J.B. Hunt rolls past Q3 expectations

Supply chain challenges continue to constrain freight volumes

J.B. Hunt Transport Services handily beat third-quarter estimates Friday, posting earnings per share of $1.88, 11 cents ahead of consensus expectations. Earnings per share were 27 cents higher than the second quarter and 70 cents better than the year-ago quarter.

Supply chains headwinds and network congestion on the railroads limited J.B. Hunt’s (NASDAQ: JBHT) intermodal volume growth. Loads were off 6% year-over-year but a 24% increase in revenue per load pushed the top line 17% higher in the...

https://www.freightwaves.com/news/jb-hunt-rolls-past-q3-expectations

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