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. The chart on the right highlights the percentage of revenue during the second quarter of 2022 from each of our four segments, as well as the percentage of revenue from our other services, which include our rapidly growing insurance, equipment and maintenance, equipment leasing and warehouse services. 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. Thank you. 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. We continue to invest in our already industry leading trailer network, which grew sequentially by 1,700 trailers to just over 73,000 trailers. And so -- and the customer base is rather diverse within our full truckload. We've got 200 employees, and thousands of contributors. But the good news for us is, we're not in an either/or. The Seeking Alpha Premium service portfolio linking feature allows you to connect your brokerage account with your Seeking Alpha account. David Jackson; Topics Type All 0 Ideas 0 Questions 0 Bugs 0 Praises 0 Announcements 0. 3. 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. Fabolous was born John David Jackson on November 18, 1977 and is of Dominican and African-American descent. 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. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? Live from New. 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. We will answer as many questions as time allows. 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. Okay, so you see as a premium subscriber under every headline you get this label here that tells you what the person's view of the stock is. Im married with five children, and live in Raanana, Israel. Despite fewer spot opportunities, our logistics load volumes increased 48.2% year-over-year, with our power-only service offering growing 96.7%. The nurturing of so-called community with free content and social media aspects built site participation and popularity. Please go ahead. This non-reportable segment hasn't been a great focus of analysts or investors over the years, but it is now building as one of our fastest growing segments. My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. That's where the most value is created in the supply chain. Well, virtually every one of those factors is not the same and is different this go around. 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. CCO. Additionally, we continue to make investments in the growth of this business and added 450 containers in the second quarter and plan to add an additional 1,500 throughout the rest of the year. Following our commentary, we will answer as many questions as possible. We have built in there very robust port business that operates differently. There's many ways that we approach power-only with our customers. It's been largely abandoned by the industry, because it's not -- I mean, it's a bit chaotic and to do it right takes a lot of work. Thanks. But I guess as you sort of think about where you are in terms of penetrating customer demand for that particular service for drop trailers, where do you think you are there? 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. The idea of providing investors with a level playing ground to share insights was as exciting then as it is now! As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. 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. David Jackson Chief Executive Officer at Seeking Alpha David Jackson is the Chief Executive Officer at Seeking Alpha based in New York, New York. Actual results may differ. 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. These increases in revenue and earnings is from our overall strategy to develop essential services for third party carriers. And I think a classic example to that would be, just look at the first half of this year. Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. Capacity is clearly under pressure. This may result in rates turning negative year-over-year late in the third quarter and continuing into the fourth quarter. David Ganek: Delivering Alpha Unfiltered. I joined Seeking Alpha in 2017 as Controller, and was promoted to VP of Finance in April 2021. This makes the plan $39 for the first year, instead of the normal $239. Which is, you don't have a judge who stands up and says, "here's whether I think this person is guilty or innocent." 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. The enterprise value currently is $1.9 billion, which is a by-product of the significant. We very much like a 78.7% operating ratio. Did this happen because you are an investor? When AAA Cooper joined the KNX family last year, one of our stated goals was to improve the OR performance from the high 80s to the mid-80s over a three year period. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. [Operator Instructions]. We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. David Ganek is a man on a mission, a hedge funder who believes he was wronged by an overzealous prosecutor who raided his offices in 2010 and charged the . And a case could be made with the kind of the mismatched inventories in many cases that are out there, the lack of warehouse space, the tremendous need for trailers that going into this cycle, there's probably even more value on the nationwide trailer network. 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. 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. David Jackson, Seeking Alpha's founder, recently directed readers to an article titled "New Highs, New Lows, Yield Greed" by David Merkel that he felt was important, and that subsequently generated a lively comment thread. Operating income increased by 143.8% as the operating ratio improved from 95% to 89.3%. 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? Yes, I would tell you that every quarter that goes by that we continue to see improvement in margins, improvement in revenue, it gives us more conviction for a higher and higher trough. 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. Good afternoon. Please. Well, detention charges, they don't care. Source . And most likely that will lead to an allocation of orders for next year. 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. For example, we now have over 6,000 trailers in our leasing program. Great. Status All 0 Opened Unmarked 0 Active 0 Under review . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Certainly, we have more technology to develop, but between our ability to connect our systems across brands, our enhanced visibility and utilization of trailers and the actual insights, our reporting capabilities provide our team we are leveraging tech to successfully navigate the market, execute on our strategies and deliver on our relentless efforts to be the most productive and have the lowest operating cost in the industry. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. And what you're noticing is we're able to do it in a very high return way on our income statement. Text is available under the Creative Commons Attribution-ShareAlike License 3.0; additional terms may apply. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. 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 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. But I think sequentially we'd expect rates to be stable. Yes. Thank you, Sylvie. We found tremendous interest in our offerings from third party carriers that are interested in purchasing insurance and maintaining their equipment in our nationwide shop network or leasing equipment and leveraging our buying power to purchase fuel. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. David Jackson. Dave and Adam, you guys have seen a lot of freight cycles, you have a lot of great perspective, not to mention all the information you see from your businesses. Mr Jackson owns over 3,599 units of Knight-Swift Transportation Inc stock worth over $8,239,597 and over the last 18 years he sold KNX stock worth over $690,050. You have a jury who listens to both sides of the case, always. Well, that's completely unacceptable and would never work within supply chains. Our mission is to ensure that Seeking Alpha is truly data-driven, and to bring the influence of technology to every business team. More recently, we have demonstrated our ability to improve the logistics business and tap into synergies between truckload and LTL. I started Seeking Alpha after working for five years as a technology research analyst for Morgan Stanley in New York. What we do as a platform is we put every side in front of you so that you can decide for yourself. 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. We're pleased to report meaningful contributions in earnings from each area as noted on the graph. So we have that going on as a backdrop that is different than any cycle prior to 2018. 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? 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. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. Our commentary, we have demonstrated our ability to improve the overall user experience of Seeking Alpha truly! 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