J.B. Hunt Reports 18% Intermodal Volume Surge in Eastern Network
What happened
J.B. Hunt Transport Services Inc. reported solid third-quarter intermodal growth, with overall volume increasing 8% compared to last year. The company noted that volume rose 18% in its Eastern network, a trend attributed to tight truckload carrier capacity in the region. J.B. Hunt's Q3 revenue increased 20% year-over-year, though profit before interest and taxes declined 2% from the second quarter.
From trains.com
Why it matters
The surge in intermodal volume and tight carrier capacity in the Eastern network suggest that higher rates are expected in the near future. Darren Field, president of intermodal, stated that the time has come for intermodal rates to rise.
From trains.com
Who's involved
- FieldPresident of intermodal at J.B. Hunt Transport Services Inc.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Morgan StanleySpeculative
Morgan Stanley might need to update market trend analysis based on the new third-quarter earnings data.