JB Hunt Trans Stock Price, News & Analysis

J.B. Hunt Transport Services (JBHT) reported a strong third quarter in 2022, with total revenue of $3.84 billion, reflecting a 22% increase year-over-year. Earnings per share (EPS) rose to $2.57, up 37% from $1.88 in Q3 2021. Operating income climbed 32% to $362.2 million. Notable growth was seen in Intermodal revenue, growing 30%, and Dedicated Contract Services revenue increased 34%. However, Integrated Capacity Solutions faced an 11% decline in revenue due to lower load volumes. The company also repurchased approximately 349,000 shares for $61 million during the quarter.

J.B. Hunt Transport Services has launched the J.B. Hunt Scholarship Program for Families, awarding $250,000 in scholarships to 100 recipients. The program is available to dependent children or grandchildren of employees pursuing higher education. Scholarships are renewable for up to four years with a minimum 2.5 GPA. Recipients have expressed gratitude, highlighting the company’s commitment to its workforce. The initiative is part of J.B. Hunt's broader efforts to support educational opportunities in the community.

J.B. Hunt Transport Services Inc. has expanded its transload strategy with new operations in Seattle and Laredo, Texas, enhancing customer access to rail and highway transport. The company now services four of the largest U.S. ocean ports and the largest land port of entry. The new sites will facilitate international freight transfer for domestic transport, responding to increasing shipping demands and supply chain complexities. J.B. Hunt’s integrated approach leverages its substantial fleet and advanced technology to optimize freight management.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has announced it will release its Q3 2022 earnings on October 18, after market close. A conference call will follow from 4:00-5:00 p.m. CDT to discuss the results and respond to investor questions. The call will be accessible via a live webcast on the company’s investor website. J.B. Hunt delivers supply chain solutions across North America and is part of the Dow Jones Transportation Average. The company provides various services including truckload and intermodal logistics.

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.