JBHT - J.B. Hunt Transport Services GAAP EPS of $1.81 misses by $0.11 revenue of $3.13B misses by $160M

2023-07-18 16:09:53 ET

• J.B. Hunt Transport Services press release ( NASDAQ: JBHT ): Q2 GAAP EPS of $1.81 misses by $0.11 .
• Revenue of $3.13B (-18.5% Y/Y) misses by $160M .
• he decline in revenue was primarily driven by a decrease in revenue per load of 24% in Integrated Capacity Solutions, 13% in Intermodal, and 21% in Truckload, and a 4% decline in productivity in Dedicated Capacity Solutions, as a result of changes in customer rate, freight mix and lower fuel surcharge revenue.
• Current quarter total operating revenue, excluding fuel surcharge revenue, decreased 14% versus the comparable quarter 2022.
• Total freight transactions in the Marketplace for J.B. Hunt 360°® decreased 40% to $336 million in the second quarter 2023 compared to $556 million in the prior year quarter.
• Shares -1.68% .

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