intermodal volumes

J.B. Hunt blows past Q4 expectations

Intermodal segment margins improve as pricing steps higher

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

Supply chain hurdles not high enough to thwart J.B. Hunt’s Q3 beat

J.B. Hunt says extended peak season will boost Q1 results

Labor was the main talking point of J.B. Hunt Transport Services’ third-quarter earnings call with analysts Friday. Management from the Lowell, Arkansas-based transportation company said many of the nation’s supply chain obstacles are rooted in a shortage of workers.  

“The thing that has been the most difficult for us to get eyes on is customer warehouse labor,” said J.B. Hunt (NASDAQ: JBHT) intermodal head Darren Field. “That’s where there is a significant bottleneck — our customers’ ability...

https://www.freightwaves.com/news/supply-chain-hurdles-not-high-enough-to-thwart-j-b-hunts-q3-beat

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

Forward Air sets quarterly financial records, sees record volumes in Q3

In a record-setting quarter, Forward Air reported net income from continuing operations of $1.11 per share Thursday after market close, easily exceeding the consensus estimate of 96 cents and 78 cents higher than the second quarter of 2020.

The Greeneville, Tennessee-based asset-light trucking and logistics company [NASDAQ: FWRD] reported revenue of $420.7 million, a 49.3% year-over-year increase that also set a quarterly record for the company. Net income of $30.7 million — which compared with...

https://www.freightwaves.com/news/forward-air-sets-quarterly-financial-records-predicts-record-volumes-in-q3

J.B. Hunt says service recovery hinges on several factors

Network fluidity the main catalyst for back-half results

Management from J.B. Hunt Transport Services said dislocation throughout the supply chain remains in place but that there is now some “momentum” toward improvement. On a call with analysts Monday night, management said “demand for our trucks, containers and trailers far exceeds our capacity to serve.”

Many of J.B. Hunt’s (NASDAQ: JBHT) customers are struggling to get merchandise moved due to congestion in the ports and on the rails. Also, labor shortages at customer facilities have increased the...

https://www.freightwaves.com/news/j-b-hunt-says-service-recovery-hinges-on-several-factors

No quick fix for intermodal service, J.B. Hunt says

Intermodal service issues to linger

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 headwinds

Port 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

Norfolk Southern closes $500 million green bond offering

Norfolk Southern closed a $500 million green bond offering.

As companies struggle to find the capital needed to pursue and achieve their environmental targets, Norfolk Southern Corp. (NYSE: NSC) on Wednesday closed a $500 million green bond offering. Norfolk Southern called itself “the first Class I railroad in North America to issue green bonds” in the announcement. 

The point of green bonds is to raise capital for projects and transitions that make companies operate more sustainably or reduce emissions. Investors, in turn, can have confidence that...

https://s29755.pcdn.co/news/norfolk-southern-closes-500-million-green-bond-offering

Carload and intermodal traffic strong in April and Q1: AAR, IANA

A photograph of rail cars rolling by a railroad crossing.

Volume categories such as grain and intermodal helped U.S. rail traffic near pre-pandemic levels in April, according to the Association of American Railroads (AAR).

For the month, rail volumes totaled 2.13 million carloads and intermodal units, a 29.1% increase from April 2020. Much of the sizable year-over-year increase is due to volumes falling out in April and May at the onset of the COVID-19 pandemic in North America.

But some commodities, such as chemicals, are posting pre-pandemic volume...

https://s29755.pcdn.co/news/carload-and-intermodal-traffic-strong-in-april-and-q1-aar-iana

J.B. Hunt lays out new margin targets for all segments

New margin targets for J.B. Hunt

J.B. Hunt Transport Services (NASDAQ: JBHT) updated operating income margin targets for each of its five divisions during its first-quarter earnings call Thursday evening.

The company slightly lowered its intermodal margin target to a range of 10%-12% from the prior range of 11%-13%. The dedicated segment’s margin target was raised by 100 basis points on each end to 12%-14%. Targets were reiterated in brokerage (4%-6%) and final mile (4%-8%). The margin target for the truck division was lowered...

https://s29755.pcdn.co/news/jb-hunt-lays-out-new-division-margin-targets

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