J.B. Hunt Transport Services beat third-quarter expectations Tuesday after the market closed, reporting earnings per share of $1.49, 8 cents ahead of the consensus estimate but 31 cents lower year over year.
The multimodal transportation provider’s intermodal segment reported no y/y change in revenue as a 5% increase in loads was offset by an equal decline in revenue per load. The volume increase was approximately half the increase in total intermodal traffic reported by the U.S. Class I railroads during the quarter.
Click for full report – “J.B. Hunt sees normal seasonality in Q3”
J.B. Hunt (NASDAQ: JBHT) said intermodal demand improved as the quarter progressed, partly due to normal seasonal patterns as well as double-digit volume growth on eastbound transcontinental lanes out of Southern California. Compared with the second quarter, intermodal loads increased 10%.
A 92.8% operating ratio (operating expenses expressed as a percentage of revenue) deteriorated 100 basis points y/y but was 10 bps better than the second-quarter mark. Equipment repositioning costs and driver hiring costs ahead of peak season were some of the culprits.
Operating losses in the company’s brokerage segment narrowed during the period. Integrated Capacity Solutions reported a $3.3 million loss in the quarter, a $10 million improvement from the second quarter and roughly one-third the loss booked in the year-ago quarter.
Revenue in the segment was down 7% y/y as a 10% drop in volumes was partially offset by a 3% increase in revenue per load.
Shares of JBHT were up 8.1% in after-hours trading on Tuesday.
J.B. Hunt will host a call at 5 p.m. EDT on Tuesday to discuss third-quarter results.
Click for full report – “J.B. Hunt sees normal seasonality in Q3”
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now