intermodal pricing
J.B. Hunt sees runway for high demand; small carriers could struggle
J.B. Hunt Transport Services continues to see demand for its services exceed capacity. Management from the company noted moderation in the spot truckload market on a call with analysts Monday night but said that pressure on rates is likely more of a hurdle for smaller carriers not operating under contractual arrangements.
“As we sit here today, demand for our services, and in particular the asset side of our business, is the strongest I’ve seen in my 27-year career at the company,” Chief...
https://www.freightwaves.com/news/jb-hunt-sees-runway-for-high-demand-small-carriers-could-struggle
All J.B. Hunt segments log growth for better-than-expected Q4
J.B. Hunt Transport Services provided little guidance around the outlook for 2022 on a Tuesday evening call with analysts. Limited visibility into when supply chain congestion will ease and rail service will improve has management holding the cards close to the vest. However, management is certain that J.B. Hunt will continue to invest in people and equipment to meet rising demand for all of its services.
The Lowell, Arkansas-based company posted fourth-quarter earnings per share of $2.28,...
https://www.freightwaves.com/news/all-jb-hunt-segments-log-growth-for-better-than-expected-q4
J.B. Hunt blows past Q4 expectations
J.B. Hunt Transport Services handily beat fourth-quarter estimates Tuesday after the market closed, posting earnings per share of $2.28, well ahead of the $2.02 consensus estimate.
The Lowell, Arkansas-based company reported year-over-year revenue growth across all of its segments, 28% higher on a consolidated basis at $3.5 billion, with increased freight rates outpacing incremental costs associated with operating in an overwhelmed supply chain. J.B. Hunt (NASDAQ: JBHT) posted a 90.8% operating...
https://www.freightwaves.com/news/jb-hunt-blows-past-q4-expectations
Intermodal Summit: Sales, trends, capacity going into 2022
This fireside chat recap is from FreightWaves’ Intermodal Summit Wednesday.
FIRESIDE CHAT TOPIC: Intermodal sales environment
DETAILS: Sherman Barnes and FreightWaves Freightcaster Michael Vincent discuss the state of intermodal marketing and sales from the past 18 months and predictions for 2022.
SPEAKER: Barnes is the senior vice president of sales and marketing at Trio Trucking Inc.
BIO: Barnes has more than 16 years of experience in the logistics, supply chain and distribution industry. He has...
https://www.freightwaves.com/news/intermodal-summit-sales-trends-capacity-going-into-2022
No quick fix for intermodal service, J.B. Hunt says
Management from J.B. Hunt Transport Services (NASDAQ: JBHT) said the volume strength experienced in the first quarter has continued thus far through the second during a virtual appearance at BofA Securities’ transportation conference Wednesday. While “demand is there,” capacity constraints continue to present headwinds.
No near-term fix for intermodal service headwindsPort congestion, slower rail service and containers stuck at customer facilities longer were some of the drivers of J.B. Hunt’s...
https://www.freightwaves.com/news/no-quick-fix-for-intermodal-service-jb-hunt-says
Weather hits J.B. Hunt’s Q1; intermodal prospects favorable
In an appearance at an investor conference on Wednesday, management from J.B. Hunt Transport Services (NASDAQ: JBHT) said the recent stretch of inclement weather is likely to hit first-quarter operating income by $15 million to $20 million.
The company reported operating income of $155 million in the first quarter of 2020 and $208 million during the fourth quarter as a comparison.
John Kuhlow, J.B. Hunt’s CFO, said the winter storms produced “probably one of the hardest winters that we’ve ever...
https://www.freightwaves.com/news/weather-hits-jb-hunts-q1-intermodal-prospects-favorable
Bid season to determine J.B. Hunt’s intermodal margin target
Expectations around long-term intermodal margins were the main topic at J.B. Hunt Transport Services’ (NASDAQ: JBHT) appearance at the Citi 2021 Global Industrials Virtual Conference on Tuesday.
The company’s president and CEO, John Roberts, said management plans to evaluate this season’s bid cycle before making a final determination. On the company’s fourth-quarter call in January, management acknowledged the intermodal segment had been lagging the long-term goal of 11% to 13% in recent years...
https://s29755.pcdn.co/news/bid-season-to-determine-jb-hunts-intermodal-margin-target
J.B. Hunt warns intermodal margin target may be reduced
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 margintarget
The amount...
https://www.freightwaves.com/news/jb-hunt-warns-intermodal-margin-target-may-be-reduced
Hub Group sees ‘strong’ 2021 bid season; Q3 beats consensus
Intermodal marketing company Hub Group (NASDAQ: HUBG) sees thin inventories and tight truck capacity as supportive of volume and rate growth in 2021.
The OakBrook, Illinois-based company reported third-quarter earnings per share of 74 cents, 11 cents per share higher than the consensus estimate but 4 cents lower than the 2019 third quarter, which included more than $6 million in legal settlements.
On the Thursday evening conference call with analysts, management said most of their customers have...
https://www.freightwaves.com/news/hub-group-sees-strong-2021-bid-season-q3-beats-consensus