JB Hunt Trans Stock Price, News & Analysis

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.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will release its second quarter 2022 earnings on July 19, 2022, after market close. A conference call to discuss the results is scheduled from 4:00-5:00 p.m. CDT on the same day. The call will be accessible via a live webcast at investor.jbhunt.com. A replay will be available shortly after the call. The press release includes caution regarding forward-looking statements and encourages referencing the company’s Annual Report for potential risk factors.

J.B. Hunt Transport Services (NASDAQ: JBHT) announced the arrival of the cargo vessel Johnelle at the Port of Everett with over 250 new containers. This move expands J.B. Hunt’s intermodal fleet, which aims to grow to 150,000 containers within 3-5 years. A second vessel, Johnnie Bryan, will soon dock in California. The partnership with Swire Shipping enhances overseas transport efficiency, reducing cargo delivery times and addressing supply chain challenges. J.B. Hunt’s intermodal service provides significant sustainability benefits, cutting emissions by up to 60% compared to traditional transport methods.

J.B. Hunt Transport Services and Waymo have announced a new pilot project to advance autonomous trucking technology, delivering goods for Wayfair. This six-week initiative will operate along the I-45 corridor between Houston and Dallas and marks the first significant transportation of retail freight using Waymo's Driver technology. Following a successful previous pilot, this collaboration aims to enhance logistics and improve efficiency in freight transport, with both companies monitoring various performance metrics throughout the trial.

J.B. Hunt Transport Services, Inc. announced it will host the Freedom Drivers Project, a mobile exhibit focused on human trafficking awareness, in partnership with the Arkansas Trucking Association. The exhibit will take place on June 24 at the J.B. Hunt Corporate Campus and on June 25 during the Arkansas Truck Driving Championship. The initiative aims to raise community awareness about human trafficking and empower the public to recognize and report it, having traveled over 15,000 miles since its inception.

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has been named to the Fortune 500 list for the tenth consecutive year, ranking 311, an improvement from the previous year. This recognition highlights the company's commitment to innovation and excellence in creating efficient transportation solutions in North America. The Fortune 500 list includes the 500 largest U.S. companies by total revenue, with companies representing two-thirds of U.S. GDP, totaling $14.2 trillion. Earlier this year, J.B. Hunt was also recognized as one of the World’s Most Admired Companies.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will present at the BofA Securities 29th Annual Transportation, Airlines and Industrials Conference on May 18, 2022, at 8:00 a.m. EDT. Key executives, including COO Nick Hobbs and President of Highway Services Brad Hicks, will participate. Additionally, the company will address the Wolfe Research Global Transportation and Industrials Conference on May 24, 2022, at 10:55 a.m. EDT. Investors can access live presentations and replays on the company’s website.