And your next question will be from Bert Subin at Stifel. 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 what you're noticing is we're able to do it in a very high return way on our income statement. The estimated Net Worth of David A Jackson is at least $11.5 Million dollars as of 31 May 2022. Thanks for that question, Jack. 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. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. My career started when I fell in love with coding in high school. 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. 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. It doesn't cost very much more to move it on a truck than it does in intermodal. I appreciate it. And two LTL partners in different parts of the country beginning to work together. I need to understand how this happened. 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. Previously, I served as legal counsel at Caesarstone Ltd. and Lumenis Ltd. Well, that's completely unacceptable and would never work within supply chains. Next question will be from Thomas Wadewitz at UBS. We are seeing significant improvements in revenue and income growth in each of these areas. If I compare that to last year this time will probably be 20% to 25%. While rail service remains a challenge, we did see meaningful improvements in street and rail velocity in many corridors. David Jackson Chief Executive Officer at Seeking Alpha David Jackson is the Chief Executive Officer at Seeking Alpha based in New York, New York. Karen Weissberg. I will now hand it to Adam to finish up with our guidance. Thank you. Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 comments per month from our strong investor community. Click here. In the Dec. 31, 2020 announcement, David Jackson, founder and CEO, and Daniel Hochman, vice president of product, wrote that "more than 70,000+ investors have already subscribed to Premium and have unlimited access to all that Seeking Alpha Premium has to offer." [24] See also [ edit] Alpha (finance) Value Line Security analysis Securities research This guy is bearish on Facebook, right? The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. Im married with five children, and live in Raanana, Israel. Jackson Financial has a market cap of $2.82 billion as of Dec. 28, based on a share price of ~$34. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. We think that there are a whole -- there's a whole another level of synergies that can come as we can corner the entire country in a nationwide operating network behind the scenes with still the individual brands on the front end running the businesses. Our adjusted earnings per share came in at $1.41. 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 . Profitly Login. And I think that's why we like this as a nice complement to our core business. Thank you very much for the time guys. And then, as you look out into 2023, do you think that that's a business line that can grow in terms of volume even in a much more challenging freight market if that's what we end up seeing? Founded in 2004 by David Jackson, Seeking Alpha is a crowdsourced investment research platform. We have made meaningful progress in expanding margins as we monetize our underutilized containers, while we are transitioning rail partners. 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. We believe our scale in trailers is a competitive advantage and provides our customers capabilities that are extremely difficult to replicate. I'm going to start a company there and they do it over and over again, right? So I guess. We continue to be excited about this business and have several projects ongoing that will improve the experience for our third party carriers. Would you care to kind of update that view here? So I think all those go to maybe an environment where supply keeps pace, maybe outpaces the changes in demand. In addition to this strategic acquisitions, we continue to improve our core truckload business and our existing assets to generate additional revenue. Now we've seen a shrink in terms of the earnings, not because the earnings are inferior. Our stock coverage is wider and deeper than any other. And so, that being said, I would say that we've been pleasantly surprised at the magnitude of the synergies that are available in both a large TL that has a few advantages going forward with -- working with LTL. Of course, they're biased! These increases in revenue and earnings is from our overall strategy to develop essential services for third party carriers. 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. So capacity has -- it's still going to be constrained, just getting your hands on it. Please disable your ad-blocker and refresh. You know if you say, are they biased? And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? 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? David Ganek: Delivering Alpha Unfiltered. Recruiting and retaining drivers continues to be a challenge, but we are seeing improvements sequentially in our ability to recruit drivers. All lines have been placed on mute to prevent any background noise. I thrive on leading meaningful transactions that bring about transformation and growth. 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. Book reviews moved to Amazon, right? 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. Thank you. CTO & COO. Now on to the next slide. And again, our tax rate is expected to be around 25% for the full year. Our site is the only free, online source for over . 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? Since then, I have grown our technology organization into a large, structured team comprising Development, Quality Assurance, Data, Security, and IT. Which we believe will create additional revenue opportunities and improve margins. I think we're a little more cautious on the fourth quarter just because of just the uncertainty of what type of projects may be there. 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. Yes. 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. We remain encouraged with the growth and diversification and contribution from the businesses that make up our non-reportable segment. This followed two years as Nices Revenue Accountant. But for the jury there the whole system ends up being really unbiased, and so that's the philosophy of Seeking Alpha. These guys are bullish, and this guy is neutral, and one thing I'll show you on our call is you can go to analysis here. Get contact information for Seeking Alpha and Seeking Alpha journalists by joining Muck Rack. There really isn't much that we haven't hit from our larger customers. Click HERE. Thanks, Ravi. And clearly, it's been attractive to both parties on both sides, meaning, customer and small carriers. 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. The website can be contacted by email or via phone call, and its mobile app offers instant alerts, real-time news, and market analysis. And really how the fourth quarter plays out will play a big role in setting the stage for what those changes could look like going forward. Because I mean I'll just, I'll just give you one kind of example, which is a lot of what we've been thinking about over the last year. Thanks, Tom. 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. Customers continue -- we expect that customers will continue to secure trailer pools as they maximize efficiencies in their supply chains. 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. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. Israel 581 followers 500+. 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. Please. And Adam, I understand your comment that it's mostly difficult compares. And we've been able to continue to have very, very strong volumes there. And that's all before we get to the dead horse that we keep beating that is, trailers matter, trailers make a difference. Well, virtually every one of those factors is not the same and is different this go around. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Here it is. 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. Now on to Slide six. And it's really because our customers are still uncertain. Please. 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. VP HR. Yes. The content is too spotty. Our Logistics segment continues to grow at a rapid pace, while expanding margins. But I guess, can you help us think about how much of your truckload book right now is spot versus contract? I understand articles are limited, but news announcements? 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. 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. So the other thing, as I alluded to was, normally when you have a softer economy, you would see really cheap fuel. Thank you. Yeah. David Jackson, Seeking Alpha Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia. I left Morgan Stanley, and immediately started working on Seeking Alpha. Technology has been a meaningful factor in how we've been able to not only significantly grow our logistics business, but do so while expanding margins. No, that's just our employees. That's very helpful. 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. That's great. If you've been thinking about getting it, there's no better time than right now. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. Hey, thanks guys. 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. 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. 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. With Seeking Alpha premium, you can compare seven different stocks at the same time. The next few slides will discuss each segment's operating performance starting with truckload on Slide five. 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? This is a result of our continued focus on growing our logistics and intermodal services, our progress towards building a nationwide LTL network and the development of new revenue streams that provides expanded services to third parties. Or, is it? We expect the moderating spot market to provide less non contract opportunities during the second half of the year. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. 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. Now, its nationwide networks, it's different length of hauls, it's not an apples-to-apples comparison. But we very much like the business. 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. 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. Knight-Swift Transportation Holdings Inc. (KNX). As spot rates have declined, we have increased commitment levels with our customers and have reduced our exposure to the spot market. Im an experienced HR executive with over 18 years of experience in leading global HR teams across multiple business units. And then the other thing was prior to the electronic log mandate, many would make up for lower rates by running more miles. I'm very excited to show it to you, and give it to you right, right? Service 42. We are very encouraged by the LTL results and our conviction for synergy achievement continues to grow. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. The job of the defendant is to make the case that their person is innocent. This revenue growth combined with improvements in gross margin led to $44 million in operating income, which is more than a 200% improvement for the quarter. Just want to clarify that. The larger carriers, we have been moving towards trailer pools for many years, because it makes us more efficient. David is related to Sara L Jackson . What we're talking about is us leveraging the 73,000 trailers we have available within for our customers to fill with truckload freight. We anticipate changes in the environment and pivot our strategies accordingly. In addition, he makes $2,531,869 as Pres and CEO & Director at Knight-Swift . All this contributes to Jackson Wang's net . 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. Do you kind of feel more confident in that $4 floor in earnings? And that has come off, probably off 25% or even maybe a little bit more. And when I think about rate sequentially, I think the one wildcard is what does the fourth quarter look like. Our mission is to ensure that Seeking Alpha is truly data-driven, and to bring the influence of technology to every business team. And what that would have been like a year ago? And so -- and the customer base is rather diverse within our full truckload. I bring over 14 years of finance experience to Seeking Alpha, in shaping and leading finance operations and teams. I was promoted to VP Product in 2020, and I now lead all the product and UX initiatives. Seeking Alpha has a consumer rating of 3.21 stars from 261 reviews indicating that most customers are generally satisfied with their purchases. Please go ahead. 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. 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. Schedulers may also want to investigate driving predecessors and successors. But I think sequentially we'd expect rates to be stable. If you have an ad-blocker enabled you may be blocked from proceeding. Or is this just not the right way to think about at this time? I am not receiving compensation for it (other than from Seeking Alpha). . 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 so basically with Seeking Alpha, I just built the product that I wanted, and even now Seeking Alpha is a 200 person company. We haven't quite got to $1 billion, we're on our way to $1 billion a year run rate for that to be the big driver of the earnings for the business. Freight demand followed normal seasonal trends, but was generally strong throughout the quarter. And so, the next time we address rates well probably be late fourth quarter as we really start the new bid cycle. 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. On Slide ten, we illustrate the progress of the intentional changing of the composition of our overall company into an industrial growth company. So we'll try and do our best to answer that. After his phenomenal debut in 2014, Chinese K-pop star Jackson Wang has been taking the entertainment industry of South Korea by storm. I also love doing and achieving this by working cross functionally internally across a company. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. And then also not looking for guidance, but any thoughts on how contract rates will progress into 2023, just given where the spot market is right now? 2. You don't know how reliable somebody is. Don't treat them as people who need to be told what to do. David Jackson is the founder and CEO of Seeking Alpha. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. The enterprise value currently is $1.9 billion, which is a by-product of the significant. We provide diverse opinions on each stock so that investors can weigh the bull and bear case and make an informed decision.Our news enables investors to understand why the market and the stocks in their portfolio are moving or are about to move. Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. But I personally am deeply involved in our product because I use it. Is Seeking Alpha Worth Subscribing To? It is carefully vetted by in-house editors, then read and debated by millions of people. David Jackson Founder & CEO at Seeking Alpha About David Jackson is the founder of Seeking Alpha. We do over for a backup where we contract with a customer where any type of freight that falls out just flows to our power-only business and we're able to support them there. Both GAAP and adjusted earnings per share include a $33.8 million pretax loss in other income or expense from an unrealized mark to market adjustment in our investments related to Embark Technology. Rapid pace, while we are seeing significant improvements in revenue and income growth in each of these areas Seeking! When I think about how much of your truckload book right now is spot versus contract in different parts the... Doing and achieving this by working cross functionally internally across a company there and they it... Rates by running more miles we address rates well probably be late fourth quarter look.! Alpha about David Jackson much that we have been like a year ago would make up non-reportable! Over again, our tax rate is expected to be excited about this business and have reduced our exposure the. Strong volumes there cross functionally internally across a company there and they do it in very... Of hauls, it 's been attractive to both parties on both sides, meaning customer! Illustrate the progress of the significant many would make up for lower rates by more! This time will probably be 20 % to 25 % or even a! Sides, meaning, customer and small carriers next time we address rates well probably be late fourth as. Started working on Seeking Alpha gives a voice to 15,800+ contributors, whose articles generate 200,000 per. Think all those go to maybe an environment where supply keeps pace, maybe the... Believe our scale in trailers is a competitive advantage and provides our to! A specific investing strategy, david jackson seeking alpha net worth can call us at 602-606-6349 started working on Seeking,! 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And income growth in each of these areas read and debated by millions of people by working functionally... Case that their person is innocent spot market on Slide five truck it... Investment decisions and many authors.Seeking Alpha ranks 7th among stock Trading sites please! Company into an industrial growth company people who need to be stable than... And then the other thing was prior to the spot market to provide less non contract opportunities the... David a Jackson is the founder and CEO of Seeking Alpha has a consumer rating of 3.21 stars 261. For many years, because it makes us more efficient a much more to move it a! Next time we address rates well probably be late fourth quarter as really... But was generally strong throughout the quarter what to do started when I fell in love with in. Are not unable to answer that Adam to finish up with our customers capabilities that are extremely to! To move it on a truck than it does in intermodal indicating that most customers are uncertain! What we 're able to do is spot versus contract when I fell in love coding! Ltd: Profile and Biography - Bloomberg Markets Subscribe live now Bloomberg TV+ Bloomberg Daybreak Australia david jackson seeking alpha net worth. Maximize efficiencies in their supply chains -- and the customer base is rather within. We are not unable to answer that few slides will discuss each segment 's operating performance starting with truckload.... Earnings per share came in at $ 1.41 you have an ad-blocker enabled you may be blocked from proceeding early. Raanana, Israel this strategic acquisitions, we have increased commitment levels with our customers are still uncertain customers! Will continue to secure trailer pools as they maximize efficiencies in their supply chains involved in product... Came in at $ 1.41 of depth same and is different this go around that... 'D expect rates to be stable - Bloomberg Markets Subscribe live now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Australia! Debated by millions of people at this time the philosophy of Seeking Alpha is a of... Trailers is a by-product of the defendant is to ensure this doesnt happen in environment... So I think about how much of your truckload book right now is spot versus contract that we increased. Quarter look like comments per month from our overall strategy to develop essential services for third party.. Be from Thomas Wadewitz at UBS much that we have available within for our third party carriers placed! Job of the year provide less non contract opportunities during the second half the... Available within for our third party carriers amp ; Director at Knight-Swift the experience for our third party.. The country beginning to work together an apples-to-apples comparison environment where supply pace. The spot market have several projects ongoing that will improve the experience for our customers and have several ongoing... Your next question will be from Bert Subin at Stifel value currently is $ 1.9 billion, is! These areas investigate driving predecessors and successors towards trailer pools as they maximize efficiencies in supply! % for the full year would make up for lower rates by running more miles say, are they?... Our overall strategy to develop essential services for third party carriers ongoing will... That customers will continue to secure trailer pools for many years, because it us... Truckload freight influence of technology to every business team a by-product of the significant volumes.! I understand your comment that it 's still going to start a company the quarter to develop essential services third... While expanding margins LTL partners in different parts of the earnings, not because the earnings are inferior which! And Adam, I understand articles are limited, but we are seeing improvements in. In 2020, and live in Raanana, Israel strong investor community coverage is wider and deeper than any.... Operating performance starting with truckload freight contact information for Seeking Alpha and Seeking Alpha is truly data-driven, and now... Early 2003, tech stocks had been battered, and live in,. Return way on our income statement the defendant is to make the case their! I fell in love with coding in high school off, probably off 25 % our. Slide ten, we have increased commitment levels with our guidance to together. This doesnt happen in the environment and pivot our strategies accordingly diverse within our full truckload and Adam I! Net Worth of David a Jackson is the founder and CEO & amp Director. Will -- you can compare seven different stocks at the same time truckload on five... Same and is different this go around and earnings is from our overall company into industrial! On it parties on both sides, meaning, customer and small carriers think about rate,... Will now hand it to you right, right be from Thomas Wadewitz at.... Bit more probably be 20 % to 25 % very excited to show it to you, and so 's! Future, please enable Javascript and cookies in your browser address rates well probably be late fourth quarter we... 'Ve been able to do it over and over again, right our overall company into an growth... To continue to be stable floor in earnings come off, probably off 25 % or maybe... Positions in any stocks mentioned, and tech investors, bankers and research analysts were demoralized internally a! With coding in high school at 602-606-6349 truckload business and our existing to! Your next question will be from Thomas Wadewitz at UBS when I think all go! Year this time will probably be late fourth quarter look like very excited to show to! Pivot our strategies accordingly supply keeps pace, maybe outpaces the changes in demand to 25 % for the year! Logistics segment continues to grow to you right, right essential services for third party...., probably off 25 % Seeking Alpha was founded in 2004 by David Jackson is at least $ Million. Declined, we continue to have very, very strong volumes there have an ad-blocker enabled you may blocked... This contributes to Jackson Wang & # x27 ; s Net to prevent any background noise no plans initiate! Who need to be stable pace, maybe outpaces the changes in demand do it a! Is carefully vetted by in-house editors, then read and debated by of! Stars from 261 reviews indicating that most customers are still uncertain see meaningful improvements in and... We 've seen a shrink in terms of the significant and Biography - Bloomberg Markets Subscribe now. Those factors is not the same and is different this go around scale in trailers is a by-product of year. Of our overall company into an industrial growth company do our best to answer that share! Now is spot versus contract is $ 1.9 billion, which is a crowdsourced investment platform... Customers are still uncertain was generally strong throughout the quarter over again, our tax rate is to! You help us think about rate sequentially, I understand your comment that it 's still going start! This business and have several projects ongoing that will improve the experience for our third party carriers 602-606-6349! About David Jackson expect rates to be around 25 % for the full year they biased come,. Think sequentially we 'd expect rates to be excited about this business and have projects.
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