All lines have been placed on mute to prevent any background noise. Thank you, Adam, and good afternoon, everybody. Next question will be from Chris Wetherbee at Citi. 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. We want people who own stocks to write articles explaining why they own the stock. Next to Slide 11. And when I think about rate sequentially, I think the one wildcard is what does the fourth quarter look like. Please. So I guess my question really centers around your power-only and logistics offering. This is a result of a more difficult comparison rather than rates meaningfully declining sequentially. Following our commentary, we will answer as many questions as possible. 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? But for the jury there the whole system ends up being really unbiased, and so that's the philosophy of Seeking Alpha. It's a huge discount that they only run once a year. For example, we now have over 6,000 trailers in our leasing program. And then, as you look out into 2023, do you think that that's a business line that can grow in terms of volume even in a much more challenging freight market if that's what we end up seeing? During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. View People Contact Information. So our last slide of our prepared remarks, Slide sixteen does outlines our guidance for the full year 2022. DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) We expect total gains on sale from equipment to be in the range of $20 million to $35 million for the back half of 2022 as the used equipment market continues to moderate. And what that would have been like a year ago? Thanks, Ravi. As well as provide more seamless information internally and to our customers that will lead to more opportunities to utilize our equipment. We have discovered several genes that control plant architecture by exerting an influence on stem cells. Just want to clarify that. 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. Is this happening to you frequently? Or is this just not the right way to think about at this time? On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. My Seeking Alpha journey began in 2006 as an article editor, recruited by our first Editor in Chief whose enthusiasm for Seeking Alpha was infectious. These estimates represent management's best estimates based on current information available. 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. 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 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 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. I am passionate about building and scaling businesses. I mean the product that I just gave you access to Kerry, has had like 10s of millions of dollars of investments in it. 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. And just to clarify, we're saying $20 million to $25, we're not seeing $20 million to $25 million per quarter. I joined Seeking Alpha in 2014. I started Seeking Alpha after working for five years as a technology research analyst for Morgan Stanley in New York. Prior to that, I worked at an international department of a leading law firm counseling a range of tech companies and venture capital funds. Good afternoon. 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. And what you're noticing is we're able to do it in a very high return way on our income statement. Actual results may differ. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. I mean we've essentially gone through the bid cycle. And we've been able to continue to have very, very strong volumes there. Seeking Alpha focuses on stock investing. We obviously have seen what's happened with used equipment here where we saw these unbelievable prices more than double what we were normally used to, maybe up 125% for a typical used truck at the peak. Logistics revenue per load will moderate sequentially, but will be -- but will be more than offset with increased load volumes and most likely operates with an operating ratio in the mid to high 80s. . Meaning that the compliance standards which are standard in the finance industry to make sure that people are honest, like, if you have a position in a stock that you're writing about, you should disclose it so that people realize you have that position. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. Our team continues to act with agility and move with the market. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. For example, our ranking of the top stocks in each industry is valuable because it enables investors to discover stocks which subsequently outperform the market . And you saw a need, or did this happen as a result of, you are a techie. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. Now on to Slide three. You don't know whether they're a criminal, right? And so -- and that has been effective in every single cycle since 1980. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. There are thousands of contributors. And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. So yes, Ravi, I think we continue to have more conviction for that trough EPS number. So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. 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. David Jackson is the founder and CEO of Seeking Alpha. 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. What's your best sense of how this evolves? The broader rates look like, peak to trough were down 50%, where contract during that same peak to trough were down 5%. Previously, David was the Researcher at LinkedIn. 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. Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. And so, all indicators are that supply is contracting already as we speak. Just to make sure that when we refer to power-only, that's understood. Operating income increased by 143.8% as the operating ratio improved from 95% to 89.3%. The loss reduced both the GAAP earnings per diluted share and the adjusted earnings per share by $0.16. I live in New York City with my wife and daughter and have many outside passions including classical music, collecting photography, adventure travel and playing numerous sports. 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. He is from England. 2. The industry norms since electronic logs were mandated and enforcement began in early part of 2018 the industry standard is that you get two hours. We expect the moderating spot market to provide less non contract opportunities during the second half of the year. Would you care to kind of update that view here? Recruiting and retaining drivers continues to be a challenge, but we are seeing improvements sequentially in our ability to recruit drivers. 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.). Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. The best result we found for your search is David L Jackson age -- in Kansas City, MO in the Rosewood neighborhood. Im also a strong believer in remote working, as a way to enable both career success and other life goals, so many members of our team work from home. That gets us very excited. 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. During the quarter, revenue per tractor grew 11.1%, driven by a 21.2% increase in revenue per loaded mile and a 6.6% decrease in miles per tractor. Not to speak about just the economics of how it works for a small carrier. I have done a version of my current role at other traditional media companies (A&E Television Networks, Viacom/Nickelodeon and Discovery Communications) and more importantly at Taboola where I was a senior executive for over seven years prior to joining Seeking Alpha. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. So just a difficult comp from a year ago. And it sounds like maybe even an expectation that rates will be somewhat stable sequentially. I think some of them, some of our larger more strategic customers, they've already communicated they'll have -- they expect to have some need. Our site is the only free, online source for over . Seeking Alpha began in 2004 and has its headquarters in New York. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. Please go ahead. Price: 4.5/5 (Seeking Alpha Premium costs $19.99/month when billed annually, but you can get it for 50% off with . 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. Where Is the contrary opinion? 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. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers. Technology has been a meaningful factor in how we've been able to not only significantly grow our logistics business, but do so while expanding margins. We are encouraged by the significant contributions from each of our segments. The job of the prosecutor is to make the case that the guy is guilty. 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. Kind of any helpful on where that floor is would be helpful. So that's a little bit of color there. you'll find enjoyable and useful: Wall Street Breakfast -- our daily news summary; Seeking Alpha Editors' Picks -- a daily list of 5 outstanding articles; SA Interviews . I appreciate it. And so, because it's so punitive and prior to the electronic log mandate just a few years ago, it was not enforced and carriers just absorb that. Thanks, Tom. Premium Portfolio Our stock coverage is wider and deeper than any other. That might sound like a really obvious thing, because, for example, that's the way the whole legal system in America and Western countries work, right? Chris, we're going to answer this in record time, because we're down to -- we're about out of time right now. Now on to Slide six. Knight-Swift Transportation Holdings Inc. (KNX). Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. The nurturing of so-called community with free content and social media aspects built site participation and popularity. And we still see some of that today even when supply is a little bit looser. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. We also expect inflationary pressure on driver related cost, equipment costs, cost to maintain equipment, labor and several other items. Which Task has which predecessors and who is going to work on which Task. I'm David Jackson, founder of Seeking Alpha. 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. Thank you, sir. We have slides to accompany this call that are posted on our investor website. Okay. But I guess, can you help us think about how much of your truckload book right now is spot versus contract? And so, there's all kinds of cost savings. Seeking Alpha fut fonde en 2004 par David Jackson. As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. Tractors, very similar. So by the way, I think that's a great question for us to discuss. Thank you. Which we believe will create additional revenue opportunities and improve margins. And so, I think that that has led usthat has led us to have some more consistency and then a little bit more durable through even the 2019 negative cycle. You don't know how reliable somebody is. I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. There really isn't much that we haven't hit from our larger customers. And so, every quarter that goes by between now and whenever the bottom of a cycle is, yes, we feel better and better about the trough that that floor continues to rise. 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. And then, suddenly, restaurant reviews moved to Yelp. Investors are directed to the information contained in item 1A Risk Factors or 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. But I think sequentially we'd expect rates to be stable. To begin, we'll move you to Slide two, where I'll read the disclosure. He left in early 2003 to manage money (long/short) and explore new Jobs I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. And on the last call, you said that in a trough scenario it was difficult to envision EPS below $4, and I'm sort of paraphrasing here. Third party carriers prefer power-only business because it saves them hours at each load and unload location, lowers their capital investment and risk, reduces their operating costs and gives them access to freight that historically wouldn't be able to participate in. I joined Seeking Alpha in June 2021. 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. That's their job to be biased. Seeking Alpha. It is carefully vetted by in-house editors, then read and debated by millions of people. 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. Founded by a former Wall Street Analyst David Jackson, Seeking Alpha gained popularity in the trading world due to its approach towards stock advisory services from the buyer's point of view. Thanks, Dave. Actual results may differ. Avishag Baruch. Thank you. Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. Our LTL business showed great improvement and ran the 70s for the first time. Or, is it? We expect load volume to increase and margins to remain double digits in the back half of the 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. My career started when I fell in love with coding in high school. We love doing a regular route full truckload. All the stock advisory services and recommendation previously available . David Jackson. So, you don't expect people to be unbiased, right? 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. 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. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. Please go ahead. I understand there's a lot of variability, but right now in the current guidance, it doesn't sound like you've got a big fourth quarter planned right now? Thank you, Adam, and good afternoon, everybody the 70s for the first time works for a carrier. Seeing improvements sequentially in our ability to recruit drivers on current information available small carrier 50! 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