It’s a good time to be a trucker: J B Hunt

Just read the underlined and you’ll get the whole story.

2Q 2022 Revenue, excluding Fuel Surcharge: $3.16 billion; up 21% — it’s not just fuel pushing the top line

 

Intermodal Revenue: $1.83 billion; up 42% with Operating Income: $202.5 million; up 50% but only an 8% increase in volume.  Length of haul is down and revenue per load is up $820 or 31%

 

Dedicated Contract Services Revenue: $863 million; up 39% with Operating Income: $89.2 million; up 13%, revenue /truck/week now $5380 up 14%

 

Integrated Capacity Solutions (Brokerage) Revenue: $623 million; up 3% with Operating Income: $23.6 million; up 658% Profit margin is now 16.2% vs. 10.5% last quarter and loads were down ~2%

 

Truckload Revenue: $269 million; up 46% with Operating Income: $25.0 million; up 76% with only 14% more loads.

31 week Jb Hunt
31 week Jb Hunt

Future delivery prices are an indication of the direction the market may go. They specifically exclude all taxes.