JB Hunt Trans Stock Price, News & Analysis

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.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has declared a quarterly dividend of $0.40 per common share, payable to stockholders of record on May 13, 2022. The payment date is set for May 27, 2022. This announcement reflects the company’s commitment to returning value to shareholders as it continues to provide innovative supply chain solutions across North America through its diverse service offerings.

J.B. Hunt Transport Services reported strong first quarter 2022 results with revenue of $3.49 billion, a 33% increase year-over-year. Net earnings rose to $243.3 million, or $2.29 per diluted share, compared to $1.37 in Q1 2021. Operating income increased 61% to $334.3 million, driven by revenue growth across all segments. Intermodal revenue grew 36%, while Dedicated Contract Services and Integrated Capacity Solutions saw revenue increases of 28% and 29%, respectively. However, Final Mile Services faced challenges with an operating loss of $0.2 million.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced it will release its first quarter 2022 earnings on April 18, 2022, after market closure. A conference call will follow from 4:00-5:00 p.m. CDT to discuss the results. Interested parties can access the live webcast via investor.jbhunt.com. The PR mentions potential differences between anticipated and actual results, highlighting the risk factors included in the company's 10-K report for the year ending December 31, 2021.