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J.B. Hunt misses out on revenue estimates on higher expenditures, lower truck count

U.S. trucking firm J.B. Hunt Transportation Services missed out on Wall Street quotes for fourthquarter revenue on Thursday, as high expenditures and a lower truck count weighed on earnings.

Repositioning costs connected to network imbalances, in addition to driver hiring and onboarding expenditures, rose in the quarter to support customers' peak season demand, the business stated, referring to its largest section, intermodal.

Intermodal shipping includes transferring products by means of two or more ways of transportation.

J.B. Hunt's operating earnings from intermodal shipping fell 10% during the reported quarter, regardless of a 5% year-over-year boost in volumes.

In its committed contract services segment, there were 605 less income producing trucks in the fleet during the 4th quarter, representing a 4% decrease in typical trucks as consumers picked to scale down fleets.

The trucking market in the U.S. has actually continued to follow a. down pattern since 2022 owing to higher capability, lower rates. and a minimal improvement in volumes. Experts, however, expect. the situation to enhance by the 2nd half of 2025 buoyed by a. significant increase in rates.

For the quarter ended Dec. 31, the company published earnings of. $ 3.15 billion, down 5% from in 2015, and approximately in-line with. experts' price quotes, as per LSEG data.

The Arkansas-based company reported a profit of $1.53 per. share, missing out on experts' price quote of $1.61 each.

Shares of the company were down 1.8% in prolonged trading.

(source: Reuters)