Overview
- J.B. Hunt reported first-quarter earnings per share of $1.49 on $3.06 billion in revenue, topping forecasts as operating income rose 16% to $207 million.
- The company removed another $30 million of expenses in the quarter, lifting its annual savings run rate to $130 million and improving its operating ratio to 92.4%.
- Intermodal posted record first-quarter volume with a record week of 46,000 loads, as January dipped, February edged up, and March rose 8% year over year.
- Executives described tightening truckload capacity as a structural shift as weaker operators exit, and they said customers are moving more freight to rail‑truck intermodal that is about 22.5% cheaper than truckload on contract rates.
- The brokerage unit logged a $4.7 million operating loss for a 13th straight quarter as higher spot transportation costs squeezed margins.