"Customer satisfaction is the ultimate measure of success, and these results show the strong performance our teams delivered in 2025,†Frazier said. "From account teams to operations to customer service, our people work together through both favorable and challenging environments, and one thing never changes: our deep appreciation for our customers and the trust they place in us to work as one team toward the best possible outcomes over time.†The full JOC Intermodal Service Scorecard can be viewed at www.j ...

J.B. HUNT TRANSPORT SERVICES, INC. (Exact name of registrant as specified in its charter) For the fiscal year ended December 31, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR FORM 10-K ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-11757 (State or other jurisdiction of (I ...

Core Insights - The conference features J.B. Hunt, highlighting its significance in the freight industry [1] - Audience engagement is encouraged through response questions regarding J.B. Hunt's stock ownership and general bias [2][3] Company Performance - J.B. Hunt's fourth quarter performance is noted as solid, with cost reductions and improving margins [4]

Summary of J.B. Hunt Transport Services FY Conference Call Company Overview - **Company**: J.B. Hunt Transport Services (NasdaqGS: JBHT) - **Event**: FY Conference Call on February 17, 2026 Key Points Industry Insights - **Market Demand**: The company observed a healthy demand environment in Q4 2025, with customer forecasts being more accurate than in previous years, leading to a solid performance [2][3] - **Impact of Weather**: A significant winter storm affected operations, making it difficult to assess demand trends accurately in early Q1 2026. However, initial signs indicated better-than-expected demand strength [3][4] - **Regulatory Environment**: The regulatory landscape, including ELD compliance and cabotage laws, is impacting market dynamics and contributing to capacity exits [10] Financial Performance - **Margins**: Margins are improving, with a noted squeeze in brokerage margins due to tighter capacity in Q4 2025 [6][8] - **Cost Management**: The company is focused on eliminating $100 million in structural costs and is undergoing a business transformation to drive efficiency through technology and AI [11][12] Business Segments - **Dedicated Contract Services**: The dedicated segment faced challenges with net tractor growth, aiming for 800-1,000 tractors per year. Retention rates improved from a low of 89% to 94% by the end of 2025 [25][38] - **Intermodal Services**: The intermodal segment is experiencing growth despite low truck rates and fuel prices, with a two-year volume growth of +6% to +11% [16][17] Strategic Initiatives - **AI and Technology**: The company is investing in AI to enhance operational efficiency and automate processes, which is expected to improve decision-making and asset utilization [11][13] - **Customer Relationships**: J.B. Hunt emphasizes building long-term relationships with customers, focusing on private fleet conversions and maintaining high service levels [34][42] Market Dynamics - **M&A Activity**: The potential merger between UP and Norfolk Southern is not expected to significantly impact J.B. Hunt's operations, as the company has established relationships with multiple rail providers [14][15] - **Bid Season**: Early indications suggest that customers are hesitant to accept higher rates, attributing market conditions to weather disruptions rather than structural changes [22] Future Outlook - **Growth Projections**: The company is optimistic about returning to net tractor growth and expects moderate income growth in 2026, with a focus on onboarding new business [27][28] - **Capital Deployment**: J.B. Hunt has been active in share repurchases, retiring 6.5% of its stock, and is focused on disciplined capital deployment to support growth [69][70] Additional Considerations - **Customer Retention**: The company has faced customer defections primarily due to rate competition and market conditions, but believes in the potential for recovery as market conditions improve [56][47] - **Operational Excellence**: J.B. Hunt aims to maintain operational excellence and disciplined growth as top priorities, leveraging technology to enhance safety and efficiency [12][13] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting J.B. Hunt's performance, market conditions, and future outlook.

Company Overview - J.B. Hunt Transport Services (JBHT) provides a wide range of transportation, brokerage, and delivery services across the United States, Canada, and Mexico, founded in 1961 and based in Lowell, AR [11] - As of December 31, 2024, JBHT employed 33,646 individuals, including 22,573 company drivers, 9,266 office personnel, 1,426 maintenance technicians, and 381 delivery and material assistants [11] Investment Ratings - JBHT currently holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of A, indicating a solid investment potential [12] - The company has a Momentum Style Score of A, with shares increasing by 8.5% over the past four weeks [12] Earnings Estimates - For fiscal 2026, seven analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate rising by $0.05 to $7.15 per share [12] - JBHT has demonstrated an average earnings surprise of +6.1%, suggesting a positive trend in earnings performance [12] Investment Recommendation - With a strong Zacks Rank and high Momentum and VGM Style Scores, JBHT is recommended for investors' consideration [13]

Group 1 - The core focus is on the positive performance of the Industrials sector, particularly highlighting J.B. Hunt Transport Services (JBHT) as the top contributor in this area [2]

Core Viewpoint - J.B. Hunt Transport Services, Inc. is actively participating in several upcoming investor conferences, showcasing its commitment to engaging with the investment community and providing updates on its financial performance and strategic initiatives [1]. Group 1: Investor Conferences - The Chief Financial Officer and Executive Vice President of Finance, Brad Delco, will host one-on-one investor meetings at the 4th Annual Evercore ISI Travel & Transport Conference in New York on February 10, 2026 [1]. - Brad Hicks, Executive Vice President and President of Dedicated Contract Services, along with Brad Delco, will address the Barclays 43rd Annual Industrial Select Conference in Miami on February 17, 2026, at 8:40 a.m. EST [1]. - Shelley Simpson, President and CEO, and Nick Hobbs, Chief Operating Officer and President of Highway Services and Final Mile, will present at the Raymond James 47th Annual Institutional Investors Conference in Orlando on March 3, 2026, at 11:35 a.m. EST [1]. Group 2: Financial Performance - J.B. Hunt announced a regular quarterly dividend of $0.45 per common share, reflecting a 2.3% increase over the previous quarterly dividend, payable on February 20, 2026 [1]. - For the fourth quarter of 2025, J.B. Hunt reported a net income of $181.1 million, or diluted earnings per share of $1.90, compared to a net income of $155.5 million, or diluted earnings per share of $1.53, for the fourth quarter of 2024 [1].

Core Viewpoint - J.B. Hunt Transport Services, Inc. has announced a quarterly dividend increase of 2.3% to $0.45 per common share, reflecting the company's commitment to returning value to shareholders [1] Dividend Announcement - The Board of Directors declared a regular quarterly dividend of $0.45 per common share [1] - This represents a 2.3% increase over the previous quarterly dividend [1] - The dividend is payable to stockholders of record on February 6, 2026, and will be paid on February 20, 2026 [1]

Core Insights - J.B. Hunt Transport Services (JBHT) reported mixed fourth-quarter 2025 earnings, with earnings per share surpassing estimates while revenues fell short [2][3]. Earnings Performance - JBHT's Q4 earnings were $1.90 per share, exceeding the Zacks Consensus Estimate of $1.81 and reflecting a 24.2% year-over-year improvement [4]. - Total operating revenues reached $3.09 billion, missing the Zacks Consensus Estimate of $3.12 billion and showing a 1.6% year-over-year decline [5]. Revenue Breakdown - Revenue per load excluding fuel surcharge revenue declined by 2% in Intermodal (JBI) and 4% in Truckload (JBT) [5]. - Average trucks in Dedicated Contract Services (DCS) decreased by 1%, while load volumes in Integrated Capacity Solutions (ICS) and JBI fell by 7% and 2%, respectively [5]. - A 15% increase in volume in JBT and a 1% increase in productivity in DCS partially offset the revenue decline [5]. Stock Performance - JBHT shares have outperformed the transportation-truck industry and the S&P 500 Index over the past six months [7]. - The stock's price performance is favorable compared to peers like Knight-Swift Transportation Holdings Inc. [7]. Valuation Metrics - JBHT's forward 12-month price-to-earnings ratio (P/E-F12M) is 28.15X, which is lower than the industry average of 30.18X, indicating an attractive valuation [11]. Financial Concerns - JBHT's cash and cash equivalents were $17.28 million at the end of Q4 2025, significantly lower than its short-term debt of $766.93 million, raising liquidity concerns [15]. - The current ratio was 0.83, indicating potential difficulties in meeting short-term obligations [15]. Investment Outlook - While JBHT's earnings performance is solid, potential investors are advised to exercise caution due to the company's financial challenges [16]. - Existing shareholders may consider maintaining their positions, as the long-term prospects remain positive, supported by a Zacks Rank 3 (Hold) [16].

Core Insights - J.B. Hunt Transport Services reported mixed fourth-quarter results, with earnings of $1.90 per share exceeding analyst expectations of $1.80, while revenue declined 2% year over year to $3.10 billion, aligning with Wall Street forecasts [1] Revenue Performance - Revenue weakness was observed across several operating segments, with the Intermodal division, the largest business, experiencing a 3% decline to $1.55 billion, and Final Mile Services revenue dropping 10% to $206 million [2] - Dedicated Contract Services showed modest growth, with revenue increasing 1% to $843 million, while Truckload revenue climbed 10% to $200 million, although operating income in that segment declined 2% [3] Operating Income and Tax Rate - Operating income increased by 19% to $246.5 million, attributed to cost reduction efforts, productivity improvements, and lower personnel expenses [2] - The effective tax rate rose to 22.4% from 19.0% in the same quarter last year [2]