J.B. Hunt Transport Services(JBHT) - 2024 Q4 - Earnings Call Presentation

Financial Performance - J B Hunt's Q4 2024 revenue was $315 billion, a 5% decrease compared to Q4 2023[8] - Excluding fuel surcharge, Q4 2024 revenue was $278 billion, down 2%[8] - Operating income for Q4 2024 increased by 2% to $2070 million[8] - Diluted EPS for Q4 2024 rose by 4% to $153, compared to $147 in Q4 2023[8] Segment Performance - Intermodal (JBI) revenue decreased by 2% to $160 billion, with operating income down 10% to $1170 million[8] - Dedicated Contract Services (DCS) revenue decreased by 5% to $839 million, but operating income increased by 5% to $903 million[8] - Integrated Capacity Solutions (ICS) revenue decreased by 15% to $308 million, with an operating loss of $218 million, an improvement from the $249 million loss in Q4 2023[8] - Final Mile Services (FMS) revenue decreased by 6% to $228 million, while operating income increased by 7% to $132 million[9] - Truckload (JBT) revenue decreased by 7% to $182 million, but operating income improved to $86 million from a loss of $39 thousand in Q4 2023[9] Intermodal (JBI) Analysis - Intermodal volume increased by 5% compared to the same period in 2023[18] - Revenue per load decreased by 6%, primarily due to changes in freight mix, customer rates, and fuel surcharge revenue[18] Dedicated Contract Services (DCS) Analysis - DCS revenue decreased by 5%, driven by a 4% decline in average trucks and a 1% decline in productivity[29] - Customer retention rates are approximately 90%, reflecting downsizing of fleets and account losses[29] Integrated Capacity Solutions (ICS) Analysis - ICS revenue decreased by 15%, with overall segment volume down 22%[39] - Revenue per load increased by 9% due to higher contractual and transactional rates and changes in customer freight mix[39] - Contractual volume represented approximately 63% of the total load volume and 63% of the total revenue[39] Final Mile Services (FMS) Analysis - FMS revenue declined 6%, primarily driven by general weakness in demand across many of the end markets served[50]