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Stock impact report

J.B. Hunt Transport Services, Inc. Announces Arbitration Update and Other Third Quarter 2018 Items

J.B. Hunt Transport Services, Inc. (JBHT) 
Last j.b. hunt transport services, inc. earnings: 4/14 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: jbhunt.com/company/investor_relations
Company Research Source: Business Wire
LOWELL, Ark.--(BUSINESS WIRE)-- J.B. Hunt Transport Services, Inc., (NASDAQ:JBHT) (“JBHT”) announced today receipt of the arbitrators’ Interim Award on October 5, 2018 in J.B. Hunt Transport, Inc.’s arbitration with BNSF Railway Company (“BNSF”). The details of the Interim Award are confidential; however, we are pleased with several determined components of the Interim Award. The parties are required to submit additional information requested by the arbitrators over the next several months to decide the remaining unresolved matters. However, JBHT will incur an $18.3 million pre-tax charge in the third quarter 2018, related to certain charges claimed by BNSF for specific services requested for customers from April 2014 through May 2018. While the parties disagree on the other financial implications from the Interim Award, we believe such implications will not be fully determined until the arbitrators issue additional Show less Read more
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