We are encouraged by the significant contributions from each of our segments. And when I think about rate sequentially, I think the one wildcard is what does the fourth quarter look like. And we believe this approach is very welcoming to other LTL companies who may choose to join the network. 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 joined Seeking Alpha in June 2021. 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? 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. Demand for our power-only service offering remained strong and provides a strategic advantage compared to traditional brokers. 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. We continue to be excited about this business and have several projects ongoing that will improve the experience for our third party carriers. I thrive on leading meaningful transactions that bring about transformation and growth. We have committed volumes that run through power-only just with contracted rates, similar to how we would run most of our business on our truckload -- on the asset side. David Jackson; Topics Type All 0 Ideas 0 Questions 0 Bugs 0 Praises 0 Announcements 0. Quality of Research/Analysis: 4.5/5. But the good news for us is, we're not in an either/or. I appreciate it. We expect that demand may moderate as the consumer digests and deals with higher inflation and uncertainty in the economy. We believe our scale in trailers is a competitive advantage and provides our customers capabilities that are extremely difficult to replicate. And we still see some of that today even when supply is a little bit looser. My career started when I fell in love with coding in high school. Seeking Alpha is the world's largest investing community. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. 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. Click HERE. It's not, okay, we're going to put our heart and soul into LTL and we're going to forget about full truckload. Many of these services are branded under our brand of Iron Truck Services. 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 now, of course, the challenge would be securing enough credit to do so. 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. [Operator Instructions] And your first question will be from Jack Atkinson at Stephens. 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. 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. 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. 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. And I can say you know, I just want to see the bearish and the very bearish articles on the stock. Over the years, we've demonstrated our ability to effectively acquire and improve truckload businesses. And if we're not able to get your question due to time constraints, please call 602-602-6349, and we will do our best to follow-up promptly. 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. So I guess. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Well, we said our goal initially was in three years we wanted to be to an 85. And that simply isn't an option that's available. 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. Following our commentary, we will answer as many questions as possible. (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. After his phenomenal debut in 2014, Chinese K-pop star Jackson Wang has been taking the entertainment industry of South Korea by storm. Hey, Adam. 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. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. One of the unique things about what its impact on rates are is in freight rates you have headhaul and backhaul markets. Today, we plan to discuss topics related to the results of the second quarter, provide an update on current market conditions, and update our full year [2020] (ph) guidance. 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. 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. Next question will be from Ravi Shanker at Morgan Stanley. GAAP earnings per diluted share for the first -- for the second quarter of 2022 were $1.35, which represents a 46.7% improvement from the prior year. 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. But I personally am deeply involved in our product because I use it. But now I can read an article by somebody who's bearish on the stock who sold the stock, right? And so, all indicators are that supply is contracting already as we speak. Or should we think about that as being perhaps a sub-85 OR in a good year, it's been perhaps higher 80s in a bad year? Our truckload business continues to run with an operating ratio in the 70s. This guy is bearish on Facebook, right? Well, detention charges, they don't care. I think that the growth in power-only loads this quarter really, I think, will help -- hopefully dispel some concerns that investors might have about that business at a more challenging freight market. I have no business relationship with any company whose stock is mentioned in this article. So I think we've made some shifts there, very strategically through the bids and we like the position that we're in there. Select this result to view David L Jackson's phone number, address, and more. That gets us very excited. Im also a strong believer in remote working, as a way to enable both career success and other life goals, so many members of our team work from home. Seeking Alpha. Premium Portfolio DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) The charts on slide three compare our consolidated second quarter revenue and earnings results on a year-over-year basis. Please. 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. But for the jury there the whole system ends up being really unbiased, and so that's the philosophy of Seeking Alpha. Customers continue -- we expect that customers will continue to secure trailer pools as they maximize efficiencies in their supply chains. And that process is well underway already. Hey, great. Actual results may differ. Do you feel like it's higher than $4 given the traction you've made with LTL and logistics and the other revenue segment? Slide four illustrates the revenue and margin contributions for the second quarter and year to date periods for each of our segments. Seeking Alpha New Year's Sale - 83% OFF Seeking Alpha is running a massive 83% discount on their annual premium plan. We very much like a 78.7% operating ratio. 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. Yes. I previously served as VP of Global HR at SysAid Tech and Head of HR at Emmerson. There really isn't much that we haven't hit from our larger customers. I joined Seeking Alpha in 2017 as Controller, and was promoted to VP of Finance in April 2021. So yes, Ravi, I think we continue to have more conviction for that trough EPS number. 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. Across all of our brands, we have a tremendous team of drivers, shop technicians and office personnel. But even at $60 an hour after two hours. 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. And clearly, it's been attractive to both parties on both sides, meaning, customer and small carriers. I'm going to start a company there and they do it over and over again, right? I think your -- first part of that question was acknowledging what are the benefits to the customer. Thanks, Tom. Overview. When we think about LTL, I think it does provide growth, but also stability through truckload cycles. Our stock coverage is wider and deeper than any other. 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. 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. VP Product. 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. We anticipate changes in the environment and pivot our strategies accordingly. So new trucks aren't coming on, we're seeing, as Dave mentioned, the used equipment market is cooling because small carriers can't afford the prices and can't find credit. Of course, they're biased! Actual results may differ. 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 . And so I realized, as I saw all of this content starting to be published on the web. I now live with my very own Brady Bunch (and assorted pets and wildlife) in the beautiful North of Israel, spending most of my free time feeding all of them, taking nature walks and tending my garden. Prior to that, I worked at an international department of a leading law firm counseling a range of tech companies and venture capital funds. My hobbies include reading history and tormenting my children with terrible dad jokes. But I think sequentially we'd expect rates to be stable. Please. Thank you. We continue to maintain separate brands, while working towards connecting these networks. Seeking Alpha is an investment research platform designed for intermediate to advanced investors who want cost-efficient, impartial, and quantitative information. 1. 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