XTN - Why J.B. Hunt Transport Services Shares Are Falling Today | Benzinga
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares are trading lower after the company reported second-quarter 2024 results.
Operating revenue fell 7% Y/Y to $2.93 billion, missing the consensus of $3.05 billion.
Revenue declined mainly due to a 5% drop in gross revenue per load in Intermodal (JBI), coupled with decreased load volumes: 25% in Integrated Capacity Solutions (ICS), 9% in Truckload (JBT), and 9% in Dedicated Contract Services (DCS).
Meanwhile, the Final Mile Services (FMS) ...