Looking at the JB Hunt quarterly report released last week, it becomes clear…

Looking at the JB Hunt quarterly report released last week, it becomes clear:
  • Truck load revenue per loaded mile – excluding fuel – is up 19% year over year (YOY)
  • Deadhead down slightly – 18.4% vs. 19.2% YOY
  • Dedicated is a money spinner – $4,544 per tractor/week = $236K per tractor/year
  • Brokerage is killing it:  

    • Revenue up 56% YOY
    • Revenue per load up 39% YOY – and 51% of their load volume is contract – representing 35% of revenue vs 66% and 54% previously
    • Margin 10.8% 
    • 19% more carriers
  • Intermodal revenue flat  but operating income down 16%.  Issues:  rail congestion, lost productivity, and a 2% reduction in cost per load