Comment / ICYMI: JB Hunt’s fall from grace

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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 ...