over and over again, right? Hey, great. Select this result to view David L Jackson's phone number, address, and more. Well, virtually every one of those factors is not the same and is different this go around. There isn't warehousing in between. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? He earned the money being a professional Saxophonist. Good afternoon, Dave. I have no business relationship with any company whose stock is mentioned in this article. Thank you, Adam, and good afternoon, everybody. David is related to Sara L Jackson . The loss reduced both the GAAP earnings per diluted share and the adjusted earnings per share by $0.16. Seeking Alpha is . Please go ahead. 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. Accessibility: 4/5. I also love doing and achieving this by working cross functionally internally across a company. Thanks, Ravi. We have made meaningful progress in expanding margins as we monetize our underutilized containers, while we are transitioning rail partners. I appreciate it. 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. 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. 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. 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. 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. For the quarter, revenue excluding fuel surcharge was $224 million and the adjusted operating income was $47.8 million. Our LTL business showed great improvement and ran the 70s for the first time. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. Abby Estikangi-Carmel . We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. I mean we've essentially gone through the bid cycle. Seeking Alpha began in 2004 and has its headquarters in New York. Previously, David was the Researcher at LinkedIn. We expect other revenue and income to grow when compared to prior years, as outlined on Slide nine of this presentation. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers.
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