by Priyamvada C (Reuters) U.S. trucking firm J.B. Hunt Transport Services ($JBHT) quarterly results missed market expectations on Wednesday, hit by lower intermodal volumes and high driver wages.
Supply chain disruptions and port logjams have put pressure on intermodal volumes at trucking companies and railroad firms, depressing results in 2022. Intermodal transportation means moving of freight by two or more modes of transportation, usually from a train to a tractor or ship, or vice versa.
A shortage of drivers has also piled pressure on truck operators who have had to shell out more pay to attract and retain drivers.
J.B. Hunt on Wednesday also said its unit would award nearly $9 million in appreciation bonuses to full-time company drivers and full-time hourly maintenance and office employees.
The group’s total operating expenses rose by 6% to $3.37 billion in the fourth quarter, whereas volumes at its intermodal business, its biggest segment, fell by 1%.
The company reported a profit of $1.92 per share for the quarter through December, compared with analysts’ average estimate of $2.46 per share, as per Refinitiv data.
Its revenue increased by 4% to $3.65 billion but missed expectations of $3.82 billion.
(Reporting by Priyamvada C in Bengaluru; Editing by Milla Nissi, Reuters)
Transmarine Navigation Corporation (TNC) and T. Parker Host (HOST) have announced a merger, creating what industry insiders are calling a “marine logistics powerhouse” with combined operations spanning both U.S. coasts...
By Gavin van Marle (The Loadstar) – Despite ongoing reports and warnings of worsening port congestion levels in North European ports, container shipping lines’ schedule reliability to the region saw a...
China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people familiar with the matter, in an effort to ease Beijing’s concerns over the controversial deal.
June 18, 2025
Total Views: 2443
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 109,120 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 109,120 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.