JB Hunt Transport Services Inc - JBHT STOCK NEWS

J.B. Hunt Transport Services has authorized a new share repurchase program worth $500 million for its common stock. The repurchase will depend on market conditions and cash flows, and the program may be suspended or discontinued at any time without notice. This initiative aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and benefiting stock performance. Investors should remain aware of the variable timing associated with the repurchases.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has announced a quarterly dividend of $0.40 per share. This dividend will be distributed to stockholders on record as of August 5, 2022, with payment scheduled for August 19, 2022. The company operates as a component of the S&P 500 and provides a range of supply chain solutions across North America, utilizing an integrated, multimodal approach to enhance operational efficiency and flexibility.

J.B. Hunt Transport Services announces the appointment of Shelley Simpson as president, effective August 1, 2022. Simpson, with 28 years at the company, has held various executive roles, most recently as chief commercial officer. Under her leadership, J.B. Hunt has nearly doubled its revenue since 2017, reporting $14 billion in the trailing 12 months. The company operates one of the largest fleets in North America with about 111,000 intermodal containers and 20,000 tractors, while also leading in digital freight matching technology through J.B. Hunt 360.

J.B. Hunt Transport Services achieved remarkable financial growth in Q2 2022, reporting $3.84 billion in total revenue, a 32% increase year-over-year. Operating income surged 46% to $353.1 million, while earnings per share rose 50% to $2.42. All segments contributed, especially Intermodal (JBI) with 42% revenue growth. Despite challenges like increased operating costs and market inefficiencies, the company remains optimistic, forecasting a 23.5%-24.5% tax rate for 2022.

J.B. Hunt Transport Services announced the opening of its first transload service facility on the West Coast, aimed at supporting international cargo and enhancing inland transport efficiency. Located near Los Angeles and Long Beach, the facility will provide port drayage and transloading services, minimizing costs and accelerating freight delivery. With a dedicated fleet for inbound ocean freight, J.B. Hunt aims to streamline operations and improve container velocity. The facility features a 91,000-square-foot warehouse and capacity for 300 containers, enhancing access to J.B. Hunt's intermodal services.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will release its second quarter 2022 earnings on July 19, 2022, after market close. A conference call to discuss the results is scheduled from 4:00-5:00 p.m. CDT on the same day. The call will be accessible via a live webcast at investor.jbhunt.com. A replay will be available shortly after the call. The press release includes caution regarding forward-looking statements and encourages referencing the company’s Annual Report for potential risk factors.

J.B. Hunt Transport Services (NASDAQ: JBHT) announced the arrival of the cargo vessel Johnelle at the Port of Everett with over 250 new containers. This move expands J.B. Hunt’s intermodal fleet, which aims to grow to 150,000 containers within 3-5 years. A second vessel, Johnnie Bryan, will soon dock in California. The partnership with Swire Shipping enhances overseas transport efficiency, reducing cargo delivery times and addressing supply chain challenges. J.B. Hunt’s intermodal service provides significant sustainability benefits, cutting emissions by up to 60% compared to traditional transport methods.

J.B. Hunt Transport Services and Waymo have announced a new pilot project to advance autonomous trucking technology, delivering goods for Wayfair. This six-week initiative will operate along the I-45 corridor between Houston and Dallas and marks the first significant transportation of retail freight using Waymo's Driver technology. Following a successful previous pilot, this collaboration aims to enhance logistics and improve efficiency in freight transport, with both companies monitoring various performance metrics throughout the trial.

J.B. Hunt Transport Services, Inc. announced it will host the Freedom Drivers Project, a mobile exhibit focused on human trafficking awareness, in partnership with the Arkansas Trucking Association. The exhibit will take place on June 24 at the J.B. Hunt Corporate Campus and on June 25 during the Arkansas Truck Driving Championship. The initiative aims to raise community awareness about human trafficking and empower the public to recognize and report it, having traveled over 15,000 miles since its inception.