• ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
Company earningsIntermodalNewsTop StoriesTrucking

J.B. Hunt beats Q2 estimates

Intermodal operating ratio improved 40 basis points as network congestion presented headwinds

J.B. Hunt Transport Services (NASDAQ: JBHT) reported second-quarter earnings per share of $1.61 Monday after the market close. The result was modestly better than analysts’ forecasts for $1.55 and well ahead of the year-ago result of $1.14.

All of J.B. Hunt’s divisions saw “at least double-digit revenue growth” in the period when compared to easy year-ago comps, which included COVID-related lockdowns.

Click for full article – J.B. Hunt says service recovery hinges on several factors

Intermodal revenue was up 21% year-over-year as volumes were 6% higher and revenue per load was up 15%, 9% higher excluding fuel surcharges. Even with poor rail service, equipment shortages and labor issues, the division recorded an 89.6% operating ratio, 40 bps better year-over-year.

Integrated Capacity Solutions posted another operating profit in the quarter. Operating income of $3.1 million easily outpaced a prior-year operating loss of more than $13 million. Revenue doubled in the quarter to $608 million as loads grew 20% and revenue per load was up 66%. The division saw an increased mix contribution from the spot market with the gross profit margin declining 130 bps to 10.5%.

Final-mile revenue increased 52% year-over-year with truck revenue up 70%. Operating income in the final-mile segment improved to $10.7 million from a loss of more than $5 million a year ago. The truck division reported a 92.3% OR, 450 bps better year-over-year. Revenue per loaded mile, excluding fuel, increased 40% from the second quarter of 2020.

The company will host a call at 5 p.m. EDT Monday to discuss results with analysts. Stay tuned to FreightWaves for continuing coverage of J.B. Hunt’s earnings announcement.

Click for full article – J.B. Hunt says service recovery hinges on several factors

Table: J.B. Hunt’s key performance indicators

Click for more FreightWaves articles by Todd Maiden.

Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.

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