dedicated truckload Archives - Page 2 of 2

J.B. Hunt warns intermodal margin target may be reduced

20 January 2021

On J.B. Hunt Transport Services’ (NASDAQ: JBHT) fourth-quarter conference call, management said it would review long-term margin expectations throughout all of the company’s divisions in 2021, including the 11% to 13% target for the intermodal segment.

The Lowell, Arkansas-based company reported earnings per share of $1.44 after the market close on Tuesday, beating the consensus estimate of $1.30 and the year-ago result of $1.35.

Headwinds could alter long-term intermodal margin

target

The amount...

https://www.freightwaves.com/news/jb-hunt-warns-intermodal-margin-target-may-be-reduced

J.B. Hunt first look: Q4 beats expectations

20 January 2021

J.B. Hunt Transport Services (NASDAQ: JBHT) reported fourth-quarter earnings per share of $1.44, ahead of the $1.30 consensus estimate and the year-ago result of $1.35.

Revenue increased 12% year-over-year to $2.74 billion, up 18% excluding fuel surcharges. The press release cited more than 50% growth in its brokerage and truck divisions as the reasons for the increase. Both segments were noted as benefiting from capacity available through digital freight platform Marketplace for J.B. Hunt 360.

Fr...

https://s29755.pcdn.co/news/jb-hunt-first-look-q4-beats-expectations

U.S. Xpress announces new sales and dedicated division leadership

18 January 2021

Jake Lawson, Chief Commercial Officer, U.S. Xpress

U.S. Xpress (NYSE: USX) announced leadership changes in sales and dedicated on Monday.

Jake Lawson has been appointed chief commercial officer and Justin Harness will be the president of the company’s dedicated division. Lawson will lead the Chattanooga, Tennessee-based truckload carrier’s sales, pricing and customer engagement functions, duties previously handled by Harness.

The appointments are effective this week, a news release stated.

“I’m excited to welcome Jake to the organization and look...

https://www.freightwaves.com/news/us-xpress-announces-new-sales-and-dedicated-division-leadership

Penske Logistics acquires Black Horse Carriers

2 December 2020

Penske Logistics announced an agreement to purchase Black Horse Carriers, a Chicago-based trucking company with more than 4,000 employees providing dedicated services and private fleet replacement.

The deal is expected to close on Dec. 31 subject to regulatory approval and customary closing conditions. Financial terms of the transaction were not disclosed.

“The Penske organization has had a longstanding and valued relationship with Black Horse Carriers for many years,” said Penske Logistics...

https://s29755.pcdn.co/news/penske-logistics-acquires-black-horse-carriers

J.B. Hunt stock sags on 3Q miss, management doubles down on long approach

16 October 2020

J.B. Hunt intermodal containers on railcars

Shares of J.B. Hunt Transport Services (NASDAQ: JBHT) gapped down as the third-quarter conference call progressed Friday. The commentary on near-term expectations didn’t appear to satisfy investors who were braced by management for a continuation of intermodal service headwinds, which have resulted in an elevated cost structure, at least through the fourth quarter.

Stock under pressure after missing recently raised forecasts

Shares of JBHT entered the call down more than 4% on the day, but as the...

https://www.freightwaves.com/news/jb-hunt-stock-sags-on-3q-miss-management-doubles-down-on-long-approach

Earnings Alert: J.B. Hunt misses 3Q expectations

16 October 2020

J.B. Hunt Transport Services (NASDAQ: JBHT) reported third-quarter earnings per share of $1.18, 9 cents below analysts’ expectations. The result was ahead of the 2019 third-quarter result of $1.10, but that period included $0.30 per share in arbitration charges related to the final award to BNSF Railway Company.

Total revenue of $2.47 billion was 5% higher year-over-year and ahead of the consensus estimate calling for revenue of $2.36 billion. The revenue increase was largely driven by a 25%...

https://s29755.pcdn.co/news/earnings-alert-jb-hunt-misses-3q-expectations

Truckers, small fleets can now bid for dedicated freight through Convoy

15 July 2020

Convoy to offer dedicated shipper freight

One of the most common complaints from owner-operators and small trucking firms is the lack of access to dedicated freight. Dedicated freight can allow a small carrier to grow or an owner-operator to become a small fleet. Most importantly, it can provide a steady stream of revenue.

Shippers with dedicated freight, though, typically send those loads to larger fleets with the capacity to handle large volumes and the flexibility to adjust capacity on the fly. The result is that smaller carriers and...

https://s29755.pcdn.co/news/truckers-small-fleets-can-now-bid-for-dedicated-freight-through-convoy

Investor conference highlights trucking headwinds, tailwinds as economic restart looms

24 May 202013 May 2020

The outlook from management teams of several truckload (TL) and transportation companies participating virtually in the Bank of America Transportation and Industrials Conference this week hasn’t changed dramatically from their earnings reports a couple of weeks ago. However, sentiment is improving slightly as more of the economy is poised to come back online.

Thoughts on the overall market

John Kuhlow, interim CFO at J.B. Hunt Transport Services (NASDAQ: JBHT), said some “uncertainty remains,”...

https://www.freightwaves.com/news/investor-conference-highlights-trucking-headwinds-tailwinds-as-economic-restart-looms

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