1820 ET - J.B. Hunt eliminated more than $20 million in cost-to-serve expenses in the third quarter as part of its new cost-savings initiative. For the most recent quarter, J.B. Hunt balanced networks and improved service efficiencies. The logistics company aims to remove $100 million of instructional costs. The majority of the savings from the initiative are expected to be realized in 2026, Chief Financial Officer Brad Delco told analysts. The company plans to provide an update each quarter on how much it has eliminated in costs. Shares gain 12% to $156 in after-hours trading. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
October 15, 2025 18:20 ET (22:20 GMT)
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