Thanks. We continue to invest in our already industry leading trailer network, which grew sequentially by 1,700 trailers to just over 73,000 trailers. Please disable your ad-blocker and refresh. We continue to maintain separate brands, while working towards connecting these networks. Some tools you can start utilizing if you sign-up to Seeking Alpha, include: Custom virtual portfolio tracker Link and analyze your actual portfolio Don't treat them as people who need to be told what to do. Well, detention charges, they don't care. Yes. And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. We are seeing significant improvements in revenue and income growth in each of these areas. Thank you. This non-reportable segment hasn't been a great focus of analysts or investors over the years, but it is now building as one of our fastest growing segments. At the same time, new technologies were creating the possibility of a . 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. 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. 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. Please. 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. Our adjusted earnings per share came in at $1.41. And you've seen us do that with a good return. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. Do you see where I clicked in the navigation. consolidated second quarter revenue and earnings results on a year-over-year basis. There are thousands of contributors. Click on "link portfolio" to sync your brokerage account by using Plaid. 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. Our truckload business continues to run with an operating ratio in the 70s. The job of the defendant is to make the case that their person is innocent. I think power-only plays a big role when customers come to us with projects that they need help on in a very short time window. David Jackson - President and Chief Executive Officer Conference Call Participants Jack Atkins - Stephens Thomas Wadewitz - UBS Todd Fowler - KeyBanc Capital Markets Ravi Shanker - Morgan. I think there's some OEMs thats doing a little bit better than others, but still very pressured on being able to deliver on orders. And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. 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. And again, most likely, we'll have an allocation. Seeking Alpha has thousands of contributors worldwide that are held. Mr. Miller, the meeting is now yours. Strong earnings have driven increases in our free cash flow, which was $1.1 billion through the second quarter over the trailing 12 months. And then we ask that you please disconnect your lines. 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. Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want cost-efficient, impartial, and quantitative information. Now this concludes our prepared remarks. 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. Top 3 Results for David Jackson. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. Following our commentary, we will answer as many questions as possible. and industry experts (buy side) rather than sell side. David Jackson Founder and CEO. Intermodal margins will remain double digits and we expect to see volumes begin to improve on a year-over-year basis in the third quarter. We have discovered several genes that control plant architecture by exerting an influence on stem cells. Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may apply. Do you think that we're kind of setting up for a fairly sharp fall-off in freight? Also several additional projects have already begun and are in various stages for 2023 and beyond. 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. After that, then there's a detention charge. Im an experienced HR executive with over 18 years of experience in leading global HR teams across multiple business units. 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. 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. Or should we think about that as being perhaps a sub-85 OR in a good year, it's been perhaps higher 80s in a bad year? 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. And that has come off, probably off 25% or even maybe a little bit more. I have no business relationship with any company whose stock is mentioned in this article. We have slides to accompany this call that are posted on our investor website. Our mission: Power to Investors. The best result we found for your search is David L Jackson age -- in Kansas City, MO in the Rosewood neighborhood. But the good news for us is, we're not in an either/or. And it's really because our customers are still uncertain. (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. 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 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. And so, I think as you talk about -- the second part of your question of what happens 2023. The Seeking Alpha site has only one agenda, and that is to help its readers become better prepared and smarter investors. 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. 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. Thank you. The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. Source . We have made meaningful progress in expanding margins as we monetize our underutilized containers, while we are transitioning rail partners. 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. 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 I guess I want to get your sense of how you think that sort of retracement on the contract side could look relative to previous cycles given everything that you said so far? So I guess. And so, all indicators are that supply is contracting already as we speak. 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? Okay. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. For the quarter, revenue excluding fuel surcharge was $224 million and the adjusted operating income was $47.8 million. 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. And the [indiscernible] rate is $60 an hour. Get contact information for Seeking Alpha and Seeking Alpha journalists by joining Muck Rack. Thanks. 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. 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 think today we're probably down closer to the mid to low teens in terms of our exposure to the spot market. 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. Yes, sure. The larger carriers, we have been moving towards trailer pools for many years, because it makes us more efficient. Knight-Swift Transportation Holdings Inc. (KNX). In my IDF service, I worked as a liaison to UN forces deployed on the country's northern borders, which inspired a lifelong dream to move to more rural surroundings. So, you don't expect people to be unbiased, right? Appreciate it. We are very encouraged by the LTL results and our conviction for synergy achievement continues to grow. And I think that's why we like this as a nice complement to our core business. 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. 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 I think sequentially we'd expect rates to be stable. Smarter investors smarter investors 's -- we 're kind of setting up for a sharp. Came in at $ 1.41 containers, while we are transitioning rail.. 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