LaylaBird Investment Rundown Almost half a year ago I covered J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) and concluded that the company appeared to offer a good entry point to make a buy. Since the article, the stock price is up around 9.15% now and I think as we have now entered 2024 it remains an appealing stock to buy or hold onto to benefit from the likely rate decreases in the second half of 2024. My thesis now revolves around increased economic spending which would provide higher demand for the ...

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced today that it expects to issue fourth quarter 2023 earnings at the close of the market Thursday, January 18, 2024. It will hold a conference call from 4:00-5:00 p.m. CST on the same day to discuss the quarterly results and answer questions from the investment community. An online, real-time webcast of the quarterly conference call will be available at investor.jbhunt.com on January 18 at 4:00 p.m. CST. An online repl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-11757 J.B. HUNT TRANSPORT SERVICES, INC. (Exact name of registrant as specified in its charter) Arkansas 71-0335111 (State or other jurisdiction (I.R.S. Employ ...

Financial Data and Key Metrics - Consolidated revenue declined 18% YoY, operating income declined 33%, and diluted EPS decreased 30% in Q3 2023, driven by lower freight volumes, yields, and inflationary cost pressures [40] - Effective tax rate lowered to 18.2% due to a discrete tax item, impacting earnings by $0.16 per share [11] - Repurchased approximately 267,000 shares in Q3 2023 [12] Business Line Performance - Intermodal volumes inflected positively for the first time in three quarters, with volumes up 4% in September [17][18] - ICS segment gross revenue declined 48% YoY, driven by a 38% decline in volume and a 17% decline in revenue per load [34] - JBT segment gross revenue declined 17% YoY, driven by a 22% decline in revenue per load, partially offset by a 6% increase in volumes [66] - Final mile business showed year-over-year improvement in profitability despite lower revenue [14] Market Performance - Intermodal volumes grew across both transcontinental and eastern networks, indicating increased customer demand [18] - Final mile segment saw a slight uptick in demand across some end markets, though furniture deliveries remained weak [14] - Brokerage environment remains challenged, with muted truckload demand in the spot market [34] Strategy and Industry Competition - Company remains committed to disciplined long-term investments in people, technology, and capacity to drive efficiency and value for customers [7][8] - Focus on converting highway freight to intermodal to reduce costs and carbon emissions [19] - Acquisition of BNSF Logistics brokerage assets aims to enhance efficiency and expand service offerings [11][24] Management Commentary on Operating Environment and Outlook - Management believes the inventory destocking trend is moderating, with signs of recovery in intermodal volumes [38] - Pricing remains a lagging indicator, while volume is a leading indicator, with intermodal gaining market share [39] - Company is confident in its ability to deliver long-term sustainable returns despite current challenges [9] Other Important Information - Company completed cleaning older equipment, with a few hundred units spilling into Q4, but overall equipment backlog is resolved [16] - Safety investments include inward-facing cameras, with 60% of the fleet expected to be equipped by year-end [15] - Dedicated business remains resilient, with demand for outsourced private fleet solutions holding up well [43] Q&A Summary Question: Intermodal margin trends and cost pressures [35] - Answer: Cost pressures, including labor inflation, impacted margins, but sequential improvement in gross profit dollars per load was observed [52] Question: Peak season and capacity outlook [62] - Answer: Demand remains strong, with no equipment returning to storage, and customers are engaging in dialogue about future capacity needs [63] Question: Impact of BNSF Logistics acquisition [77] - Answer: Acquisition is expected to generate incremental $100M in revenue for ICS in Q4, with $5M-$6M in integration-related costs [87] Question: Driver availability and capacity rationalization [112] - Answer: Driver supply has improved but remains tight in some areas, with wages staying elevated. Brokerage market shows signs of carrier rationalization [113][131] Question: Intermodal pricing and dedicated retention [86] - Answer: Pricing remains under pressure, but service quality warrants discussions with customers about cost challenges. Dedicated retention dipped to 94% due to account losses and bankruptcies [86][93] Question: Long-term intermodal growth and CapEx [100] - Answer: Company remains disciplined in CapEx, focusing on long-term growth opportunities and customer demand for intermodal services [100][102]

Final Mile Services® (FMS) Truckload (JBT) JBI DCS ICS 3Q 2023 Results vs. 3Q 2022 3Q 2023 EPS: $1.80 vs. $2.57; down 30% Final Mile Services (FMS) Revenue: $226 million; down 15% Operating Income: $13.0 million; up 33% 3Q Results Consolidated Operating Income (in millions) Segment Discussion $3,456 $3,687 $3,665 $3,796 $4,084 $4,717 $4,745 $4,675 $5,454 $7,022 $1,837 $1,555 $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 3Q 22 3Q 23 J. B. HUNT JBI Avera ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-11757 J.B. HUNT TRANSPORT SERVICES, INC. (Exact name of registrant as specified in its charter) Arkansas 71-0335111 (State or other jurisdiction (I.R.S. Employer of ...

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q2 2023 Earnings Conference Call July 18, 2023 5:00 PM ET Company Participants Brad Delco - Senior Vice President, Finance John Roberts - Chief Executive Officer Shelley Simpson - President John Kuhlow - Chief Financial Officer Nick Hobbs - Chief Operations Officer and President, Contract Services Darren Field - President, Intermodal Brad Hicks - Executive Vice President, People and President, Highway Services Conference Call Participants Allison Poliniak - W ...

J.B. Hunt Transport Services, Inc. Q2 2023 Results On January 1, 2023, the Company transferred the majority of Truckload's company owned trucking operations to Dedicated Contract Services and transferred its less-than-truckload brokerage operations from Integrated Capacity Solutions to Final Mile Services. The segment information discussed within this presentation recasts the prior year period for these operational transfers between segments as well as full year amounts previously reported for 2022 and 2021 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction (I.R.S. Employer of incorporation or Identification No.) organization) Commission File Number: 0-11757 Arkansas 71-0335111 615 J.B. Hunt Corporate Drive, Lowell, Arkansas 72745 (Address of principal executive offices) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q1 2023 Earnings Conference Call April 17, 2023 5:00 PM ET Company Participants Brad Delco - Senior Vice President, Finance John Roberts - Chief Executive Officer Shelley Simpson - President John Kuhlow - Chief Financial Officer Nick Hobbs - Chief Operations Officer and President, Contract Services Darren Field - President, Intermodal Brad Hicks - Executive Vice President, People and President, Highway Services Conference Call Participants Jordan Alliger - Go ...