JB Hunt Reports Intermodal Segment Growth and Sees Expansion Opportunities
JB Hunt Transport Services reported a 21% year-over-year increase in operating income for its intermodal segment, driven by a 3% volume gain and improved productivity. The company also noted a 2% year-over-year revenue increase to $1.5 billion for Q1. The carrier is looking to grow its intermodal business by utilizing its existing capacity and is benefiting from rising fuel costs and tighter trucking capacity.
Tickers: $JBHT
Topics: capacity utilization intermodal growth operating income revenue growth