Results from JB Hunt confirm Cass Freight Index – up 11% from May and 27.9% compared to…

Results from JB Hunt confirm Cass Freight Index – up 11% from May and 27.9% compared to June 2019. JBH’s revenue is up 36% and profits up 38%.  Segments (year over year):
  • Intermodal (JBI) revenue grew 21%, driven by a 6% increase in volume and a 15% increase in revenue per load
  • Brokerage revenue up 100% – with revenue per load up a whopping 66%… mostly from spot rates.  Contract rates (about half the total volume) were only up 35%
  • Truckload revenue up 70% with a huge 58% increase in revenue per load and 5% more loads  (they added 130 power units) 
  • Dedicated revenue up 17% – they added >800 tractors
It is ugly out there – but you knew that.  Now you can tell your boss.  The only silver lining – JBH is adding capacity (Tractors) and the brokerage unit is making the supply chain more efficient.
 
Separately, congratulations to one of the family:  AutoScheduler.ai, the system that tells the WMS what to do and when to do it (aka schedules activities), is mentioned in the Gartner Hype Cycle as adding “high value” – see more here or schedule a rapid assessment here