JB Hunt Trans Stock Price, News & Analysis

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) executives are set to present at the 2022 Morgan Stanley Virtual 10th Annual Laguna Conference on September 14 at 11:45 a.m. ET. Interested investors can access the live presentation via the company’s Newsroom section on its website, with a replay available afterward. The discussion may include forward-looking statements that involve considerable risks and uncertainties, which could lead to actual results differing materially from those anticipated. For more details, visit www.jbhunt.com/our-company/newsroom.

J.B. Hunt Transport Services Inc. announced the renaming of the Sam M. Walton College of Business program to the J.B. Hunt Transport Department of Supply Chain Management. This initiative highlights their collaboration with the University of Arkansas to develop future supply chain leaders. J.B. Hunt committed $1.5 million to enhance the department, adding to a total of $7 million since 2017. The department is recognized for its top-ranked undergraduate and graduate supply chain programs.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will present at the Deutsche Bank 2022 Transportation Conference on August 16, 2022, at 11:00 a.m. eastern time. The presentation will be made by Executive Vice Presidents Darren Field and Eric McGee, along with CFO John Kuhlow. Investors can access the live presentation and a replay through the company’s website. The company warns that forward-looking statements may involve risks and uncertainties that could cause actual results to differ materially.

BNSF Railway has partnered with the Northwest Seaport Alliance to develop a new rail hub at the Port of Tacoma, aimed at increasing intermodal capacity in the Seattle region. The Tacoma South facility, capable of handling over 50,000 annual container lifts, complements BNSF’s existing Tukwila facility. Set to launch in mid-August 2022, a direct container-only service between Tacoma South and Chicago will enhance operational efficiency for both BNSF and J.B. Hunt. The initiative is expected to create job opportunities and reduce truck emissions, significantly benefiting the regional economy.

J.B. Hunt Transport Services has authorized a new share repurchase program worth $500 million for its common stock. The repurchase will depend on market conditions and cash flows, and the program may be suspended or discontinued at any time without notice. This initiative aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and benefiting stock performance. Investors should remain aware of the variable timing associated with the repurchases.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has announced a quarterly dividend of $0.40 per share. This dividend will be distributed to stockholders on record as of August 5, 2022, with payment scheduled for August 19, 2022. The company operates as a component of the S&P 500 and provides a range of supply chain solutions across North America, utilizing an integrated, multimodal approach to enhance operational efficiency and flexibility.

J.B. Hunt Transport Services announces the appointment of Shelley Simpson as president, effective August 1, 2022. Simpson, with 28 years at the company, has held various executive roles, most recently as chief commercial officer. Under her leadership, J.B. Hunt has nearly doubled its revenue since 2017, reporting $14 billion in the trailing 12 months. The company operates one of the largest fleets in North America with about 111,000 intermodal containers and 20,000 tractors, while also leading in digital freight matching technology through J.B. Hunt 360.

J.B. Hunt Transport Services achieved remarkable financial growth in Q2 2022, reporting $3.84 billion in total revenue, a 32% increase year-over-year. Operating income surged 46% to $353.1 million, while earnings per share rose 50% to $2.42. All segments contributed, especially Intermodal (JBI) with 42% revenue growth. Despite challenges like increased operating costs and market inefficiencies, the company remains optimistic, forecasting a 23.5%-24.5% tax rate for 2022.

J.B. Hunt Transport Services announced the opening of its first transload service facility on the West Coast, aimed at supporting international cargo and enhancing inland transport efficiency. Located near Los Angeles and Long Beach, the facility will provide port drayage and transloading services, minimizing costs and accelerating freight delivery. With a dedicated fleet for inbound ocean freight, J.B. Hunt aims to streamline operations and improve container velocity. The facility features a 91,000-square-foot warehouse and capacity for 300 containers, enhancing access to J.B. Hunt's intermodal services.