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J.B. Hunt Transport Services Inc. reports developments in North American supply chain and surface transportation operations. The company provides intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single-source, last mile and transload services, using company-owned fleet capacity and third-party capacity through the J.B. Hunt 360° digital freight marketplace.
Recurring news for JBHT includes U.S. GAAP earnings releases, segment trends in Intermodal, Dedicated Contract Services, Truckload and Integrated Capacity Solutions, quarterly dividend actions, investor conference participation, safety programs, sustainability recognition and common stock listing updates. Company updates also reference its role as an S&P 500 company and a component of the Dow Jones Transportation Average.
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.
J.B. Hunt Transport Services (NASDAQ: JBHT) has launched CLEAN Transport™, a program assisting customers in acquiring carbon offset credits to match shipment emissions. This initiative supports customers' sustainability goals by providing data on necessary offsets based on quarterly activities. Projects include reforestation and clean power generation, verified by organizations like the American Carbon Registry. Currently available to Intermodal customers, it aims to expand further. J.B. Hunt continues to innovate in sustainable transport, having avoided around 4.3 million empty miles in 2020 and plans to grow its intermodal fleet significantly.
J.B. Hunt Transport Services (NASDAQ: JBHT) and BNSF Railway are collaborating to enhance intermodal service capacity. J.B. Hunt aims to expand its intermodal fleet to 150,000 containers within three to five years, representing over a 40% increase since 2021. This initiative responds to the rising demand for intermodal services and aims to improve efficiency and reliability. BNSF will also enhance facilities and railcar equipment, while both companies leverage technology to optimize operations and reduce carbon emissions.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced that its executives will speak at the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 1:05 p.m. ET. Interested investors can access the live presentation through J.B. Hunt’s newsroom on their website. The conference will feature forward-looking statements from the company that include risks and uncertainties affecting anticipated results. An archived replay will also be available post-event on the company’s website.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will have key executives present at upcoming conferences: Citi's Global Industrial Tech and Mobility Conference on February 22 at 12:10 p.m. EST and Barclays Industrial Select Conference on February 23 at 10:55 a.m. EST. Investors can watch the live presentations via the company's Newsroom. A replay will also be available on J.B. Hunt's website post-event. The company emphasizes that actual results may vary from forward-looking statements due to unforeseen risks.
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J.B. Hunt Transport Services (NASDAQ: JBHT) announced the acquisition of Zenith Freight Lines, a subsidiary of Bassett Furniture Industries (NASDAQ: BSET), for approximately $87 million. This deal enhances J.B. Hunt's furniture delivery capabilities and supports its Final Mile Services segment. Zenith generated $87 million in revenue in the fiscal year ending November 2021, with Bassett accounting for one-third of its business. The acquisition is expected to close by February 28, 2022, subject to customary conditions.
J.B. Hunt Transport Services declared a quarterly dividend of $0.40 per share, reflecting a 33% increase from the previous dividend amount. This dividend is scheduled for payment on February 18, 2022 to shareholders on record as of February 4, 2022. J.B. Hunt, a prominent player in North America's supply chain solutions, continues to demonstrate its commitment to returning value to shareholders through this dividend increase.
J.B. Hunt Transport Services (NASDAQ: JBHT) reported strong financial results for Q4 2021, achieving revenue of $3.50 billion (up 28%) and operating income of $322.5 million (up 55%). The diluted EPS reached $2.28, a 58% increase from $1.44 in Q4 2020. For the full year, revenue was $12.17 billion (up 26%) with an annual EPS of $7.14, compared to $4.74 in 2020. Key segments, including Truckload and Integrated Capacity Solutions, drove this growth. Total freight transactions in the J.B. Hunt 360 Marketplace increased by 27% to $593 million.