consolidated second quarter revenue and earnings results on a year-over-year basis. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? [Operator Instructions] And your first question will be from Jack Atkinson at Stephens. Good afternoon. 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. Thanks. Thank you, sir. And that has come off, probably off 25% or even maybe a little bit more. David Jackson Founder and CEO. And you saw a need, or did this happen as a result of, you are a techie. Next to Slide 11. I am not receiving compensation for it (other than from Seeking Alpha). Labor challenges within the rail network appear to be softening, leading to improved notification times and more consistency for our customers. 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? I love writing, spreadsheets, user experience, and strategy. Actual results may differ. These diversification efforts make us less volatile company and we expect will help us mitigate the downside through truckload freight cycles. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. Mr. Miller, the meeting is now yours. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I bring over 14 years of finance experience to Seeking Alpha, in shaping and leading finance operations and teams. 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. Adam, anything? 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. In addition, he makes $2,531,869 as Pres and CEO & Director at Knight-Swift . But I guess, can you help us think about how much of your truckload book right now is spot versus contract? David Jackson is the founder and CEO of Seeking Alpha. So I think that will, obviously, impact the year-over-year change. So as a result of that, today in the Knight and Swift, nine out of every 10 loads that we haul involves a trailer pool on at least one side, if not both. 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 . David Jackson, Seeking Alpha Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia. Not to speak about just the economics of how it works for a small carrier. And so, as a result of that, when you look at the progress made in LTL, for example, I mean, we're well ahead of schedule there. On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. Seeking Alpha is another excellent premium subscription service. We have discovered several genes that control plant architecture by exerting an influence on stem cells. So that's a little bit of color there. That's very helpful. The enterprise value currently is $1.9 billion, which is a by-product of the significant. We continue to maintain separate brands, while working towards connecting these networks. I joined Seeking Alpha in 2017 as Controller, and was promoted to VP of Finance in April 2021. 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? David Jackson Founder & CEO at Seeking Alpha About David Jackson is the founder of Seeking Alpha. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers. We have three primary objectives in these carrier services. What's your best sense of how this evolves? 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. 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. The stocks with STRONG BUY ratings from Seeking Alpha have increased 1,754% in comparison to the S&P 500%27s 385% increase over the past decade. And so -- and that has been effective in every single cycle since 1980. Seeking Alpha began in 2004 and has its headquarters in New York. Well, we saw 2018 be an unbelievable year when demand really didn't changed much of any between 2017 and even to 2019, but we had this huge surge in 2018 and the huge drop off in 2019, all self-induced because of supply, oversupplying into 2018 and then 2019 became difficult. 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. Click on "link portfolio" to sync your brokerage account by using Plaid. Quality of Research/Analysis: 4.5/5. So for example, you've got the electronic logs. 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. 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. Might be back.might not. Our balance sheet is strong and we are well positioned to invest in organic growth, pursue acquisitions, purchase more shares, increase dividends and/or pay down debt. With Seeking Alpha premium, you can compare seven different stocks at the same time. Slide nine illustrates the strong growth in our businesses that are included in the non-reportable segment. Working closely with our contributor-partners quickly became my passion, and over the years I went on to lead the Contributor Success team and eventually the Contributor and Community Content team. And again, our tax rate is expected to be around 25% for the full year. We appreciate everybody's time today and your interest in our company. 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. Now on Slide 13, we have our second half of 2022 outlook. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. Thanks, Tom. I'd add that, even looking at new equipment, Tom, that still is pressured and trailers really haven't change in terms of the ability of OEMs to deliver new trailers. 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. Or do you think that it's more likely that you kind of have moderation and we kind of get through this without seeing a big cyclical downturn? Previously, David was the Researcher at LinkedIn. Seeking Alpha. 1. But I think sequentially we'd expect rates to be stable. Thank you. So, you don't expect people to be unbiased, right? Volumes in the beginning of the quarter were negatively impacted by longer container and chassis dwell times, as well as inconsistent rail network speeds. 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 so, all indicators are that supply is contracting already as we speak. As I mentioned on the previous slide, our investment in technology has allowed us to seamlessly leverage trailers across over the road fleet -- our over the road fleet, our dedicated operations and logistics business to provide our customers with ample trailer pool capacity. Thank you very much for the time guys. We continue to invest in our already industry leading trailer network, which grew sequentially by 1,700 trailers to just over 73,000 trailers. For the quarter, revenue excluding fuel surcharge was $224 million and the adjusted operating income was $47.8 million. You don't know whether they're a criminal, right? (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. 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. I mean, a lot of these LTL statistics are public. David Jackson's Analysis | Seeking Alpha Unlock your true investor potential with Seeking Alpha Premium today David Jackson Follow Contributor since 2003 5.17K Followers 164 Following. 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 original concept for this platform was for it to be a place where knowledgeable investors could share their insights on investments and compare strategies. So that would constrain supply. I focus on accelerating growth through a mix of strategy, developing and managing enterprise partnerships, and corporate development. And I think we have probably less visibility to the projects or type of surge opportunities we may have in the fourth quarter than we typically do this time. I also love doing and achieving this by working cross functionally internally across a company. No, that's just our employees. So I think all those go to maybe an environment where supply keeps pace, maybe outpaces the changes in demand. Is Seeking Alpha Worth Subscribing To? Well, virtually every one of those factors is not the same and is different this go around. 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. 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. 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.). 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. And for those that are in the queue that we haven't been able to get to your question, feel free to follow-up with us. And that process is well underway already. Thanks for that question, Jack. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. Please go ahead. For example, we now have over 6,000 trailers in our leasing program. The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. Do you see where I clicked in the navigation. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. We have built in there very robust port business that operates differently. Yes. While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. We expect continued decline in non-contract truckload opportunities. 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. Now on to Slide seven. Seeking Alpha New Year's Sale - 83% OFF Seeking Alpha is running a massive 83% discount on their annual premium plan. Now this concludes our prepared remarks. Despite fewer spot opportunities, our logistics load volumes increased 48.2% year-over-year, with our power-only service offering growing 96.7%. Account by using Plaid in New York on a year-over-year basis already leading. Is expected to be softening, leading to improved notification times and more consistency for our customers there! Alpha premium, you can compare seven different stocks at the same time even maybe a little more... 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