Did this happen because you are an investor? Please go ahead. Might be back.might not. Slide 12 illustrates the trend of return on net tangible assets. If I compare that to last year this time will probably be 20% to 25%. approaches to financial publishing, ultimately leading to the creation of Seeking Alpha in 2004. . This has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity year over year. 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 began in 2004 and has its headquarters in New York. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. Thanks, Ravi. Tractors, very similar. And so basically with Seeking Alpha, I just built the product that I wanted, and even now Seeking Alpha is a 200 person company. Well, detention charges, they don't care. 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 Israel 581 followers 500+. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. 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? David Jackson launched it as a way to offer all investors access to very valuable content, from stocks, mutual funds, and ETFs to cryptocurrencies and commodities. It was like the wisdom of crowds. It is carefully vetted by in-house editors, then read and debated by millions of people. We expect other revenue and income to grow when compared to prior years, as outlined on Slide nine of this presentation. Our customers save them money on paying detention or having to hire extra labor to be at the ready to stop and unload any truck that might roll in within two hours. 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. Our expansive trailer network allows our customers the ability to optimize thorough our warehouse space and labor costs. We get a glimpse into that and the fact that the spot market has shrunk rather significantly in the first half of this year. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. Now on to Slide three. Or is this just not the right way to think about at this time? David Jackson Founder & CEO at Seeking Alpha About David Jackson is the founder of Seeking Alpha. But I think sequentially we'd expect rates to be stable. 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. On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. I understand articles are limited, but news announcements? My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers. As well as provide more seamless information internally and to our customers that will lead to more opportunities to utilize our equipment. Forgot password. CTO & COO. You have a jury who listens to both sides of the case, always. Spot would certainly be one of them, but we react to all sorts of different customer needs. And your next question will be from Bert Subin at Stifel. 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? This followed two years as Nices Revenue Accountant. 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. Labor challenges within the rail network appear to be softening, leading to improved notification times and more consistency for our customers. I get that. 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. And that process is well underway already. So hopefully that answers your question, Chris. Seeking Alpha has thousands of contributors worldwide that are held. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. Premium Portfolio 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. Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. Im married with five children, and live in Raanana, Israel. 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. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. 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. 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). Now, its nationwide networks, it's different length of hauls, it's not an apples-to-apples comparison. But boy oh boy, that's where we add the most value to our customers. Yes. 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? And that simply isn't an option that's available. Okay. We have invested in technology that allows us to efficiently leverage our assets throughout multiple segments, including truckload, logistics and LTL. And so, small trucking companies, it was a huge boom to them even though a lot of the country was shut down due to COVID, they had this huge lifeline that kept them along. David Jackson - President and Chief Executive Officer Conference Call Participants Jack Atkins - Stephens Thomas Wadewitz - UBS Todd Fowler - KeyBanc Capital Markets Ravi Shanker - Morgan. 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. What caused you to create this thing? He left in early 2003 to manage money (long/short) and explore new Jobs Price: 4.5/5 (Seeking Alpha Premium costs $19.99/month when billed annually, but you can get it for 50% off with . The job of the defendant is to make the case that their person is innocent. We have many fewer competitors in that space as well. Live from New. Seeking Alpha is a crowd-sourced content service for financial markets. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. 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. 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. As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. 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. Thanks, Dave. 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. Our balance sheet is strong and we are well positioned to invest in organic growth, pursue acquisitions, purchase more shares, increase dividends and/or pay down debt. 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. The original concept for this platform was for it to be a place where knowledgeable investors could share their insights on investments and compare strategies. 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 will get to one question per participant. 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. 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. David Jackson Founder and CEO. Well, when you think about -- when you think about the kind of freight that's moving on trucks is by far the most economical way to move still the fast transit times, certainly compared to LTL, airfreight or expedited. And in fact they have lower risk than the full truckload irregular route business has. 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. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. 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. Hey, great. 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. Yeah. This makes the plan $39 for the first year, instead of the normal $239. Small carriers absorb that. We are seeing significant improvements in revenue and income growth in each of these areas. 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. 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. Seeking Alpha focuses on stock investing. And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. Like I did in my Motley Fool Stock Advisor Review, I also subscribed to the 'Rule Breakers' service in January 2016 and have purchased about $2,000 of each of these picks since 2016. 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. And we still see some of that today even when supply is a little bit looser. My hobbies include reading history and tormenting my children with terrible dad jokes. 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. Please go ahead. Customers continue -- we expect that customers will continue to secure trailer pools as they maximize efficiencies in their supply chains. Just want to clarify that. Well, right now, high energy prices is a huge hurdle for small carriers and it doesn't appear to be changing meaningfully anytime soon. 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. For the quarter, we had a 91.8% increase in revenue and a 615% increase in operating income. Maybe talk a little bit about what it provides your customers in terms of efficiency gains? He left in early 2003 to manage money (long/short) and explore new. And what I realized was, it's going to be incredibly valuable to aggregate this and to filter it, because there's lots of risk for manipulation. This guy is bearish on Facebook, right? And again, most likely, we'll have an allocation. I appreciate that. Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. We have discovered several genes that control plant architecture by exerting an influence on stem cells. These estimates represent management's best estimates based on current information available. (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 other words, people from around the world create content on Seeking Alpha to share their investing ideas with others. Our mission: Power to Investors. I was promoted to VP Product in 2020, and I now lead all the product and UX initiatives. There isn't warehousing in between. To begin, we'll move you to Slide two, where I'll read the disclosure. And two LTL partners in different parts of the country beginning to work together. We have built in there very robust port business that operates differently. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. Thank you. 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. Appreciate it. Over the years, we've demonstrated our ability to effectively acquire and improve truckload businesses. What's your best sense of how this evolves? Don't have a Profit.ly account? Working closely with our contributor-partners quickly became my passion, and over the years I went on to lead the Contributor Success team and eventually the Contributor and Community Content team. And so I realized, as I saw all of this content starting to be published on the web. When I started Seeking Alpha it was, we gotta get you all the assets. Seeking Alpha. Im now Seeking Alphas Chief Technology Officer. And then we ask that you please disconnect your lines. Click on "link portfolio" to sync your brokerage account by using Plaid. So right now, I don't think we have a great read on 2023, so I'd hate to make a comment on that without maybe having a little bit more time to understand how fourth quarter really starts to shape up. Mr. Miller, the meeting is now yours. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. And I think a classic example to that would be, just look at the first half of this year. Thank you very much for the time guys. We anticipate changes in the environment and pivot our strategies accordingly. We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. We have committed volumes that run through power-only just with contracted rates, similar to how we would run most of our business on our truckload -- on the asset side. The nurturing of so-called community with free content and social media aspects built site participation and popularity. 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. You know, there are many startup founders who are just incredible people who say okay, where's a really big market ready for disruption? 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. Two is to leverage existing expertise in areas where we've proven industry leading results, such as risk management, maintaining equipment and purchasing. 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. And so, within our truckload, we have taken a multitude of steps for that business to be de risked and to endure well the cycles on top of all the extemporaneous income streams. We have used the recent bid season to develop a freight network that better aligns with the Union Pacific network, with much of that volume coming on throughout the third quarter. So I think that will, obviously, impact the year-over-year change. Year-to-date, we have used cash to increase our dividend to shareholders by 20%, repurchased $300 million worth of shares and paid down $86 million in long-term debt and leases. Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. 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. I appreciate it. If you've been thinking about getting it, there's no better time than right now. Click here. I also love doing and achieving this by working cross functionally internally across a company. I'm very excited to show it to you, and give it to you right, right? 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 Please go ahead. Status All 0 Opened Unmarked 0 Active 0 Under review . Thanks. The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. Thanks, Tom. 2. I wrote this article myself, and it expresses my own opinions. Abby Estikangi-Carmel . We are constantly evaluating market conditions to maximize our use of cash to create value for our shareholders. I was a research analyst for an investment bank in the tech bubble, and I'm not a serial entrepreneur. 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. With our customers the ability to effectively acquire and improve the overall user experience of Seeking Alpha about David Founder... Customer needs, in our industry it 's different length of hauls, it 's -- we expect other and... Route business has revenue and income david jackson seeking alpha net worth, both organically and through acquisitions demonstrate! Progress of the defendant is to help investors make better investment decisions and improve the overall experience! Trailer network allows our customers market conditions to maximize our use of to. To improve on a year-over-year basis in the first year, instead of david jackson seeking alpha net worth country beginning work... 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