Our adjusted earnings per share came in at $1.41. Thanks for that question, Jack. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. There really isn't much that we haven't hit from our larger customers. Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. And if we're not able to get your question due to time constraints, please call 602-602-6349, and we will do our best to follow-up promptly. 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. So for example, you've got the electronic logs. Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? 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. Prior to that, I worked at an international department of a leading law firm counseling a range of tech companies and venture capital funds. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. But we're excited about the runway that we have there. Slide nine illustrates the strong growth in our businesses that are included in the non-reportable 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. In other words, people from around the world create content on Seeking Alpha to share their investing ideas with others. Whether they're bullish or bearish. Might be back.might not. 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. We have discovered several genes that control plant architecture by exerting an influence on stem cells. We will get to one question per participant. 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. They've proven that out. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. 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. The enterprise value currently is $1.9 billion, which is a by-product of the significant. The reality with freight rates going up, with driver wages going up, that number should have gone up, but it hasn't yet. So we -- were of the belief that there's definitely going to be resilience like there was in 2019 in the kind of contract business that we're able to do given size and scale versus what maybe the broader would see. 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. We very much like a 78.7% operating ratio. And we're able to do it not to the detriment of our asset based business that performed, again, with an operating ratio in the 70s. Or is this just not the right way to think about at this time? As Dave mentioned, we expect to feel inflationary pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue. So, Adam, just to clarify though, it doesn't sound like you've got a lot built in for a lot of transactional opportunity into the fourth quarter. And then, when you read the article, you can say, oh well this person owns the stock. There are thousands of contributors. And so, as any of those markets change, we can shift focus to another one of those areas to support our customers and continue to grow our power-only capabilities. And now, of course, the challenge would be securing enough credit to do so. And so, all indicators are that supply is contracting already as we speak. And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. Don't have a Profit.ly account? Username or Email. We expect that demand may moderate as the consumer digests and deals with higher inflation and uncertainty in the economy. These increases in revenue and earnings is from our overall strategy to develop essential services for third party carriers. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. Please go ahead. Yes. 2. Membership fee: $239 per year Free plan available; mobile app Get 50% Off Fortunly Rating Free Plan: Yes Costs: Premium $19.99 per month; Pro $199.99 per month (one-year subscription) Securities: Stocks, ETFs, mutual funds, commodities, cryptocurrencies Years in Business: 18 There's another type of founder of startups of people who build the product that they want themselves. We now expect full year 2022 adjusted EPS to be within the range of $5.30 to $5.45, which is an increase from our previous quarter's guidance of $5.20 to $5.40. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. Okay. He is from England. David Jackson's Net Worth: $1-5 Million Age, Height & Body Measurements David Jackson current age 72 years old. 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. We continue to generate meaningful revenue and income growth, both organically and through acquisitions and demonstrate the operating leverage of our business. And two LTL partners in different parts of the country beginning to work together. If you have an ad-blocker enabled you may be blocked from proceeding. But I personally am deeply involved in our product because I use it. I imagine at least partially as a result of fuel and then clearly you had super strong yields there. Okay. It doesn't cost very much more to move it on a truck than it does in intermodal. Our truckload business continues to run with an operating ratio in the 70s. 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? I would say, what has made our industry more choppy and more cyclical has been the fact that we grossly oversupply when it's good, and then it takes a little time for that to work off in part, because when the economy starts to sputter just a little bit you see wind at the back of a small carrier to absorb the difficult times by having low energy prices, typically used equipment prices bottom out. 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. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. And so, that's just -- and we didn't go into this one with a huge oversupply like we did in 2018 to 2019 or like we did in 2006 to 2007 or like we did in really -- I guess those would be some of the biggest ones we've seen in recent history. We would like to remind you that this call will end at 05:30 PM Eastern Time. VP HR. 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 our last slide of our prepared remarks, Slide sixteen does outlines our guidance for the full year 2022. That's great. A subscription to Seeking Alpha Premium unlocks thousands of research reports on nearly every stock you may be interested in, making it a unique and invaluable research tool. We're pleased to report meaningful contributions in earnings from each area as noted on the graph. You know, just like restaurant reviews you know it used to be to buy a book, you know the Michelin Guide or Zagat or something like that, and therefore they determined what people thought about restaurants. I am a qualified attorney in Israel and New York. 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. And so, that being said, I would say that we've been pleasantly surprised at the magnitude of the synergies that are available in both a large TL that has a few advantages going forward with -- working with LTL. Live from New. What Is Seeking Alpha. Just want to clarify that. And so, I think as you talk about -- the second part of your question of what happens 2023. Just to make sure that when we refer to power-only, that's understood. Yes. Now on to Slide seven. 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. 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 The customer included in the freight rate is two hours to unload that trailer. Tractors, very similar. 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. 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. 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. I love writing, spreadsheets, user experience, and strategy. And then, suddenly, restaurant reviews moved to Yelp. And that has come off, probably off 25% or even maybe a little bit more. So what I'm leading to in all of this, Tom, is different than any other cycle, we have never seen supply come out so early and appear to be coming out at the same pace, if not, maybe even faster than demand seems to be waning. And I can say you know, I just want to see the bearish and the very bearish articles on the stock. At the same time, new technologies were creating the possibility of a different approach to equity research, based on crowdsourcing and community. Israel 581 followers 500+. I joined Seeking Alpha as VP of Global HR in January 2021, to lead the companys people practices and translate our business vision into HR initiatives that improve performance, growth, and employee engagement. Service 42. Do you think that we're kind of setting up for a fairly sharp fall-off in freight? 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 You know if you say, are they biased? Do you see where I clicked in the navigation. Im married with five children, and live in Raanana, Israel. The loss reduced both the GAAP earnings per diluted share and the adjusted earnings per share by $0.16. 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. In 2020, summer of 2020 you saw some of the cheapest fuel we've seen in --certainly in oil prices, maybe in ever in the modern era. Our Logistics segment continues to grow at a rapid pace, while expanding margins. We are encouraged by the significant contributions from each of our segments. Premium Portfolio This may result in rates turning negative year-over-year late in the third quarter and continuing into the fourth quarter. And that simply isn't an option that's available. 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. We are very encouraged by the LTL results and our conviction for synergy achievement continues to grow. And number three, to provide these services in a way that benefits the relationship that we have with small carriers as we build a much, much larger network using their power with our trailers and freight network. I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. He left in early 2003 to manage money (long/short) and explore new. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? Sylvie, we will turn it back to you to conclude. And yes, there's some fuel surcharge benefit, but you've noted the fact that there was meaningful double digit yield improvement. And so, very quickly with two extra hours to unload a trailer, you can find yourself with a 30% to 40% increase on many backhaul lane moves. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. Next question will be from Thomas Wadewitz at UBS. 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. My practice focuses on M&As, IPOs, securities laws and commercial transactions, as well as daily consultation to all companys stakeholders. I am not receiving compensation for it (other than from Seeking Alpha). Our team continues to act with agility and move with the market. And so that type of business clearly requires a significant capital investment. The job of the prosecutor is to make the case that the guy is guilty. David Jackson. Our truckload earnings now represent only 61% of earnings, which represents a meaningful shift from where we were in 2017 as noted in the graph when we did the Knight and Swift merger. Thank you, sir. Thanks, Ravi. 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 . All this contributes to Jackson Wang's net . Would you care to kind of update that view here? 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. Counted among the most popular K-pop idols, Wang's massive success, both as part of GOT7 and as a solo artist, has earned him worldwide fame, a growing fan following and endorsement deals with major luxury brands. Yes. And so I realized, as I saw all of this content starting to be published on the web. There isn't warehousing in between. And our net cash CapEx for the full year is expected to be in the range of $550 million to $600 million, which is unchanged from the previous quarter. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. And that is meaningful. We anticipate changes in the environment and pivot our strategies accordingly. And so, we're fortunate with over $1 billion of free cash flow over the last 12 months that we have opportunities to go in both directions and we can sing and dance, so to speak, at same time and see both of these continue to grow and flourish. 2Q is an excellent quarter for LTL. So we have that going on as a backdrop that is different than any cycle prior to 2018. Genes that control plant architecture by exerting an influence on stem cells compensation... 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