J.B. Hunt

J.B. Hunt partnership with Kodiak reaches 50,000-mile milestone

J.B. Hunt partnership with Kodiak reaches 50,000-mile milestone
(Photo: J.B. Hunt)

On Wednesday, J.B. Hunt announced the completion of 50,000 autonomous long-haul trucking miles in a collaboration with autonomous trucking company Kodiak Robotics and Bridgestone Americas. The Kodiak autonomous trucks ship Bridgestone car tires between South Carolina and Dallas and have reported no accidents and 100% on-time pickup and delivery since launching in January. 

FreightWaves’ Todd Maiden writes: “The...

https://www.freightwaves.com/news/j-b-hunt-partnership-with-kodiak-reaches-50000-mile-milestone

J.B. Hunt, Kodiak break 50,000-mile mark on autonomous lane

J.B. Hunt Transport Services said Wednesday it has surpassed an autonomous trucking milestone, completing more than 50,000 miles using Kodiak Robotics’ driverless trucks. The two companies teamed up with Bridgestone to move car tires between South Carolina and Dallas.

J.B. Hunt (NASDAQ: JBHT) uses its own equipment to move the tires from a Bridgestone (JPX: 5108.T) plant in Graniteville, South Carolina, to a Kodiak hub near Atlanta. Using two-person safety driver teams, the Kodiak trucks...

https://www.freightwaves.com/news/j-b-hunt-kodiak-break-50000-mile-mark-on-autonomous-lane

J.B. Hunt stays the course despite burdensome capacity costs

J.B. Hunt Transport Services said it will continue to play the long game with its approach to deploying capital across its businesses even as overall freight demand remains underwater. The company has invested heavily in intermodal capacity, which is presenting an overhang on financial results.

The company reported earnings per share of $1.32 for the second quarter on Tuesday, which was 49 cents lower year over year and roughly 20 cents below a range of consensus estimates. A higher tax rate was...

https://www.freightwaves.com/news/j-b-hunt-stays-the-course-despite-burdensome-capacity-costs

Sagging intermodal results, broad volume weakness sink J.B. Hunt’s Q2

A decline in intermodal yields, weaker volumes across all of its transportation offerings and elevated expenses were among the reasons for J.B. Hunt Transport Services’ second-quarter earnings miss.

The multimodal transportation provider reported second-quarter earnings per share of $1.32 Tuesday after the market closed. The result was 49 cents lower year over year and roughly 20 cents off a range of consensus estimates.

A higher tax rate compared to the year-ago quarter was a 1-cent headwind....

https://www.freightwaves.com/news/sagging-intermodal-results-broad-volume-weakness-sink-j-b-hunts-q2

J.B. Hunt executive: Focus on customers key amid industry uncertainty

As companies continue to navigate economic challenges during the freight recession, a top executive at J.B. Hunt Transport says it’s important to listen and focus on customers’ changing needs to provide long-term value, while also collaborating and balancing investments in technology and people.

“If we think about where the industry has been over the last five to eight years, the level of investment seen in the supply chain has been substantial as billions of dollars have poured in to try and...

https://www.freightwaves.com/news/j-b-hunt-executive-focus-on-customers-key-amid-industry-uncertainty

Unraveling the mystery of electric trucks’ residual values 

The regulation-driven purchase of commercial electric trucks carry a lot of unknowns. One of the biggest is their residual value, or how much they will be worth as trade-ins.

Rich Mohr, senior vice president of North America ChargePoint, said the past is a prelude for what is happening with first-generation electric trucks.

Depreciating electric trucks to scrap value

“Three years ago, the biggest risk around fleets adopting electric vehicles was the residual value and the [anticipated] life of...

https://www.freightwaves.com/news/unraveling-the-mystery-of-electric-trucks-residual-values

Freight brokerages struggle through a long trough

The freight winter that sent Surge into bankruptcy and shut down Convoy isn’t over yet, even if the bottom is likely in. Tender rejection rates are hovering around 4%, indicating that capacity is still loose and that asset-based carriers aren’t in a position to reject contracted freight.

J.B. Hunt’s first-quarter results, reported Tuesday after markets closed, revealed the pain felt by the largest transportation providers and their brokerages. Integrated Capacity Solutions (ICS), Hunt’s...

https://www.freightwaves.com/news/freight-brokerages-struggle-through-a-long-trough

Knight-Swift slashes H1 2024 expectation by more than half

Knight-Swift Transportation cut earnings expectations by 58% for the first half of the year on Wednesday, citing an oversupplied truck market, poor weather in January and a tough start to bid season.

The company said adjusted earnings per share for the first quarter will range between 11 and 12 cents compared to a 39-cent outlook (at the midpoint of the guidance range) provided in late January. It is calling for adjusted EPS of 26 to 30 cents in the second quarter versus the previous 55-cent...

https://www.freightwaves.com/news/knight-swift-slashes-h1-2024-expectation-by-more-than-half

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