JB Hunt Transport Services Inc

JBHT: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$741.00	Lwchty	Fmgtwtsm

J.B. Hunt Earnings: Intermodal Volume Uptick Encouraging

Matthew Young

Jan 19, 2024

Narrow-moat J.B. Hunt’s consolidated top line declined 6% year over year (excluding fuel), and sales fell in all segments. That said, we expected declines to persist in the quarter across Hunt's intermodal, trucking, and brokerage operations, driven by sluggish demand and pricing normalization. Also, revenue declines eased sequentially and were in line with our expectations. Importantly, intermodal revenue met our forecast as volumes started to see recovery.

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