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. Yes. CTO & COO. Please. And we've been able to continue to have very, very strong volumes there. To begin, we'll move you to Slide two, where I'll read the disclosure. When you say 200 hundred people, is that all the writers? And two LTL partners in different parts of the country beginning to work together. We acknowledge that we have less visibility on peak season surge as compared to the previous two years. With Seeking Alpha premium, you can compare seven different stocks at the same time. Status All 0 Opened Unmarked 0 Active 0 Under review . Of course, they're biased! Tractors, very similar. And I think that's why we like this as a nice complement to our core business. 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. What Is Seeking Alpha. And again, our tax rate is expected to be around 25% for the full year. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. Im now Seeking Alphas Chief Technology Officer. 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. At the same time, new technologies were creating the possibility of a . 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. We're pleased to report meaningful contributions in earnings from each area as noted on the graph. Please go ahead. I am not receiving compensation for it (other than from Seeking Alpha). We would like to remind you that this call will end at 05:30 PM Eastern Time. Seeking Alpha is a crowd-sourced content service for financial markets. Overview. David Ganek: Delivering Alpha Unfiltered. We have made meaningful progress in expanding margins as we monetize our underutilized containers, while we are transitioning rail partners. Yeah. Half the team is in Israel and half in Ukraine. I'm going to start a company there and they do it over and over again, right? I mean we've essentially gone through the bid cycle. Source . The intermodal results are included on Slide eight. We expect other revenue and income to grow when compared to prior years, as outlined on Slide nine of this presentation. And of course, when you run more miles, you create even more supply in a time where it was already oversupplied and that's where the non-asset based broker would come in and aggregate, if you will, all of these small carriers and try and bundle that as a discount in rate and they would further drive rate down. 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. We expect the moderating spot market to provide less non contract opportunities during the second half of the year. Investors read our financial news to gain insight into stocks future earnings and price trajectory, and to find new and exciting opportunities. Seeking Alpha has a consumer rating of 3.21 stars from 261 reviews indicating that most customers are generally satisfied with their purchases. As Dave mentioned, we expect to feel inflationary pressures from driver expenses, maintenance of equipment and non-driving labor, that will continue. So for example, you've got the electronic logs. 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. And so the nature of the freight we haul tends to end up in the grocery store -- tends to end up in a place that's somewhat resilient through cycles. The chart on the left shows the percentage of adjusted operating income from each of our segments and our other non-reportable services since the Knight and Swift merger in 2017 through second quarter of 2022. Please go ahead. These results reflect our focus on; one, growing our less asset intensive businesses; two, acquiring and improving businesses; and three, expanding margins in existing operations. DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) 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. David Jackson. Service 42. Schedulers may also want to investigate driving predecessors and successors. The job of the defendant is to make the case that their person is innocent. Click on "link portfolio" to sync your brokerage account by using Plaid. And then really leveraging dedicated surge and leveraging power-only to help our dedicated business when we have customers who surge beyond the capacity we've committed to them. And it sounds like maybe even an expectation that rates will be somewhat stable sequentially. The best result we found for your search is David L Jackson age -- in Kansas City, MO in the Rosewood neighborhood. We will get to one question per participant. 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. And a lot of that had to do with the fact that the LTL network is so sophisticated, it takes so much upfront to set up and has so much stability once it is set up to carve OR points there feels more difficult than it is in an irregular route full truckload world. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. 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. 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 disable your ad-blocker and refresh. I guess, the takeaway, I guess, I'm getting to some extent is, it feels like maybe this, I guess, every cycle is different and certainly Dave you made a good point about why this might be different than previous cycles. VP Product. And so I realized, as I saw all of this content starting to be published on the web. I am not receiving compensation for it (other than from Seeking Alpha). 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. Hey, great. Or, is short the stock, and that's fine. Each reportable segment grew revenue double digits and expanded margins, which ultimately led to a 49.1% increase in revenue and a 66.1% increase in adjusted operating income on a consolidated basis. Founder and CEO. You have to have meaningful scale of trailers and you have to have them scattered all over the country like we do. My practice focuses on M&As, IPOs, securities laws and commercial transactions, as well as daily consultation to all companys stakeholders. 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. So that would constrain supply. 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. Please go ahead. Customers continue -- we expect that customers will continue to secure trailer pools as they maximize efficiencies in their supply chains. So still well above where normally we were, but there has been a huge falloff in buyers and people are willing to do that. This guy is bearish on Facebook, right? And so, within our truckload, we have taken a multitude of steps for that business to be de risked and to endure well the cycles on top of all the extemporaneous income streams. Thank you. So, let me, just for fun now, I'm gonna screenshare. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. Good afternoon. VP HR. Did this happen because you are an investor? 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. It is not the same to have one truck and one driver show up that have to be unloaded immediately versus somebody who staged hundreds of trailers at a customer facility and give them all kinds of efficiencies. You don't know whether they're a criminal, right? Working at Taboola reinforced my desire to continue doing what I love professionally but also if possible with an Israeli company. I believe that technology innovation by brilliant minds leads to awesome user experience. Okay. For the past 15 years I have been representing private and publicly traded international corporations across all industries. Is this happening to you frequently? Freight demand followed normal seasonal trends, but was generally strong throughout the quarter. Capacity is clearly under pressure. So Chris, what we -- I think what we would say is, based on 2019 as our most recent example of a down cycle, we saw contract rates hold in there significantly better than broader rates, right? This connection is encrypted and private since your credentials will never be made visible to Seeking Alpha. And so, small trucking companies, it was a huge boom to them even though a lot of the country was shut down due to COVID, they had this huge lifeline that kept them along. Next question will be from Chris Wetherbee at Citi. We get a glimpse into that and the fact that the spot market has shrunk rather significantly in the first half of this year. And Adam, I understand your comment that it's mostly difficult compares. Actual results may differ materially from these estimates. Terms of Use | Market Data Disclaimer | Privacy | Do not sell my personal information. Im passionate about building a product that enriches our subscribers lives, and a platform that provides opportunities for our contributors. These estimates represent management's best estimates based on current information available. We expect tractor count to remain stable throughout the year with maybe a modest sequential improvement in the miles per tractor as we improve our seeded truck count. But for the jury there the whole system ends up being really unbiased, and so that's the philosophy of Seeking Alpha. Which is, you don't have a judge who stands up and says, "here's whether I think this person is guilty or innocent." Good afternoon, Dave. To achieve a 78.7% OR just one year after the acquisition, while also adding MME to the business is remarkable in our opinion. 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. 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? Paul Jelinek. You know if you say, are they biased? 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. So by the way, I think that's a great question for us to discuss. Or, is it? We expect continued decline in non-contract truckload opportunities. 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. We love doing a regular route full truckload. 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. So that's a little bit of color there. 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. I guess I want to get your sense of how you think that sort of retracement on the contract side could look relative to previous cycles given everything that you said so far? 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. Im an experienced HR executive with over 18 years of experience in leading global HR teams across multiple business units. and industry experts (buy side) rather than sell side. 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. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. Since the 2017 Swift merger, we have invested $1.6 billion in acquisitions, making acquisitions remains a high priority for us. 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 . consolidated second quarter revenue and earnings results on a year-over-year basis. I need to understand how this happened. Across all of our brands, we have a tremendous team of drivers, shop technicians and office personnel. We believe our focus in these three key areas leverages our core competencies in areas of opportunity that are unique to us that will allow us to continue to generate significant returns to our shareholders. I love professionally but also if possible with an Israeli company and 's... At the same time and we 've essentially gone through the bid cycle will -- can! 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