J.B. Hunt Transport Services(JBHT) - 2023 Q2 - Earnings Call Presentation

Q2 2023 Financial Performance - J.B. Hunt's Q2 2023 revenue was $3.13 billion, an 18% decrease compared to Q2 2022[5] - Excluding fuel surcharge, revenue was $2.71 billion, a 14% decrease[5] - Earnings per share (EPS) decreased by 25% to $1.81, compared to $2.42 in Q2 2022[5] - Consolidated operating income decreased 23% to $270.7 million[17] Segment Performance - Intermodal (JBI) revenue decreased 19% to $1.49 billion, with operating income down 29% to $142.9 million[5] - Dedicated Contract Services (DCS) revenue decreased 2% to $888 million, but operating income increased 21% to $113.6 million[17] - Integrated Capacity Solutions (ICS) revenue decreased significantly by 43% to $344 million, resulting in an operating loss of $4.4 million compared to a $23.2 million income in Q2 2022[5] - Final Mile Services (FMS) revenue decreased 19% to $224 million, while operating income increased 12% to $14.8 million[17] - Truckload (JBT) revenue decreased 16% to $192 million, with operating income down 81% to $3.8 million[5] Intermodal (JBI) Details - Intermodal volume decreased 7% due to weaker freight activity, especially import-related freight[21] - Gross revenue per load decreased 13% due to changes in freight mix, customer rates, and fuel surcharge revenues[21] Integrated Capacity Solutions (ICS) Details - ICS revenue per load decreased 24% due to lower contractual and transactional rates and changes in customer freight mix[34] - ICS gross profit margins decreased to 13% compared to 16.1% in the prior period[59]