J. B. Hunt (JBHT) Hurt by Segmental Weakness, High Debt

J.B. Hunt Transport Services, Inc.'s (JBHT) first-quarter 2024 revenues of $2,944 million missed the Zacks Consensus Estimate of$3,117.1 million and fell 8.8% year over year. Total operating revenues, excluding fuel surcharge revenue, fell 7% year over year. The downfall was owing to a 9% decrease in segment gross revenue per load in both Intermodal (JBI) and Truckload (JBT), 22% fewer loads in Integrated Capacity Solution (ICS), and a modest decline in average trucks and productivity in Dedicated Contract ...