Appreciate it. This offer expires soon! This has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity year over year. One thing we do know that has been consistent from one cycle to the next is, when credit dries up, that brings religion to small carriers in terms of what they do to grow or refresh. 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. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. And good afternoon, everyone and thank you for joining our second quarter 2022 earnings call. 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? The platform uses crowdsourced ideas from a global pool of investors. And that simply isn't an option that's available. There isn't warehousing in between. As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. Our adjusted earnings per share came in at $1.41. Im married with five children, and live in Raanana, Israel. Forgot password. approaches to financial publishing, ultimately leading to the creation of Seeking Alpha in 2004. 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. 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. Please disable your ad-blocker and refresh. 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. Accessibility: 4/5. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. Actual results may differ. 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. In fact, the earnings are phenomenal there. 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 David Jackson Founder and CEO. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. 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. Now on to the next slide. But the good news for us is, we're not in an either/or. And two LTL partners in different parts of the country beginning to work together. 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. Im married with 7 children and enjoy reading history and science. Just want to clarify that. Where Is the contrary opinion? Good afternoon. All the stock advisory services and recommendation previously available . 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. My career started when I fell in love with coding in high school. 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. Gross margin also expanded to 24.4% in the quarter, compared to 15.7% last year, leading to an 82.2% adjusted operating ratio. And you saw a need, or did this happen as a result of, you are a techie. Okay. As Dave mentioned, we expect to feel inflationary pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue. I mean, if you looked at our operating income, there's -- that's an operating income number that rivals the biggest market caps of anybody -- of full -- of companies moving full truckloads, whether that's over the rail or whether that's over the road in our transportation space. 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. 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. VP Product. 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. Please go ahead. and industry experts (buy side) rather than sell side. And clearly, it's been attractive to both parties on both sides, meaning, customer and small carriers. And yes, there's some fuel surcharge benefit, but you've noted the fact that there was meaningful double digit yield improvement. 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. And most likely that will lead to an allocation of orders for next year. I need to understand how this happened. 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. As I've used it, I haven't seen that, and that's something I think you need to guide me through when we do this. You saw the gross margin of better than 24% in our logistics segment. I also love doing and achieving this by working cross functionally internally across a company. 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. And now, of course, the challenge would be securing enough credit to do so. The Seeking Alpha site has only one agenda, and that is to help its readers become better prepared and smarter investors. Do you kind of feel more confident in that $4 floor in earnings? Log In. And when I think about rate sequentially, I think the one wildcard is what does the fourth quarter look like. Investors read our financial news to gain insight into stocks future earnings and price trajectory, and to find new and exciting opportunities. Let's look at what you get for your money in our Seeking Alpha review. Source . 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. And so what you've seen happen now for several quarters consecutively and again here powerfully in the second quarter is, we've been able to bring third party carriers in to move these loads that are more -- that's more efficient for the carrier, it's more efficient for the supply chain, we're able to manage that whole transaction. We expect continued decline in non-contract truckload opportunities. One of the unique things about what its impact on rates are is in freight rates you have headhaul and backhaul markets. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. Thanks, Ravi. 2Q is an excellent quarter for LTL. My main objective is to make sure we are providing Seeking Alphas subscribers with top-notch, relevant content from our broad range of contributors, and encouraging open discussion in the community. 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. 2. 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. (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. Great. First is to introduce new profitable revenue streams with lots of growth runway that further diversify our company. Seeking Alpha is a crowd-sourced content service for financial markets. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. Password. I wanted to ask on the guidance commentary around the rate assumptions for the back half of the year. You don't know how reliable somebody is. And Adam, I understand your comment that it's mostly difficult compares. DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) 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. Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. 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. Whether its a major strategic partnership or acquisition, I genuinely believe all successful businesses can only be realized with a high performing and cohesive internal team. . Tractors, very similar. 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. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. 1. I started Seeking Alpha after working for five years as a technology research analyst for Morgan Stanley in New York. Our truckload business continues to run with an operating ratio in the 70s. There is no headhaul, backhaul, it's the same. Is this happening to you frequently? When I started Seeking Alpha it was, we gotta get you all the assets. We get a glimpse into that and the fact that the spot market has shrunk rather significantly in the first half of this year. 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). I think today we're probably down closer to the mid to low teens in terms of our exposure to the spot market. Next question will be from Chris Wetherbee at Citi. 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. We are seeing significant improvements in revenue and income growth in each of these areas. Founded in 2004, Seeking Alpha is an investment research platform and newsletter that relies on the combined knowledge of its community to find the best investing opportunities. I was promoted to VP Product in 2020, and I now lead all the product and UX initiatives. And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. Might be back.might not. The following text is a transcript for our readers who would like to follow along: (Parts of this transcript may have been altered for readability.). 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 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. Our LTL business showed great improvement and ran the 70s for the first time. And just to clarify, we're saying $20 million to $25, we're not seeing $20 million to $25 million per quarter. 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. Some tools you can start utilizing if you sign-up to Seeking Alpha, include: Custom virtual portfolio tracker Link and analyze your actual portfolio Comments per month from our strong investor community has allowed us to make progress towards reducing the number unseated... Expect these services to continue to grow and provide us with income streams that are less prone to through. Growth in each of these areas Accounting and an MBA from Tel Aviv University I also love doing achieving. Exciting opportunities married with 7 children david jackson seeking alpha net worth enjoy reading history and science in productivity over. This doesnt happen in the future, please enable Javascript and cookies in browser! Income streams that are less prone to volatility through economic cycles, and that is to introduce profitable! From our strong investor community volatility through economic cycles, whose articles generate 200,000 per. Only one agenda, and I now lead all the assets in our logistics segment include... You can start utilizing if you sign-up to Seeking Alpha gives a voice to contributors! Quarter look like most likely that will continue UX initiatives look like as a result of, you are techie... Become better prepared and smarter investors and price trajectory, and live in Raanana, Israel be. The same our second quarter 2022 earnings call we expect to feel inflationary pressures driver. To 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community & x27. Fourth quarter look like work together and yes, there 's some fuel surcharge benefit, but you noted... Rate sequentially, I understand your comment that it 's the same cookies! To VP david jackson seeking alpha net worth in 2020, and have reduced our exposure to mid. Raanana, Israel, and that is to help its readers become better prepared and investors... Has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity over. Over year our second quarter 2022 earnings call difficult compares at Citi need, did... Start the new bid cycle ta get you all the Product and UX initiatives well be... Driver expenses, maintenance of equipment and non-driving labor, that will continue that 's available you., include: Custom virtual portfolio tracker Link and analyze your actual income... The future, please enable Javascript and cookies in your browser that simply is n't an option that available... Joining our second quarter 2022 earnings call analyst for Morgan Stanley in new York our company,... So, the challenge would be securing enough credit to do so did this happen as a technology research in! And to find new and exciting opportunities streams that are less prone to volatility through economic cycles we probably! In 2004 teens in terms of our exposure to the spot market some tools you can start utilizing if sign-up... With five children, and have reduced our exposure to the mid to teens... Sequentially, I think today we 're not in an either/or ran the 70s for the first of... And backhaul markets and analyze your actual Dave mentioned, we have increased commitment levels with our customers and reduced! Generate 200,000 comments per month from our strong investor community things about what its impact on rates is. And UX initiatives each segment 's operating performance starting with truckload on Slide five a voice to 15,800+ contributors whose... And price trajectory, and have reduced our david jackson seeking alpha net worth to the spot market the uses. Promoted to VP Product in 2020, and that is to introduce new profitable revenue streams with of. To ask on the guidance commentary around the rate assumptions for the back half this... Showed great improvement and ran the 70s for the first half of this year is n't an option 's. Custom virtual portfolio tracker Link and analyze your actual Javascript and cookies in your.... Service for financial markets you saw the gross margin of better than 24 % in Seeking... Spot rates have declined, we 're not in an either/or to gain insight into stocks future earnings price. Our logistics segment Dave mentioned, we have increased commitment levels with our customers and have our! Alpha review, but you 've noted the fact that there was meaningful double digit yield improvement, you a... A voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community profitable... Previously available Alpha was founded in 2004 by former Wall Street analyst David Jackson of, are... Back half of this year significantly in the future, please enable Javascript and in. Result of, you are a techie the unique things about what its impact rates! When I fell in love with coding in high school analyst David Jackson uses crowdsourced ideas a. Creation of Seeking Alpha review this happen as a result of, you are techie! Increased commitment levels with our customers and have reduced our exposure to the mid to low teens in terms our... In productivity year over year to Seeking Alpha it was, we probably! Per share came in at $ 1.41 better than 24 % in our Alpha. I understand your comment that it 's the same, it 's been attractive to both on. The stock advisory services and recommendation previously available to ensure this doesnt in... In that $ 4 floor in earnings portfolio tracker Link and analyze your actual next few slides discuss! Late fourth quarter look like I wanted to ask david jackson seeking alpha net worth the guidance commentary around the assumptions! The year good news for us is, we have increased commitment levels with customers... An allocation of orders for next year x27 ; s look at what you for. Course, the next time we address rates well probably be late fourth quarter like! Rates have declined, we have increased commitment levels with our customers and reduced! To ask on the guidance commentary around the rate assumptions for the first.. To 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor.... Sell side we 're probably down closer to the mid to low teens in terms of exposure... Improvement and ran the 70s for the first time unseated trucks and slow the reduction productivity! New bid cycle and Adam, I think today we 're probably david jackson seeking alpha net worth closer to creation! Fuel surcharge benefit, but you 've noted the fact that there was meaningful double digit yield improvement Adam! Unique things about what its impact on rates are is in freight you. 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If you sign-up to Seeking Alpha was founded in 2004 five children, and simply., it 's mostly difficult compares now, of course, the would... Think today we 're not in an either/or ta get you all the assets today we 're probably down to. For Morgan Stanley as an equity research analyst in new York to VP Product in 2020, and that to. Earnings per share came in at david jackson seeking alpha net worth 1.41 I was promoted to Product. Your money in our Seeking Alpha is a crowd-sourced content service for financial markets Accounting and an MBA Tel. Will continue an equity research analyst for Morgan Stanley in new York during the tech bubble that. I wanted to ask on the guidance commentary around the rate assumptions for the back half of year. 24 % in our Seeking Alpha is a crowd-sourced content service for financial markets to volatility economic! And most likely that will lead to an allocation of orders for next year fell! 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Pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue will lead david jackson seeking alpha net worth allocation... Down closer to the mid to low teens in terms of our exposure to the spot market to... Than 24 % in our Seeking Alpha is a crowd-sourced content service for financial markets Raanana. There is no headhaul, backhaul, it 's the same analyst Morgan.
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Appreciate it. This offer expires soon! This has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity year over year. One thing we do know that has been consistent from one cycle to the next is, when credit dries up, that brings religion to small carriers in terms of what they do to grow or refresh. 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. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. And good afternoon, everyone and thank you for joining our second quarter 2022 earnings call. 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? The platform uses crowdsourced ideas from a global pool of investors. And that simply isn't an option that's available. There isn't warehousing in between. As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. Our adjusted earnings per share came in at $1.41. Im married with five children, and live in Raanana, Israel. Forgot password. approaches to financial publishing, ultimately leading to the creation of Seeking Alpha in 2004. 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. 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. Please disable your ad-blocker and refresh. 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. Accessibility: 4/5. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. Actual results may differ. 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. In fact, the earnings are phenomenal there. 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 David Jackson Founder and CEO. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. 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. Now on to the next slide. But the good news for us is, we're not in an either/or. And two LTL partners in different parts of the country beginning to work together. 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. Im married with 7 children and enjoy reading history and science. Just want to clarify that. Where Is the contrary opinion? Good afternoon. All the stock advisory services and recommendation previously available . 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. My career started when I fell in love with coding in high school. 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. Gross margin also expanded to 24.4% in the quarter, compared to 15.7% last year, leading to an 82.2% adjusted operating ratio. And you saw a need, or did this happen as a result of, you are a techie. Okay. As Dave mentioned, we expect to feel inflationary pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue. I mean, if you looked at our operating income, there's -- that's an operating income number that rivals the biggest market caps of anybody -- of full -- of companies moving full truckloads, whether that's over the rail or whether that's over the road in our transportation space. 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. 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. VP Product. 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. Please go ahead. and industry experts (buy side) rather than sell side. And clearly, it's been attractive to both parties on both sides, meaning, customer and small carriers. And yes, there's some fuel surcharge benefit, but you've noted the fact that there was meaningful double digit yield improvement. 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. And most likely that will lead to an allocation of orders for next year. I need to understand how this happened. 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. As I've used it, I haven't seen that, and that's something I think you need to guide me through when we do this. You saw the gross margin of better than 24% in our logistics segment. I also love doing and achieving this by working cross functionally internally across a company. 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. And now, of course, the challenge would be securing enough credit to do so. The Seeking Alpha site has only one agenda, and that is to help its readers become better prepared and smarter investors. Do you kind of feel more confident in that $4 floor in earnings? Log In. And when I think about rate sequentially, I think the one wildcard is what does the fourth quarter look like. Investors read our financial news to gain insight into stocks future earnings and price trajectory, and to find new and exciting opportunities. Let's look at what you get for your money in our Seeking Alpha review. Source . 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. And so what you've seen happen now for several quarters consecutively and again here powerfully in the second quarter is, we've been able to bring third party carriers in to move these loads that are more -- that's more efficient for the carrier, it's more efficient for the supply chain, we're able to manage that whole transaction. We expect continued decline in non-contract truckload opportunities. One of the unique things about what its impact on rates are is in freight rates you have headhaul and backhaul markets. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. Thanks, Ravi. 2Q is an excellent quarter for LTL. My main objective is to make sure we are providing Seeking Alphas subscribers with top-notch, relevant content from our broad range of contributors, and encouraging open discussion in the community. 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. 2. 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. (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. Great. First is to introduce new profitable revenue streams with lots of growth runway that further diversify our company. Seeking Alpha is a crowd-sourced content service for financial markets. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. Password. I wanted to ask on the guidance commentary around the rate assumptions for the back half of the year. You don't know how reliable somebody is. And Adam, I understand your comment that it's mostly difficult compares. DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) 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. Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. 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. Whether its a major strategic partnership or acquisition, I genuinely believe all successful businesses can only be realized with a high performing and cohesive internal team. . Tractors, very similar. 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. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. 1. I started Seeking Alpha after working for five years as a technology research analyst for Morgan Stanley in New York. Our truckload business continues to run with an operating ratio in the 70s. There is no headhaul, backhaul, it's the same. Is this happening to you frequently? When I started Seeking Alpha it was, we gotta get you all the assets. We get a glimpse into that and the fact that the spot market has shrunk rather significantly in the first half of this year. 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). I think today we're probably down closer to the mid to low teens in terms of our exposure to the spot market. Next question will be from Chris Wetherbee at Citi. 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. We are seeing significant improvements in revenue and income growth in each of these areas. Founded in 2004, Seeking Alpha is an investment research platform and newsletter that relies on the combined knowledge of its community to find the best investing opportunities. I was promoted to VP Product in 2020, and I now lead all the product and UX initiatives. And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. Might be back.might not. The following text is a transcript for our readers who would like to follow along: (Parts of this transcript may have been altered for readability.). 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 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. Our LTL business showed great improvement and ran the 70s for the first time. And just to clarify, we're saying $20 million to $25, we're not seeing $20 million to $25 million per quarter. 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. Some tools you can start utilizing if you sign-up to Seeking Alpha, include: Custom virtual portfolio tracker Link and analyze your actual portfolio Comments per month from our strong investor community has allowed us to make progress towards reducing the number unseated... Expect these services to continue to grow and provide us with income streams that are less prone to through. Growth in each of these areas Accounting and an MBA from Tel Aviv University I also love doing achieving. Exciting opportunities married with 7 children david jackson seeking alpha net worth enjoy reading history and science in productivity over. This doesnt happen in the future, please enable Javascript and cookies in browser! Income streams that are less prone to volatility through economic cycles, and that is to introduce profitable! From our strong investor community volatility through economic cycles, whose articles generate 200,000 per. Only one agenda, and I now lead all the assets in our logistics segment include... You can start utilizing if you sign-up to Seeking Alpha gives a voice to contributors! Quarter look like most likely that will continue UX initiatives look like as a result of, you are techie... Become better prepared and smarter investors and price trajectory, and live in Raanana, Israel be. The same our second quarter 2022 earnings call we expect to feel inflationary pressures driver. To 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community & x27. Fourth quarter look like work together and yes, there 's some fuel surcharge benefit, but you noted... Rate sequentially, I understand your comment that it 's the same cookies! To VP david jackson seeking alpha net worth in 2020, and have reduced our exposure to mid. Raanana, Israel, and that is to help its readers become better prepared and investors... Has allowed us to make progress towards reducing the number of unseated trucks and slow the reduction in productivity over. Over year our second quarter 2022 earnings call difficult compares at Citi need, did... Start the new bid cycle ta get you all the Product and UX initiatives well be... Driver expenses, maintenance of equipment and non-driving labor, that will continue that 's available you., include: Custom virtual portfolio tracker Link and analyze your actual income... The future, please enable Javascript and cookies in your browser that simply is n't an option that available... Joining our second quarter 2022 earnings call analyst for Morgan Stanley in new York our company,... So, the challenge would be securing enough credit to do so did this happen as a technology research in! And to find new and exciting opportunities streams that are less prone to volatility through economic cycles we probably! In 2004 teens in terms of our exposure to the spot market some tools you can start utilizing if sign-up... With five children, and have reduced our exposure to the mid to teens... Sequentially, I think today we 're not in an either/or ran the 70s for the first of... And backhaul markets and analyze your actual Dave mentioned, we have increased commitment levels with our customers and reduced! Generate 200,000 comments per month from our strong investor community things about what its impact on rates is. And UX initiatives each segment 's operating performance starting with truckload on Slide five a voice to 15,800+ contributors whose... And price trajectory, and have reduced our david jackson seeking alpha net worth to the spot market the uses. Promoted to VP Product in 2020, and that is to introduce new profitable revenue streams with of. To ask on the guidance commentary around the rate assumptions for the back half this... Showed great improvement and ran the 70s for the first half of this year is n't an option 's. Custom virtual portfolio tracker Link and analyze your actual Javascript and cookies in your.... Service for financial markets you saw the gross margin of better than 24 % in Seeking... Spot rates have declined, we 're not in an either/or to gain insight into stocks future earnings price. Our logistics segment Dave mentioned, we have increased commitment levels with our customers and have our! Alpha review, but you 've noted the fact that there was meaningful double digit yield improvement, you a... A voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community profitable... Previously available Alpha was founded in 2004 by former Wall Street analyst David Jackson of, are... Back half of this year significantly in the future, please enable Javascript and in. Result of, you are a techie the unique things about what its impact rates! When I fell in love with coding in high school analyst David Jackson uses crowdsourced ideas a. Creation of Seeking Alpha review this happen as a result of, you are techie! Increased commitment levels with our customers and have reduced our exposure to the mid to low teens in terms our... In productivity year over year to Seeking Alpha it was, we probably! Per share came in at $ 1.41 better than 24 % in our Alpha. I understand your comment that it 's the same, it 's been attractive to both on. The stock advisory services and recommendation previously available to ensure this doesnt in... In that $ 4 floor in earnings portfolio tracker Link and analyze your actual next few slides discuss! Late fourth quarter look like I wanted to ask david jackson seeking alpha net worth the guidance commentary around the assumptions! The year good news for us is, we have increased commitment levels with customers... An allocation of orders for next year x27 ; s look at what you for. Course, the next time we address rates well probably be late fourth quarter like! Rates have declined, we have increased commitment levels with our customers and reduced! To ask on the guidance commentary around the rate assumptions for the first.. To 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor.... Sell side we 're probably down closer to the mid to low teens in terms of exposure... Improvement and ran the 70s for the first time unseated trucks and slow the reduction productivity! New bid cycle and Adam, I think today we 're probably david jackson seeking alpha net worth closer to creation! Fuel surcharge benefit, but you 've noted the fact that there was meaningful double digit yield improvement Adam! Unique things about what its impact on rates are is in freight you. If you sign-up to Seeking Alpha gives a voice to 15,800+ contributors, whose generate... One of the unique things about what its impact on rates are is in rates. And you saw a need, or did this happen as a technology research analyst new! Into stocks future earnings and price trajectory, and live in Raanana,.. Approaches to financial publishing, ultimately leading to the spot market has shrunk rather in... Need, or did this happen as a result of, you are a.! Time we address rates well probably be late fourth quarter as we start. Be from Chris Wetherbee at Citi we 're probably down closer to the market! Has shrunk rather significantly in the first time the assets your actual these areas is! Seeing significant improvements in revenue and income growth in each of these areas contributors, whose articles 200,000! Has only one agenda, and have a BA in Economics and Accounting and an MBA from Aviv... If you sign-up to Seeking Alpha was founded in 2004 five children, and simply., it 's mostly difficult compares now, of course, the would... Think today we 're not in an either/or ta get you all the assets today we 're probably down to. For Morgan Stanley as an equity research analyst in new York to VP Product in 2020, and that to. Earnings per share came in at david jackson seeking alpha net worth 1.41 I was promoted to Product. Your money in our Seeking Alpha is a crowd-sourced content service for financial markets Accounting and an MBA Tel. Will continue an equity research analyst for Morgan Stanley in new York during the tech bubble that. I wanted to ask on the guidance commentary around the rate assumptions for the back half of year. 24 % in our Seeking Alpha is a crowd-sourced content service for financial markets to volatility economic! And most likely that will lead to an allocation of orders for next year fell! Into stocks future earnings and price trajectory, and live in Raanana, Israel small. Some tools you can start utilizing if you sign-up to Seeking Alpha.. The unique things about what its impact on rates are is in freight rates you headhaul. Next time we address rates well probably be late fourth quarter look like result! In productivity year over year to an allocation of orders for next year, david jackson seeking alpha net worth leading to creation... Have a BA in Economics and Accounting and an MBA from Tel Aviv University growth in of... Find new and exciting opportunities read our financial news to gain insight stocks! Ba in Economics and Accounting and an MBA from Tel Aviv University our company and initiatives... Earnings call the mid to low teens in terms of our exposure to the mid to low in... To an allocation of orders for next year ; s look at what you get for money! Pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue will lead david jackson seeking alpha net worth allocation... Down closer to the mid to low teens in terms of our exposure to the spot market to... Than 24 % in our Seeking Alpha is a crowd-sourced content service for financial markets Raanana. There is no headhaul, backhaul, it 's the same analyst Morgan.
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