Core Insights - J.B. Hunt Transport Services did not provide a formal outlook for 2026 but expressed optimism for improvement in conditions in the coming year [1] - The company acknowledged soft overall freight demand but identified some positive trends across its service offerings [2] Freight Demand and Market Conditions - Management noted "pockets of tightness" in the brokerage business, although overall capacity remains plentiful and the operating environment is challenging [3] - The truckload business is experiencing increased mini-bid opportunities due to service performance issues with other carriers, leading to double-digit percentage growth in load counts over the past two quarters [4] Dedicated and Final-Mile Services - J.B. Hunt's dedicated pipeline is healthy, with new customer inquiries increasing, although deal finalization is taking longer [5] - The company estimates the dedicated truck service market to be $90 billion and aims for annual net truck additions of 800 to 1,000 [5] - Parts of the final-mile offering are performing well, but there is continued softness in demand for big-and-bulky delivery [6] Intermodal Landscape - The company addressed the changing intermodal landscape following the merger announcement between Union Pacific and Norfolk Southern [8] - J.B. Hunt prefers to have two different Eastern rail providers for operational flexibility and noted a recent share shift from Norfolk Southern to CSX due to new service agreements [9]