J.B. Hunt kicks off earnings season
On Thursday’s analyst call (see Todd Maiden’s earnings writeup here), J.B. Hunt highlighted both improved intermodal volume and pressure on intermodal rates. Intermodal volume exceeded most industry participants’ expectations for a lack of peak season in the fourth quarter of last year. The carrier’s intermodal volumes were up 6.5% year over year in the fourth quarter, which implies market share gain when compared to the 5% y/y increase in loaded containerized...