JB Hunt Trans Stock Price, News & Analysis

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) ranked seventh on FreightWaves’ 2023 FreightTech 25 list, marking its fifth consecutive year receiving this recognition. Innovations in technology and logistics have driven its growth, including enhancements to the J.B. Hunt 360° platform, expansion of the J.B. Hunt 360box® freight program, and a partnership with Waymo for autonomous transport. The company aims to grow its intermodal fleet to 150,000 containers in the next few years to address capacity constraints, demonstrating its commitment to improving transportation efficiency in North America.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will present at the Baird 2022 Global Industrial Conference on November 8 at 11:15 a.m. ET. President Shelley Simpson, along with other executives, will discuss the company's performance and strategies. The event will be accessible live via the company's website. J.B. Hunt cautions that forward-looking statements made during the conference may involve risks and uncertainties that could lead to actual results differing materially.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has declared a quarterly dividend of $0.40 per share. This dividend will be paid to stockholders of record on November 4, 2022, and the payment will be made on November 18, 2022. As a Fortune 500 and S&P 500 company, J.B. Hunt employs an integrated multimodal approach to provide supply chain solutions across North America, enhancing efficiency and flexibility for various customers.

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.