Comment / ICYMI: JB Hunt’s fall from grace

ID 2142280 © Paul Hakimata | Dreamstime.com

19/10/2023

If you joined the JB Hunt Q3 23 call with the analysts after the market closed on Tuesday, you may well have thought for a moment we were still in peak Covid times.

In his prepared remarks, CEO John Roberts stressed that he “was pleased to see the progress in our intermodal segment” – the firm’s core division – “relative to the market in our results”, as JB Hunt gains market share there.

Intermodal Q3 23 sales at almost $1.6bn were down -15% on ...