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Stock impact report

JB Hunt sees opportunity for intermodal growth [Yahoo! Finance]

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: Yahoo! Finance
Dive Brief: A 3% volume gain, calculated cuts and improved productivity fueled a 21% year-over-year jump in operating income for J.B. Hunt Transport Services intermodal segment, the carrier reported Wednesday. That's the first time that both metrics improved YoY since Q3 2022. The carrier reported intermodal Q1 operating income of $114.5 million. Revenues for the quarter totaled $1.5 billion, up 2% YoY, per the release. "We set a record for first quarter volume," EVP and Intermodal President Darren Field said on an analysts' call Wednesday . "The strength in demand was broad-based among customers and across the network." Dive Insight: Field said the company is seeking ways to grow its intermodal business, adding “that's our plan in J.B. Hunt is grow into our excess capacity.” “We think our network can support up to 20% more volume,” he said. “I don't think we're necessarily talking about taking capacity out as much as we're talking about growing into our prefunded capacit Show less Read more
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