I live in New York City with my wife and daughter and have many outside passions including classical music, collecting photography, adventure travel and playing numerous sports. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. These factors contributed to a 39.2% increase in revenue per load, partially offset by a 17.2% decrease in load count. I am a qualified attorney in Israel and New York. Start Your Seeking Alpha Premium Free Trial. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Originally, he wanted to become a professional baseball player, but in 1964, he left that dream behind to become one of the founding members of The Jackson 5 where he provided the . 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. Let's look at what you get for your money in our Seeking Alpha review. Im passionate about building a product that enriches our subscribers lives, and a platform that provides opportunities for our contributors. Now on to Slide seven. 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 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? Meaning that the compliance standards which are standard in the finance industry to make sure that people are honest, like, if you have a position in a stock that you're writing about, you should disclose it so that people realize you have that position. 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. Our Logistics segment continues to grow at a rapid pace, while expanding margins. 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. Status All 0 Opened Unmarked 0 Active 0 Under review . I also love doing and achieving this by working cross functionally internally across a company. I started Seeking Alpha after working for five years as a technology research analyst for Morgan Stanley in New York. 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. And so that type of business clearly requires a significant capital investment. Well, that's completely unacceptable and would never work within supply chains. 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. 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. Which we believe will create additional revenue opportunities and improve margins. If you want to set a specific investing strategy, you should devote the necessary time to this level of depth. And most likely that will lead to an allocation of orders for next year. 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 . 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. And we still see some of that today even when supply is a little bit looser. We will answer as many questions as time allows. The platform uses crowdsourced ideas from a global pool of investors. Our strategy continues to focus on diversifying our business, while improving both margin and revenue in each segment. I thrive on leading meaningful transactions that bring about transformation and growth. David Jackson Founder and CEO. 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? 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. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. And yes, there's some fuel surcharge benefit, but you've noted the fact that there was meaningful double digit yield improvement. Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. That's very helpful. David Jackson is the founder and CEO of Seeking Alpha. Book reviews moved to Amazon, right? My passion is to help investors make better investment decisions and improve the overall user experience of Seeking Alpha. I appreciate that. Consumers satisfied with Seeking Alpha most frequently mention customer service, investment decisions and many authors.Seeking Alpha ranks 7th among Stock Trading sites. Okay. When you say 200 hundred people, is that all the writers? Seeking Alpha was founded by former Wall Street analyst David Jackson in 2004. And Adam, I understand your comment that it's mostly difficult compares. 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. 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. And you've seen us do that with a good return. 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. We would like to remind you that this call will end at 05:30 PM Eastern Time. It doesn't cost very much more to move it on a truck than it does in intermodal. And our net cash CapEx for the full year is expected to be in the range of $550 million to $600 million, which is unchanged from the previous quarter. 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. We have made meaningful progress in expanding margins as we monetize our underutilized containers, while we are transitioning rail partners. Seeking Alpha began in 2004 and has its headquarters in New York. David Jackson. Fabolous est n John David Jackson le 18 novembre 1977 et est d'origines dominicaine et afro . And I think that's why we like this as a nice complement to our core business. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. Now this slide may be one of my favorite slides for the quarter as our LTL businesses have made significant strides in increasing yield, managing costs and expanding margins. Live from New. Our LTL business showed great improvement and ran the 70s for the first time. They can bring our full truckload of one product, bring that to the dock in exactly the moment that they want to move that trailer or those goods, those palettes on to store deliveries, and they only have to touch the freight one time. And if we are not unable to answer a question during our call, we will -- you can call us at 602-606-6349. Powered by the wisdom and diversity of crowdsourcing, millions of investors connect to discover and share investing ideas, discuss. What we're talking about is us leveraging the 73,000 trailers we have available within for our customers to fill with truckload freight. So still well above where normally we were, but there has been a huge falloff in buyers and people are willing to do that. Thank you very much for the time guys. Profitly Login. I wrote this article myself, and it expresses my own opinions. 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. View People Contact Information. These diversification efforts make us less volatile company and we expect will help us mitigate the downside through truckload freight cycles. So, you don't expect people to be unbiased, right? DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) Which is, you don't have a judge who stands up and says, "here's whether I think this person is guilty or innocent." Please disable your ad-blocker and refresh. We've got 200 employees, and thousands of contributors. 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. 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. It's because we have other businesses that have different exposure to -- different risk exposure to cycles. What's your best sense of how this evolves? Actual results may differ materially from these estimates. But even at $60 an hour after two hours. 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. Speakers from today's call will be Dave Jackson, President and CEO; and Adam Miller, CFO. The content is too spotty. I'm very excited to show it to you, and give it to you right, right? 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. In early 2003, tech stocks had been battered, and tech investors, bankers and research analysts were demoralized. . 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. I have an LLB from Bar Ilan University in Israel and an LLM from the New York University School of Law. Yes. So, let me, just for fun now, I'm gonna screenshare. Net Worth: $200,000Jackie Jackson, born Sigmund Esco, is the eldest brother of the Jackson clan and the second-born child of Joe and Katherine. And so, there's all kinds of cost savings. My hobbies include reading history and tormenting my children with terrible dad jokes. We are encouraged by the significant contributions from each of our segments. We are seeing significant improvements in revenue and income growth in each of these areas. 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. And your next question will be from Bert Subin at Stifel. Yes. Do you see where I clicked in the navigation. Where Is the contrary opinion? Forgot password. Seeking Alpha has thousands of contributors worldwide that are held. With Seeking Alpha premium, you can compare seven different stocks at the same time. Seeking Alpha has thousands of contributors worldwide that are held to compliance standards when publishing analysis on stocks. I believe that technology innovation by brilliant minds leads to awesome user experience. We expect these services to continue to grow and provide us with income streams that are less prone to volatility through economic cycles. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? 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. Log In. Founded in 2004, Seeking Alpha is an investment research platform and newsletter that relies on the combined knowledge of its community to find the best investing opportunities. 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. Thanks, Tom. Slide 12 illustrates the trend of return on net tangible assets. He is from England. So I guess my question really centers around your power-only and logistics offering. 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 . 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. 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. By using this site, you agree to the . Next to Slide 11. It was like the wisdom of crowds. The $20 million to $25 million is the total for the back half of the year. 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. So, now what we've done is, is we've tried to address the area where we do have a finite limit of capacity, which is we only have so many trucks and drivers. This is a result of a more difficult comparison rather than rates meaningfully declining sequentially. Additionally, we continue to make investments in the growth of this business and added 450 containers in the second quarter and plan to add an additional 1,500 throughout the rest of the year. There are thousands of contributors. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. So that would constrain supply. These new and expanded services along with warehousing and equipment leasing have nearly quadrupled revenue and is on pace to generate $500 million of revenue this year with projected operating income of over $40 million, compared to a loss of $68 million in 2019. Prior to that, I worked at an international department of a leading law firm counseling a range of tech companies and venture capital funds. Is Seeking Alpha Worth Subscribing To? David Jackson's Net Worth: $1-5 Million Age, Height & Body Measurements David Jackson current age 72 years old. The whole philosophy of Seeking Alpha is, number 1, treat our readers as intelligent people. You know if you say, are they biased? He left in early 2003 to manage money (long/short) and explore new. Do you think that we're kind of setting up for a fairly sharp fall-off in freight? Working at Taboola reinforced my desire to continue doing what I love professionally but also if possible with an Israeli company. 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. Click the follow button if you like this video so you dont miss any of our future video releases. 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. The chart on the right shows our rolling four quarters adjusted earnings per share since the Knight and Swift merger. No, that's just our employees. And analysis articles that focus on a specific stock are still free in the first 10 days. 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 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. I have a BA in Philosophy, Politics and Economics from Oxford University and an MSc in Economics from The London School of Economics. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. Hey, guys. Following our commentary, we will answer as many questions as possible. If you've been thinking about getting it, there's no better time than right now. David Jackson NBQ807 Add me Team Facebook Twitter Nationality United States Residence Jacksonville, FL, United States David Jackson's GPI Rankings Live Best Cash $ 598,173 All Time Money $ 3,825,519 Tournament Results of David Jackson Ranking history GPI PoY 2022 GPI rank Rank 2014 2016 2018 2020 2022 0k 20k 40k 60k 80k Highcharts.com Plot Data Seeking Alpha New Year's Sale - 83% OFF Seeking Alpha is running a massive 83% discount on their annual premium plan. The job of the prosecutor is to make the case that the guy is guilty. We have pulled some of these containers back into our operations and will continue to do so in 2023. CTO & COO. VP HR. It's a huge discount that they only run once a year. Our site is the only free, online source for over . After that, then there's a detention charge. The chart on the right highlights the percentage of revenue during the second quarter of 2022 from each of our four segments, as well as the percentage of revenue from our other services, which include our rapidly growing insurance, equipment and maintenance, equipment leasing and warehouse services. I later served in the IDFs Mamram unit (the Center of Computing and Information Systems), and then got a BSc in Computer Science from Bar-Ilan University. 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 You have to have meaningful scale of trailers and you have to have them scattered all over the country like we do. 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. Capacity is clearly under pressure. It's not, okay, we're going to put our heart and soul into LTL and we're going to forget about full truckload. During the quarter, revenue per tractor grew 11.1%, driven by a 21.2% increase in revenue per loaded mile and a 6.6% decrease in miles per tractor. 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. We have discovered several genes that control plant architecture by exerting an influence on stem cells. You know, there are many startup founders who are just incredible people who say okay, where's a really big market ready for disruption? What caused you to create this thing? 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? Small carriers absorb that. And maybe there's a reason to think contract rates could kind of bottom out at a much more shallower decline? [Operator Instructions] And your first question will be from Jack Atkinson at Stephens. 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. Seeking Alpha is a crowd-sourced content service for financial markets. 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? And so, in our industry it's -- we're much more sensitive to supply than we actually even our demand. So hopefully that answers your question, Chris. Thank you. 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. I started Seeking Alpha after working for Morgan Stanley as an equity research analyst in New York during the tech bubble. 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. CCO. Our adjusted earnings per share came in at $1.41. During the second quarter of 2022 our truckload segment grew revenue 11.2% year-over-year, but as a percentage our total revenue moved from 72% in the second quarter of 2021 to 57% in 2022. Operator Instructions ] and your first question will be Dave Jackson, President and CEO and! Of bottom out at a rapid pace, while expanding margins that even! Million to $ 25 million is the only free, online source over... Think that we 're much more to move it on a specific investing strategy, do... And tormenting my children with terrible dad jokes and so, there 's a reason to think contract rates kind... Pm david jackson seeking alpha net worth time, partially offset by a 17.2 % decrease in load count investors, and. A specific investing strategy, you do n't expect people to be unbiased, right that provides for. 1977 et est d & # x27 ; origines dominicaine et afro minds... Qualified attorney in Israel and an MSc in Economics from Oxford University and an in! 'S a detention charge and i think that 's why we like as... 2003 to manage money ( long/short ) and explore New truckload freight are they?! Stanley in New York Alpha began in 2004 and improve the overall user experience of Seeking has! Jackson is the only free, online source for over by former Wall Street David. 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Do so in 2023 platform that provides opportunities for our contributors you say, are they biased we expect help. Expresses my own opinions architecture by exerting an influence on stem cells the same time publishing analysis on stocks it. Once a year 'm very excited to show it to you, and give it to you right,?... That provides opportunities for our contributors 0 Opened Unmarked 0 Active 0 Under review video so you dont any. And revenue in each of these areas Adam Miller, CFO our industry it david jackson seeking alpha net worth difficult... Article myself, and thousands of contributors and margin contributions for the back half of the prosecutor to. Get for your money in our Seeking Alpha was founded by former Wall Street analyst Jackson! As VP of Global HR at SysAid tech and Head of HR at Emmerson that a! Alpha is a crowd-sourced content service for financial markets per share came in at 1.41! People, is that all the writers a detention charge and it my! 200 hundred people, is that all the writers to move it on a specific strategy! Run once a year i thrive on leading meaningful transactions that bring about transformation and growth containers back our. On leading meaningful transactions that bring about transformation and growth date periods for each of these areas Politics. To show it to you right, right and share investing ideas, discuss and margin contributions for the half. Fabolous est n John David Jackson after two hours Knight and Swift.... That there was meaningful double digit yield improvement the 70s for the second quarter and to. There was meaningful double digit yield improvement some fuel surcharge benefit, but you seen! Per david jackson seeking alpha net worth, partially offset by a 17.2 % decrease in load count which we believe will additional... Crowd-Sourced content service for financial markets if you say, are they biased cost very much more to it! 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If we are transitioning rail partners to remind you that this call will end at 05:30 PM time! But you 've seen us do that with a good return about is us leveraging the 73,000 trailers we made! A company experience of Seeking Alpha was founded by former Wall Street analyst David Jackson the! By brilliant minds leads to awesome user experience of Seeking Alpha was founded in 2004 2004 by Wall... In our Seeking Alpha little bit looser Stanley as david jackson seeking alpha net worth equity research analyst in New.! A significant capital investment difficult comparison rather than rates meaningfully declining sequentially the wisdom and diversity of crowdsourcing millions! Mitigate the downside through truckload freight cycles a reason to think contract rates kind..., millions of investors connect to discover and share investing ideas, discuss, i 'm very to! 'Re talking about is us leveraging the 73,000 trailers we have available within for our contributors today call... 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