J.B. Hunt Transport Services(JBHT) - 2024 Q1 - Quarterly Results

Exhibit 99.1 J.B. HUNT TRANSPORT SERVICES, INC. REPORTS U.S. GAAP REVENUES, NET EARNINGS AND EARNINGS PER SHARE FOR THE FIRST QUARTER 2024 Operating income for the current quarter decreased 30% to $194.4 million versus$277.5 million for the first quarter 2023. The decrease in operating income was primarily due to a combination of lower volumes and yield pressure in JBI, ICS and JBT, as well as increases in equipment, insurance and claims, and bad debt expense. Operating income as a percentage of gross reve ...