Our adjusted earnings per share came in at $1.41. Customers continue -- we expect that customers will continue to secure trailer pools as they maximize efficiencies in their supply chains. My name is Sylvie, and I will be your conference operator today. We have slides to accompany this call that are posted on our investor website. I think your -- first part of that question was acknowledging what are the benefits to the customer. 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. Yes. Select this result to view David L Jackson's phone number, address, and more. Now, its nationwide networks, it's different length of hauls, it's not an apples-to-apples comparison. 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. And for those that are in the queue that we haven't been able to get to your question, feel free to follow-up with us. Paul Jelinek. 3. Would you care to kind of update that view here? Slide 12 illustrates the trend of return on net tangible assets. Strong earnings have driven increases in our free cash flow, which was $1.1 billion through the second quarter over the trailing 12 months. The original concept for this platform was for it to be a place where knowledgeable investors could share their insights on investments and compare strategies. Well, detention charges, they don't care. 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. 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. 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. Capacity is clearly under pressure. Thank you, Adam, and good afternoon, everybody. All this contributes to Jackson Wang's net . Kind of any helpful on where that floor is would be helpful. These results reflect our focus on; one, growing our less asset intensive businesses; two, acquiring and improving businesses; and three, expanding margins in existing operations. 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. VP HR. Book reviews moved to Amazon, right? I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. David Jackson, Seeking Alpha Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia. And then, when you read the article, you can say, oh well this person owns the stock. 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. He left in early 2003 to manage money (long/short) and explore new. If I compare that to last year this time will probably be 20% to 25%. That's great. And a lot of that had to do with the fact that the LTL network is so sophisticated, it takes so much upfront to set up and has so much stability once it is set up to carve OR points there feels more difficult than it is in an irregular route full truckload world. 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. Speakers from today's call will be Dave Jackson, President and CEO; and Adam Miller, CFO. Please go ahead. What's the most efficient way to help a small carrier reduce their empty miles in a $5 plus diesel fuel environment and what's the best way to save the supply chains? It's because we have other businesses that have different exposure to -- different risk exposure to cycles. The stocks with STRONG BUY ratings from Seeking Alpha have increased 1,754% in comparison to the S&P 500%27s 385% increase over the past decade. And that simply isn't an option that's available. Israel 581 followers 500+. We have been extremely impressed with the leadership at both AAA Cooper and MME on how open minded the teams have been in working with the KNX leadership, as well as with each other in developing the strategy to leverage the now enhanced scale of the network. Okay, and what happened was, you know, I was a research analyst for Morgan Stanley, and I saw that people were publishing views about stocks on blogs, and that the future was moving away from the gatekeepers, and away from the establishment. [Operator Instructions]. 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. So we -- were of the belief that there's definitely going to be resilience like there was in 2019 in the kind of contract business that we're able to do given size and scale versus what maybe the broader would see. During this time, the EPS has moved from $2.16 per share to $5.67 per share for the trailing 12 months. They've proven that out. 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. So, let me, just for fun now, I'm gonna screenshare. And we still see some of that today even when supply is a little bit looser. 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. We expect total gains on sale from equipment to be in the range of $20 million to $35 million for the back half of 2022 as the used equipment market continues to moderate. Let's look at what you get for your money in our Seeking Alpha review. And what you're noticing is we're able to do it in a very high return way on our income statement. 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. Please. 2. 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. At the same time, new technologies were creating the possibility of a different approach to equity research, based on crowdsourcing and community. DAIA 10 bh133300 3m (10bh133300) 3m (10bh133300) And as we get more clarity around that, the next time we release third quarter, we'll obviously make an adjustment based on what we know then. And we've very much enjoyed working with our partners, the businesses there and they're doing a phenomenal job. My hobbies include reading history and tormenting my children with terrible dad jokes. Which is, you don't have a judge who stands up and says, "here's whether I think this person is guilty or innocent." 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. They don't know what it is yet. Now on to Slide six. Good afternoon, Dave. 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. I appreciate that. And I think a classic example to that would be, just look at the first half of this year. Thanks, Tom. Gross margin also expanded to 24.4% in the quarter, compared to 15.7% last year, leading to an 82.2% adjusted operating ratio. Fabolous was born John David Jackson on November 18, 1977 and is of Dominican and African-American descent. 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. We have three primary objectives in these carrier services. We get a glimpse into that and the fact that the spot market has shrunk rather significantly in the first half of this year. And so someone needs to come in, in the stock market, and aggregate this content, but also ensure that it's compliant. 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These diversification efforts make us less volatile company and we expect will help us mitigate the downside through truckload freight cycles. I mean we've essentially gone through the bid cycle. 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. This may result in rates turning negative year-over-year late in the third quarter and continuing into the fourth quarter. Our call is scheduled to go until 05:30 PM Eastern Time. You don't know how reliable somebody is. The loss reduced both the GAAP earnings per diluted share and the adjusted earnings per share by $0.16. But we're excited about the runway that we have there. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson. Just to make sure that when we refer to power-only, that's understood. And again, most likely, we'll have an allocation. David Jackson Chief Executive Officer at Seeking Alpha David Jackson is the Chief Executive Officer at Seeking Alpha based in New York, New York. David Jackson is the founder and CEO of Seeking Alpha. Well, that's completely unacceptable and would never work within supply chains. This is a result of a more difficult comparison rather than rates meaningfully declining sequentially. 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 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. 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