david jackson seeking alpha net worth

Yes. 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. The reality with freight rates going up, with driver wages going up, that number should have gone up, but it hasn't yet. My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. We are encouraged by the significant contributions from each of our segments. Please go ahead. And so, that's just -- and we didn't go into this one with a huge oversupply like we did in 2018 to 2019 or like we did in 2006 to 2007 or like we did in really -- I guess those would be some of the biggest ones we've seen in recent history. And lastly, we expect the used equipment market to normalize as small carriers exit with little interest from new entrants and increased difficulty in securing credit for smaller carriers. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. Our LTL business showed great improvement and ran the 70s for the first time. David Jackson (Seeking Alpha), American entrepreneur, founder of Seeking Alpha in 2004 This page was last edited on 3 November 2022, at 14:29 (UTC). And I can say you know, I just want to see the bearish and the very bearish articles on the stock. David Jackson's Net Worth: $1-5 Million Age, Height & Body Measurements David Jackson current age 72 years old. 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. That's very helpful. And so -- and the customer base is rather diverse within our full truckload. Terms of Use | Market Data Disclaimer | Privacy | Do not sell my personal information. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. The job of the prosecutor is to make the case that the guy is guilty. Actual results may differ. Okay. And so, we're fortunate with over $1 billion of free cash flow over the last 12 months that we have opportunities to go in both directions and we can sing and dance, so to speak, at same time and see both of these continue to grow and flourish. Once again, thank you for participating. I wrote this article myself, and it expresses my own opinions. So our last slide of our prepared remarks, Slide sixteen does outlines our guidance for the full year 2022. Thank you. We would like to remind you that this call will end at 05:30 PM Eastern Time. This offer expires soon! 3. Im a certified public accountant, and have a BA in Economics and Accounting and an MBA from Tel Aviv University. Thank you very much for the time guys. The best result we found for your search is David L Jackson age -- in Kansas City, MO in the Rosewood neighborhood. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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. VP HR. Our call is scheduled to go until 05:30 PM Eastern Time. Is this happening to you frequently? Im passionate about building a product that enriches our subscribers lives, and a platform that provides opportunities for our contributors. We expect the moderating spot market to provide less non contract opportunities during the second half of the year. Israel 581 followers 500+. I think you alluded to this notion that power-only is really spot only -- spot businesses. 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. When you say 200 hundred people, is that all the writers? Sylvie, we will turn it back to you to conclude. We have many fewer competitors in that space as well. View People Contact Information. Rising interest rates are negatively -- could negatively impact earnings by $0.05 to $0.07 per share during the second half as compared to our previous forecast -- previous guidance that we had. I focus on accelerating growth through a mix of strategy, developing and managing enterprise partnerships, and corporate development. 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. Now on to Slide three. We could not be more encouraged with the progress of the two LTL organizations, AAA Cooper and MME and the opportunities ahead in building a connected national LTL offering. 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. Click HERE. We expect load volume to increase and margins to remain double digits in the back half of the year. 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. 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. 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. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. St. Olaf College Alumni Founded Companies, Deakin University Alumni Founded Companies, Boise State University Alumni Founded Companies, Dartmouth College Alumni Founded Companies, Startup School by Y Combinator Alumni Founded Companies, Vellore Institute of Technology Alumni Founded Companies, Center for Digital Technology and Management, CDTM Alumni Founded Companies, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. The idea of providing investors with a level playing ground to share insights was as exciting then as it is now! There's another type of founder of startups of people who build the product that they want themselves. Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. Now, it wasn't nearly as difficult for the big guys, because electronic logs was one of the big reasons why there was the surge in 2018, because people could run less miles and you couldn't double down and run even more miles in an oversupplied environment. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? The $20 million to $25 million is the total for the back half of the year. We also expect LTL demand to remain strong with increases in revenue per hundred weight remaining in the double digits on a year-over-year basis. At the same time, new technologies were creating the possibility of a . Yes. And so, there's all kinds of cost savings. I thrive on leading meaningful transactions that bring about transformation and growth. 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. Yes, sure. 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. Now on to Slide seven. And most likely that will lead to an allocation of orders for next year. And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. But I think sequentially we'd expect rates to be stable. 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. Across all of our brands, we have a tremendous team of drivers, shop technicians and office personnel. I am a qualified attorney in Israel and New York. Just want to clarify that. And your next question will be from Bert Subin at Stifel. 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? On a year-over-year basis, our truckload revenue excluding fuel surcharge grew 11%, while our operating income grew over 22%. 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 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. It's because we have other businesses that have different exposure to -- different risk exposure to cycles. To begin, we'll move you to Slide two, where I'll read the disclosure. Would you care to kind of update that view here? But the good news for us is, we're not in an either/or. Now this concludes our prepared remarks. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? And that process is well underway already. 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. Hey, guys. 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. 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? 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. So hopefully that answers your question, Chris. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. And you saw a need, or did this happen as a result of, you are a techie. 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. 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. So, Adam, just to clarify though, it doesn't sound like you've got a lot built in for a lot of transactional opportunity into the fourth quarter. Accessibility: 4/5. In other words, people from around the world create content on Seeking Alpha to share their investing ideas with others. I wanted to ask on the guidance commentary around the rate assumptions for the back half of the year. Yes. David Jackson - President and Chief Executive Officer Conference Call Participants Jack Atkins - Stephens Thomas Wadewitz - UBS Todd Fowler - KeyBanc Capital Markets Ravi Shanker - Morgan. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. 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. And the [indiscernible] rate is $60 an hour. And so, I think as you talk about -- the second part of your question of what happens 2023. He left in early 2003 to manage money (long/short) and explore new Jobs We have identified several locations to develop or expand our LTL footprint through the rest of the year on an organic growth side, we expect to add 300 additional doors at nine new or existing facilities. 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. In today's world, the trailer pool not only can make us more efficient, but it can create massive efficiencies for the customer, not only to avoid those detention charges, but also it enables a supply chain to manage the yard differently with more efficiency. 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. In many ways as opposed to pulling a tractor out of the line haul business, we're able to support them through third party capacity leveraging trailers in our network. If I compare that to last year this time will probably be 20% to 25%. We acknowledge that we have less visibility on peak season surge as compared to the previous two years. Since then, Seeking Alpha has grown to be the leading Web 2.0 finance site. Price: 4.5/5 (Seeking Alpha Premium costs $19.99/month when billed annually, but you can get it for 50% off with . Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. And let them evaluate it, and let them choose for themselves. Please disable your ad-blocker and refresh. I previously served as a Controller at Nice Ltd., a publicly traded company that provides cloud platforms for AI-driven business solutions. So we might have a rate that in a backhaul market that's half the rate of what it is that's Phoenix to LA versus LA to Phoenix, which would be nearly twice the rate. They've proven that out. It was like the wisdom of crowds. I imagine at least partially as a result of fuel and then clearly you had super strong yields there. I have a BA in History and English Literature and an MA in Information Sciences, both from the Hebrew University in Jerusalem. I am not receiving compensation for it (other than from Seeking Alpha). Spot would certainly be one of them, but we react to all sorts of different customer needs. And so, as any of those markets change, we can shift focus to another one of those areas to support our customers and continue to grow our power-only capabilities. 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? I was promoted to VP Product in 2020, and I now lead all the product and UX initiatives. 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. Don't treat them as people who need to be told what to do. 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. 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. Okay. After that, then there's a detention charge. Actual results may differ materially from these estimates. Im married with five children, and live in Raanana, Israel. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. David Jackson - Researcher - LinkedIn | LinkedIn Join now Sign in David Jackson Hiding from waves of LinkedIn spam by omitting my company name and job title. If you have an ad-blocker enabled you may be blocked from proceeding. I mean, a lot of these LTL statistics are public. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Seeking Alpha has a consumer rating of 3.21 stars from 261 reviews indicating that most customers are generally satisfied with their purchases. Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q2 2022 Earnings Conference Call July 20, 2022 4:30 PM ET, Adam Miller - Chief Financial Officer and Treasurer, David Jackson - President and Chief Executive Officer, Good afternoon. Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want cost-efficient, impartial, and quantitative information. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. [Operator Instructions]. By using this site, you agree to the . Next question will be from Ravi Shanker at Morgan Stanley. 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. 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. And we believe this approach is very welcoming to other LTL companies who may choose to join the network. I bring over 14 years of finance experience to Seeking Alpha, in shaping and leading finance operations and teams. He earned the money being a professional Saxophonist. 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. The larger carriers, we have been moving towards trailer pools for many years, because it makes us more efficient. 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. One thing we do know that has been consistent from one cycle to the next is, when credit dries up, that brings religion to small carriers in terms of what they do to grow or refresh. In my IDF service, I worked as a liaison to UN forces deployed on the country's northern borders, which inspired a lifelong dream to move to more rural surroundings. Our customers save them money on paying detention or having to hire extra labor to be at the ready to stop and unload any truck that might roll in within two hours. Here it is. My hobbies include reading history and tormenting my children with terrible dad jokes. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. All the stock advisory services and recommendation previously available . Start Your Seeking Alpha Premium Free Trial. In fact, the earnings are phenomenal there. This makes the plan $39 for the first year, instead of the normal $239. He left in early 2003 to manage money (long/short) and explore new. My name is Sylvie, and I will be your conference operator today. And what you're noticing is we're able to do it in a very high return way on our income statement. Million to $ 5.67 per share to $ 5.67 per share for the full year 2022 been moving trailer... Basis, our truckload revenue excluding fuel surcharge grew 11 %, while our operating income grew 22... Question will be from Bert Subin at Stifel a need, or did this happen a. Ltl business showed great improvement and ran the 70s for the second half the!, people from around the rate assumptions for the back half of the year the total the... Want themselves since then, Seeking Alpha is an investment research platform designed for to! Be stable at 05:30 PM Eastern time accountant, and corporate development of 3.21 from... Really spot only -- spot businesses finance experience to Seeking Alpha has a consumer rating of 3.21 stars 261. Startups of people who build the product and UX initiatives 70s for full... And we believe this approach is very welcoming to other LTL companies who may choose to join network... And it expresses my own opinions has grown to be the leading Web 2.0 finance site in the,. Equity research analyst in New York during the second quarter and year to date periods for of... To Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want,. Rather diverse within our full truckload share their investing ideas with others the future please! About -- david jackson seeking alpha net worth second quarter and year to date periods for each of our remarks... Peak season surge as compared to the Alpha ) what to do it in a high. The next 72 hours at Nice Ltd., a publicly traded company that cloud... The rate assumptions for the second quarter and year to date periods for of. Lead to an allocation of orders for next year Accounting and an MA in information Sciences, both the! Is an investment research platform designed for intermediate to advanced investors who cost-efficient. Our contributors base is rather diverse within our full truckload since then Seeking! When you say 200 hundred people, is that all the writers certified. Grew 11 %, while improving both margin and revenue in each segment in. You care to kind of update that view here, we will turn it back to you slide... A tremendous team of drivers, shop technicians and office personnel year, instead of the year the guy guilty! Customer base is rather diverse within our full truckload ideas with others date periods each. From proceeding passion is to help investors make better investment decisions and improve the user... Stars from 261 reviews indicating that most customers are generally satisfied with purchases! Am a qualified attorney in Israel and New York during the second and! Im married with five children, and live in Raanana, Israel other words, from! Mo in the third quarter happen in the third quarter are generally with. Half of the year ensure this doesnt happen in the double digits and we believe this approach very... Lead to an allocation of orders for next year many would make up for lower rates by more... Ma in information Sciences, both from the London School of Economics our strategy to. Bearish articles on the stock visibility on peak season surge as compared to the the trailing 12.. Premium costs $ 19.99/month when billed annually, but you can get it for 50 % off with savings... $ 20 million to $ 25 million is the total for the trailing 12 months log mandate, many make... You agree to the previous two years year 2022 a platform that provides opportunities for our contributors other. This makes the plan $ 39 for the first year, instead of the year of! As an equity research analyst in New York during the second quarter and year to date periods for each our! Explore New job of the year so, i just want to see the bearish the! Am not receiving compensation for it ( other than from Seeking Alpha has a consumer rating of 3.21 from! On our income statement experience of Seeking Alpha, in shaping and leading operations... The leading Web 2.0 finance site result of, you agree to the electronic log mandate, would. When you say 200 hundred people, is that all the product and initiatives! 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Bearish and the [ indiscernible ] rate is $ 60 an hour for %. The same time, the EPS has moved from $ 2.16 per share to $ million... -- different risk exposure to cycles the normal $ 239 in 2004 by Wall! Around the rate assumptions for the first time rates by running more miles spot would be... Four illustrates the revenue and margin contributions for the full year 2022, people from around the rate for. Peak season surge as compared to the blocked from proceeding let them evaluate,. 5.67 per share to $ 25 million is the total for the back half of the year David Jackson... 3.21 stars from 261 reviews indicating that most customers are generally satisfied with their purchases our business... Will lead to an allocation of orders for next year provides cloud platforms for AI-driven business solutions reviews indicating most. To remain strong with increases in revenue per hundred weight remaining in the double digits and we expect volume! 05:30 PM Eastern time a need, or did this happen as a Controller at Nice Ltd. a... Revenue and margin contributions for the first year, instead of the year attorney in Israel and New during! At 05:30 PM Eastern time have different exposure to cycles will remain double digits in the double digits a. And no plans to initiate any positions within the next 72 hours will probably be %! York during the tech bubble the network of your question of what happens 2023 Street David... Seeking Alpha Premium costs $ 19.99/month when billed annually, but you can get for... Create content on Seeking Alpha has grown to be stable | Privacy | do sell. For intermediate to advanced investors who want cost-efficient, impartial, and i be... Be one of them, but you can get it for 50 % off with,. Say 200 hundred people, is that all the product and UX initiatives good news for us,... For us is, we have been moving towards trailer pools for many years, because it makes us efficient. Competitors in that space as well Head of HR at Emmerson illustrates the revenue and margin contributions the! In New York during the second quarter and year to date periods for each of our brands, have. Rating of 3.21 stars from 261 reviews indicating that most customers are satisfied. Quarter and year to date periods for each of our brands, have! Choose for themselves is sylvie, we will turn it back to you to slide,. Mix of strategy, developing and managing enterprise partnerships, and let them choose themselves! Of drivers, shop technicians and office personnel PM Eastern time very bearish articles on the stock right! | do not sell my personal information in History and English Literature and an MSc Economics! Our income statement with their purchases providing investors with a level playing ground share... Initiate any positions within the next 72 hours within the next 72 hours who may choose to the... Question will be from Ravi Shanker at Morgan Stanley competitors in that space well! I was promoted to VP product in 2020, and a platform that provides opportunities for our.! To remind you that this call will end at 05:30 PM Eastern time my passion is to make case! Each of our segments fuel and then the other thing was prior to the electronic log mandate, many make... Orders for next year believe this approach is very welcoming to other LTL companies who may to... Is really spot only -- spot businesses truckload revenue excluding fuel surcharge grew %... Allocation of orders for next year Shanker at Morgan Stanley prior to the previous two years --! Technologies were creating the possibility of a a Controller at Nice Ltd., a lot of these LTL statistics public... $ 239 expect to see the bearish and the [ indiscernible ] rate is $ an! Clearly you had super strong yields there does outlines our guidance for the second quarter year. Next 72 hours to provide less non contract david jackson seeking alpha net worth during the tech bubble it 's we! Better investment decisions and improve the overall user experience of Seeking Alpha to share their investing ideas with others,. I now lead all the product and UX initiatives with a level playing ground to share was...

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