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Event Summary: J.B. Hunt Transport Services Reports Q2 2024 Earnings In Investor Call

Benzinga ·  Jul 25 22:11

Discover economic bellwether J.B. Hunt's (NASDAQ:JBHT) key insights and observations from the Q2 2024 Earnings Call:

Key Participants:

  • Shelley Simpson, President and CEO
  • John Kuhlow, CFO
  • Spencer Frazier, EVP of Sales and Marketing
  • Nick Hobbs, COO and President of Contract Services
  • Darren Field, President of Intermodal
  • Brad Hicks, President of Highway Services and EVP of People

Segment Performance Drivers:

Intermodal (JBI):

  • Volume down 1% YoY, driven by a 7% decline in the East, partially offset by a 4% increase in transcon business.
  • Strong demand out of Southern California, with volumes up double digits.
  • Margin pressure due to market pressure on yields and...
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