Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. Feb. 18, 2014 -- Investment research website and blogging forum Seeking Alpha is in hot water after an anonymous blogger revealed that billionaire David Einhorn was secretly buying up shares in a tech company. Just to make sure that when we refer to power-only, that's understood. I will now hand it to Adam to finish up with our guidance. Source . But I think sequentially we'd expect rates to be stable. Despite fewer spot opportunities, our logistics load volumes increased 48.2% year-over-year, with our power-only service offering growing 96.7%. So historically, we've said that broader economic GDP demand moves in tens of basis points, but supply seems to swing in the hundreds of basis points. 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. But we're excited about the runway that we have there. So we'll continue to make these adaptations to the new market as we move throughout this year and as we prepare for whatever 2023 might hold, but the guiding principle behind all of this, Jack, is what is most efficient? But I guess, can you help us think about how much of your truckload book right now is spot versus contract? While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. 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. Read More Contact David Jackson's Phone Number and Email Last Update 11/28/2022 5:56 AM Email d***@seekingalpha.com Engage via Email Contact Number Just want to clarify that. 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 then, when you read the article, you can say, oh well this person owns the stock. David Jackson Founder and CEO. And then we talk a lot about sort of trough earnings and what we think we can do and clearly the non-truckload pieces of business are performing. Year-to-date, we have used cash to increase our dividend to shareholders by 20%, repurchased $300 million worth of shares and paid down $86 million in long-term debt and leases. He left in early 2003 to manage money (long/short) and explore new. This conference call and presentation may contain forward-looking statements made by the company that involve risks, assumptions and uncertainties that are difficult to predict. Seeking Alpha has a consumer rating of 3.21 stars from 261 reviews indicating that most customers are generally satisfied with their purchases. I think you alluded to this notion that power-only is really spot only -- spot businesses. And so, we see huge growth opportunities there with what we're doing and partnering with power-only and continuing to execute the way that we have already done with that business. And what that would have been like a year ago? And we believe this approach is very welcoming to other LTL companies who may choose to join the network. It doesn't cost very much more to move it on a truck than it does in intermodal. I have a BA in Behavioral Science from the University of Ben Gurion and an MBA. We continue to invest in our already industry leading trailer network, which grew sequentially by 1,700 trailers to just over 73,000 trailers. Operating income increased by 143.8% as the operating ratio improved from 95% to 89.3%. 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. Following our commentary, we will answer as many questions as possible. Thank you. At the same time, new technologies were creating the possibility of a different approach to equity research, based on crowdsourcing and community. This followed two years as Nices Revenue Accountant. Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. In addition, he makes $2,531,869 as Pres and CEO & Director at Knight-Swift . Recruiting and retaining drivers continues to be a challenge, but we are seeing improvements sequentially in our ability to recruit drivers. Thanks, Ravi. David Jackson, Founder and CEO of Seeking Alpha, explains in this excerpt how and why Seeking Alpha was created. I mean, a lot of these LTL statistics are public. Seeking Alpha. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. Our LTL business showed great improvement and ran the 70s for the first time. I'm David Jackson, founder of Seeking Alpha. 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. I joined Seeking Alpha in 2014. Is Seeking Alpha Worth Subscribing To? I imagine at least partially as a result of fuel and then clearly you had super strong yields there. Seeking Alpha is another excellent premium subscription service. Now on to Slide three. 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. 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. Don't treat them as people who need to be told what to do. Do you think that we're kind of setting up for a fairly sharp fall-off in freight? VP Product. 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. For the quarter, revenue excluding fuel surcharge was $224 million and the adjusted operating income was $47.8 million. Thanks, gents. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? 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? On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. And that simply isn't an option that's available. He earned the money being a professional Saxophonist. My name is Sylvie, and I will be your conference operator today. And so I would say that LTL has got ways to go. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. Our truckload earnings now represent only 61% of earnings, which represents a meaningful shift from where we were in 2017 as noted in the graph when we did the Knight and Swift merger. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. David Jackson's Net Worth: $1-5 Million Age, Height & Body Measurements David Jackson current age 72 years old. 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. 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. Im passionate about building a product that enriches our subscribers lives, and a platform that provides opportunities for our contributors. 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. Thanks, Tom. Book reviews moved to Amazon, right? Our team continues to act with agility and move with the market. 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. Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. I've received three mails on the site in three hours from David Jackson, and the mail says I've been automatically set to follow "some authors with recent articles we think . So that has us thinking that this could feel a little bit more orderly and less of a drop off, just because the supply piece wasn't nearly as -- didn't get nearly as high and is leaving so early. Im married with 7 children and enjoy reading history and science. And now, of course, the challenge would be securing enough credit to do so. If I compare that to last year this time will probably be 20% to 25%. It's not, okay, we're going to put our heart and soul into LTL and we're going to forget about full truckload. And I can say you know, I just want to see the bearish and the very bearish articles on the stock. We are constantly evaluating market conditions to maximize our use of cash to create value for our shareholders. And two LTL partners in different parts of the country beginning to work together. Paul Jelinek. I'm very excited to show it to you, and give it to you right, right? We would refer you to the Risk Factors section of the company's Annual Report for a discussion of the risks that may affect results. I thrive on leading meaningful transactions that bring about transformation and growth. Im married with five children, and live in Raanana, Israel. In fact, the earnings are phenomenal there. 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? Do you foresee a long term ability for that segments OR to ultimately rival your TL segment and to sort of be the driver of your earnings power expansion as we think about future cycles? 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. My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. So yes, Ravi, I think we continue to have more conviction for that trough EPS number. Abby Estikangi-Carmel . So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. Now on Slide 13, we have our second half of 2022 outlook. This makes the plan $39 for the first year, instead of the normal $239. Our adjusted earnings per share came in at $1.41. What we do as a platform is we put every side in front of you so that you can decide for yourself. So that would constrain supply. Each of the brands has its own unique competitive advantages, whether that's based on the region or doing more expedited or in some cases a little longer haul. Terms of Use | Market Data Disclaimer | Privacy | Do not sell my personal information. Is this happening to you frequently? Hey, guys. Treat them as people making their own decisions, and the best way to help people to make their own decisions is to give them both sides of the argument. 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. But we very much like the business. Investors read our financial news to gain insight into stocks future earnings and price trajectory, and to find new and exciting opportunities. Of your truckload book right now is spot versus contract he makes $ 2,531,869 as Pres and CEO amp. The same time, new technologies were creating the possibility of a approach... 143.8 % as the operating ratio improved from 95 % to 25 % Bar Ilan University in Israel and LLM. Already industry leading trailer network, which grew sequentially by 1,700 trailers just. Challenge, but we 're excited about the runway that we have second... 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