By Connor Hart

J.B. Hunt Transport Services logged lower profit and revenue in the first quarter, hurt by fewer trucks carrying lighter loads.

The trucking and logistics company posted a profit of $117.7 million for its three months ended March 31, compared with $127.5 million a year earlier.

On a per-share basis, quarterly earnings of $1.17 topped the $1.15 that analysts surveyed by FactSet expected.

Revenue edged 0.8% lower to $2.92 billion, but came in just ahead of the $2.9 billion that analysts modeled.

The company attributed the lower top line to a 5% decrease in average trucks in its dedicated contract services unit, as well as 15% fewer stops in its final mile services segment. Additionally, J.B. Hunt's integrated capacity solutions arm notched fewer total loads, and its truckload segment posted lower year-over-year gross revenue per load.

The Lowell, Ark., carrier's intermodal business--the combined truck-rail business that provides nearly half of its overall revenue--recorded revenue of $1.47 billion, up 5% from a year ago. The company said overall demand for its domestic offerings remained strong.

The gain was more than offset by falling revenues across the company's other segments.

Sales across its dedicated contract services unit fell 4% to $822 million, as an increase in productivity was more than offset by the decline in average trucks.

J.B. Hunt's integrated capacity solutions segment reported sales of $268 million, down 6%, while revenue from its truckload segment slid 7% to $167 million.

Final mile services revenue tumbled 12% to $201 million, hurt by what the company called a general weakness across end markets.

Shares fall 6%, to $127, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 15, 2025 16:41 ET (20:41 GMT)

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