J.B. Hunt Transport Services warned late Tuesday that third-quarter earnings could fall 5% to 10% sequentially due to surging fuel and driver-related costs.
Amid rising truckload rates, elevated fuel prices and a tightening driver market, J.B. Hunt has experienced a surge in intermodal conversion opportunities this summer.
Truckload carrier Schneider National raised its full-year earnings outlook by 18% after easily beating second-quarter expectations.
As shippers migrate toward high-quality transportation providers, J.B. Hunt Transport Services comfortably surpassed expectations for the second quarter.
Management at J.B. Hunt Transport Services pointed to mounting evidence that recent tightening across the truckload market will not be a temporary blip.
Cost reductions at J.B. Hunt more than offset a soft demand environment in the third quarter.
J.B. Hunt Transport Services’ second quarter comes with few surprises as the multimodal transportation provider navigates the bottom of the cycle.
J.B. Hunt Transport Services reported a largely inline second quarter on Tuesday.
As tariff talk cools, intermodal carriers are becoming more upbeat.
Schneider National is still targeting 2025 as a growth year but not likely as robust as hoped due to trade uncertainty.
J.B. Hunt Transport Services said it will focus on what it can control as the industry awaits a meaningful recovery.
J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period.
J.B. Hunt missed second-quarter expectations Tuesday as soft freight demand and costs associated with carrying the capacity needed to meet future demand weighed on the period.
J.B. Hunt missed second-quarter expectations as volumes remained weak across all modes, expenses remained elevated and intermodal yields declined.
Management from J.B. Hunt Transport Services doubles down on long-term growth initiatives in its intermodal unit.
On its first-quarter call with analysts, management from J.B. Hunt said demand indications from customers have been strong. The path is likely not as easy for smaller players in the space.
J.B. Hunt Transport Services beat fourth-quarter expectations. Visibility into 2022 remains murky but management is calling for continued growth.
J.B. Hunt’s fourth quarter comes in ahead of consensus as the intermodal, brokerage and truckload divisions see notable year-over-year improvements.
“From a price perspective, from a capacity perspective, going into Q2, 2022 is before I’m going to see anything really letting up,” said Sherman Barnes, SVP of sales and marketing at Trio Trucking.
Appearing at an investor conference Wednesday, management from J.B. Hunt Transport Services said delivery schedules for new containers are being hindered by a lack of ocean capacity, not manufacturers’ build schedules.
