intermodal volumes

J.B. Hunt still working through bottom of cycle

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J.B. Hunt Transport Services told analysts Tuesday night it’s still too early to say how the 2023...

https://www.freightwaves.com/news/jb-hunt-still-working-through-the-bottom-of-cycle

‘Freight recession’ snares J.B. Hunt in Q1

A falloff in container imports into the nation’s West Coast along with weaker domestic trucking volumes pushed J.B. Hunt Transport Services’ first-quarter results lower compared to a year ago.  

J.B. Hunt (NASDAQ: JBHT) reported earnings per share of $1.89 Monday after the market closed, 40 cents lower year over year (y/y) and 12 cents below the consensus estimate.

In addition to the softer freight trends, the company contended with EPS headwinds that weren’t there last year. It took a loss...

J.B. Hunt looks to balance costs with moderating demand

A white J.B. Hunt tractor pulling a white 53-foot intermodal container on a chassis

One more great quarterly result along with a healthy dose of caution from management teams were among analysts’ expectations heading into the third-quarter earnings season. J.B. Hunt Transport Services delivered both Tuesday after the market closed.

The Lowell, Arkansas-based company reported earnings per share of $2.57, 12 cents ahead of analysts’ expectations and 69 cents above the year-ago quarter.

Consolidated revenue grew 22% year over year (y/y) to $3.84 billion, which was also ahead of the...

https://www.freightwaves.com/news/jb-hunt-looks-to-balance-costs-with-moderating-demand

September’s rail volumes reflect mixed signals of broader market

Are September rail volumes an indicator of wider economic factors like an economic slowdown or not? That’s a question observers might ask as they look at this past month’s railroad traffic.

U.S. rail volumes for September totaled 1.94 million carloads and intermodal units, a 3.1% decline from the same month in 2021, according to the Association of American Railroads. Of that, U.S. carloads totaled 928,590, down 1.1% year over year (y/y), intermodal units – containers and trailers — totaled 1.01...

https://www.freightwaves.com/news/septembers-rail-volumes-reflect-mixed-signals-of-broader-market

J.B. Hunt overcomes slow rail service in Q2 beat

A J.B. Hunt tractor and trailer crossing a bridge

Management from J.B. Hunt Transport Services acknowledged an inflection point in freight fundamentals on its second-quarter call with analysts Tuesday night, but said that most of its customers are still expecting a good finish to 2022.

“We’re having a seasonally normal July,” Chief Commercial Officer Shelley Simpson said on the call. “We do think that there will be a peak [season], to what extent we’re still not sure. We feel confident in the different areas of our businesses and how we’re...

https://www.freightwaves.com/news/jb-hunt-overcomes-slow-rail-service-in-q2-beat

J.B. Hunt sees runway for high demand; small carriers could struggle

JBI "turning down thousands of loads per week."

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

J.B. Hunt handily beats Q1 expectations

J.B. Hunt rig on highway

J.B. Hunt Transport Services reported first-quarter 2022 earnings per share of $2.29 Monday after the market closed, 92 cents better year-over-year and 35 cents ahead of the consensus estimate.

Gains on equipment sales were a tailwind, up $18 million year-over-year.

Consolidated revenue increased 33% year-over-year to $3.49 billion with all the company’s segments reporting an increase. Revenue was 27% higher year-over-year excluding the impact of fuel surcharges.

J.B. Hunt’s (NASDAQ: JBHT)...

https://www.freightwaves.com/news/jb-hunt-handily-beats-q1-expectations

Cass: Omicron hits January volumes; costs, rates still way up

Freight expenditures index likely to increase 20% in 2022 (Photo: Jim Allen/FreightWaves)

Freight shipments fell 7.4% seasonally adjusted from December to January, according to a Monday report from Cass Information Systems. The volumes component of the Cass Freight Index was also 2.9% lower year-over-year. The report called out a rise in omicron cases as the reason.

The drop in volumes “is about as good an answer as we have to the question of how big an impact Omicron-related absenteeism and quarantines had on the freight economy,” ACT Research’s Tim Denoyer commented in the report.

He...

https://www.freightwaves.com/news/cass-omicron-hits-january-volumes-costs-rates-still-way-up

All J.B. Hunt segments log growth for better-than-expected Q4

J.B. Hunt closes 2021 on a high

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

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