J.B. Hunt's fourth-quarter profit rises on cost cuts

Reuters
01/16
J.B. Hunt's fourth-quarter profit rises on cost cuts

Jan 15 (Reuters) - U.S. trucking firm J.B. Hunt Transport Services JBHT.O reported a higher fourth-quarter profit on Thursday, driven by strong peak-season shipping demand and cost-reduction efforts across the business.

The peak holiday shipping season, which runs from late November into early January, is critical for freight shippers as volumes surge, and carriers often add seasonal surcharges.

The company has been pursuing cost reductions to boost efficiency, as the trucking market remains in a more than three-year-long downturn marked by excess capacity and only seasonal uptick in volumes, which has kept rates depressed.

However, expectations for a U.S. trucking market turnaround in 2026 are gaining momentum, driven in part by federal regulations to drastically restrict commercial driver licenses to non-U.S. citizens, tightening truckload capacity. But experts warn that freight volumes must pick up for a meaningful recovery.

Intermodal volumes at J.B. Hunt, which involve shipping goods via two or more modes of transport, fell 2% year-over-year in the reported quarter.

The Arkansas-based company reported revenue of about $3.10 billion for the quarter ended December 31, compared with roughly $3.15 billion a year ago.

Quarterly revenue at its final mile services fell 10% to $206 million from a year earlier.

The company's shares were down about 4% in after-market trade.

J.B. Hunt reported fourth-quarter profit of $181.1 million, or $1.90 per share, up from $155.4 million, or $1.53 per share, a year earlier.

(Reporting by Abhinav Parmar and Nathan Gomes in Bengaluru; Editing by Alan Barona)

((Abhinav.Parmar@thomsonreuters.com;))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10