J. B. Hunt (JBHT) Continues to Grapple With Segmental Weakness

J.B. Hunt Transport Services, Inc.(JBHT) fourth-quarter 2023 revenues of $3,303.70 million surpassed the Zacks Consensus Estimate of$3,236.2 million but fell 9.5% year over year. Total operating revenues, excluding fuel surcharge revenue, fell 6% year over year. The downfall was due to a 12% and 7% decline in volume in Integrated Capacity Solutions (ICS) and Truckload (JBT), respectively, and a 10% and 13% decline in revenue per load excluding fuel surcharge revenue in Intermodal (JBI) and JBT, respectivel ...