Welcome to our dedicated page for JB Hunt Trans news (Ticker: JBHT), a resource for investors and traders seeking the latest updates and insights on JB Hunt Trans stock.
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 (NASDAQ: JBHT) has announced its schedule for the release of fourth quarter 2024 financial results. The company will release its earnings after market close on Thursday, January 16, 2025. Following the release, J.B. Hunt will host a conference call from 4:00-5:00 p.m. CST to discuss quarterly results and address questions from the investment community.
Investors can access a live webcast of the conference call through the company's investor relations website at investor.jbhunt.com. An online replay of the earnings call will be made available shortly after the call concludes.
J.B. Hunt Transport Services (NASDAQ: JBHT) announced its 11th consecutive year participating in Wreaths Across America. 74 company drivers will transport over 356,000 wreaths to national cemeteries across the country. The company will haul 56 loads of wreaths, including nearly 50 intermodal loads through collaborations with BNSF Railway and Norfolk Southern.
The company designed custom wraps for 11 tractors and two trailers featuring the theme 'Your Courage Inspires Us.' J.B. Hunt will deliver directly to 13 national cemeteries. The company will hold a ceremony at its corporate headquarters on December 13, followed by nationwide wreath-laying events on December 14.
J.B. Hunt Transport Services (NASDAQ: JBHT) has been named to Newsweek's America's Most Reliable Companies 2025 list, highlighting the company's dedication to service quality and integrity. The recognition, presented in partnership with Statista, was based on a nationwide survey of over 1,700 participants evaluating factors including recommendation likelihood, business ease, value, delivery consistency, and dependability.
Spencer Frazier, executive vice president of sales and marketing, emphasized the company's commitment to values of integrity, respect, innovation, safety, and excellence in customer service. The recognition adds to J.B. Hunt's recent accolades, including being named one of America's Most Responsible Companies, USA Today's America's Climate Leaders, TIME World's Best Companies, and receiving recognition for its veteran-friendly workplace culture.
J.B. Hunt Transport Services (NASDAQ: JBHT) has received multiple national recognitions for its veteran-friendly workplace culture. The company was named a Top 10 Military Friendly® Employer by VIQTORY, included in Newsweek's America's Greatest Workplaces for Veterans, and recognized as Best for Vets by Military Times. Nearly one in nine J.B. Hunt employees is a veteran, with the company aiming to add approximately 1,600 veterans annually. The company offers comprehensive support programs including Military Leave Benefits, Active-Duty Support, Military Leave Concierge Service, and the SkillBridge Program to assist veterans in transitioning to civilian careers.
J.B. Hunt Transport Services (NASDAQ: JBHT) has announced its participation in two upcoming investor conferences. President and CEO Shelley Simpson and COO Nick Hobbs will speak at the 2024 Baird Global Industrial Conference on November 12, 2024, at 2:20pm CST. Additionally, Intermodal President Darren Field will address the 2024 Stephens Investment Conference on November 19, 2024, at 11:00am CST.
Investors can access live presentations through the company's Investor Relations website section, where replay options will also be available after the events.
J.B. Hunt Transport Services announced key executive leadership changes effective December 1. Nick Hobbs, while continuing as Chief Operating Officer, will become President of Highway and Final Mile Services. Brad Hicks has been appointed President of Dedicated Contract Services, and David Keefauver has been named Executive Vice President of People. These changes aim to align executive strengths and experience to capture additional market share and maximize returns on strategic investments as the company prepares for normalized seasonal demand patterns. All three executives will report to President and CEO Shelley Simpson.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has announced a regular quarterly dividend on its common stock. The Board of Directors has declared a dividend of $0.43 per common share. This dividend will be payable to stockholders of record on November 8, 2024, with the payment date set for November 22, 2024. This announcement demonstrates J.B. Hunt's commitment to providing returns to its shareholders through regular dividend payments.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) reported its third quarter 2024 financial results. The company's revenue decreased 3% to $3.07 billion, while operating income fell 7% to $224.1 million. Diluted earnings per share dropped 17% to $1.49 compared to $1.80 in Q3 2023.
The revenue decline was primarily due to decreased gross revenue per load in Intermodal and Truckload segments, lower load volumes in Integrated Capacity Solutions and Dedicated Contract Services, and fewer stops in Final Mile Services. These were partially offset by a 5% load growth in Intermodal.
The company's effective income tax rate increased to 25.2% from 18.2% in Q3 2023. J.B. Hunt expects its 2024 annual tax rate to be approximately 24.5%.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has announced its schedule for the release of third quarter 2024 earnings. The company plans to issue its earnings report at the close of the market on Tuesday, October 15, 2024. Following this, J.B. Hunt will host a conference call from 4:00-5:00 p.m. CDT on the same day to discuss the quarterly results and address questions from the investment community.
For those interested in participating, an online, real-time webcast of the quarterly conference call will be accessible at investor.jbhunt.com starting at 4:00 p.m. CDT on October 15. Additionally, an online replay of the earnings call webcast will be made available shortly after the call concludes.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has added 20 Nikola Tre fuel cell electric vehicles (FCEVs) to expand sustainability solutions for customers with freight needs along the West Coast. These vehicles will primarily support J.B. Hunt Intermodal operations in California, helping to address shipper concerns with recent carbon emission reduction requirements in the state.
The FCEVs join J.B. Hunt's fleet of over 200 alternative-powered equipment vehicles, including battery-electric, hydrogen-electric, and renewable natural gas (RNG) powered vehicles. This expansion aligns with J.B. Hunt's goal to reduce carbon emission intensity by 32% by 2034 from a 2019 baseline.
J.B. Hunt offers various sustainable solutions for customers, including intermodal conversion, empty-mile reduction, Carbon Diet Services, and the CLEAN Transport™ program. These initiatives have helped avoid an estimated 30 million metric tons of CO2e emissions over the past decade and 4-plus million empty miles in 2023 alone.