In 4Q17, Werner Enterprises (WERN) reported revenue of $567.4 million. The company beat Thomson Reuters–surveyed analysts’ consensus revenue estimate of $553.8 million by 2.4%.
The ATA’s advanced seasonally adjusted index of for-hire trucks rose 3.3% to 147.6 in October 2017 on a sequential basis, from 142.9 in the previous month.
Looking at US truckload carriers’ forward dividend yields, we see that Ryder System (R) has the highest yield, followed by JB Hunt Transport Services (JBHT).
Trucks currently haul ~70% of all merchandise shipped in the United States. Volumes are expected to reach ~10.7 billion tons in 2017 with $719 billion in revenues.
J.B. Hunt’s Integrated Capacity Solutions segment reported a 16% YoY (year-over-year) rise in 3Q17, reaching $269.0 million, compared with $233.0 million in 3Q16.
The International Brotherhood of Teamsters, a major labor organization in the US, has been fighting against the implementation of legislation on autonomous trucks in the US.
J.B. Hunt Transport Services (JBHT) is expected to announce its 2Q17 earnings on the morning of July 17, 2017. Although JBHT’s earnings are under pressure, its revenue growth has been steady.
Trucking companies’ fuel surcharge revenues are directly tied to fuel prices. With the momentum in fuel prices, surcharge revenues are expected to pick up.
On April 10, 2017, the North American trucking sector woke up to the ringing of merger bells. Major truckload carriers Swift Transportation and Knight Transportation announced that they would combine.
the Intermodal segment remains J.B. Hunt Transport Services’ largest segment. In 3Q16, this segment contributed 57% of the company’s total operating revenue.
The average operational truck count in Swift Transportation’s Refrigerated segment has dropped by 220 trucks, or by 11.8%, in 2Q16, as compared to 2Q15.
J.B. Hunt (JBHT) predominantly uses debt for the purchase of revenue equipment. Usually, a truck is replaced in four years. However, the company didn’t replace trucks purchased from 1998–2000.
J.B. Hunt Transport (JBHT) has a network of roughly 89 cross-dock locations throughout the US to support the company’s final-mile, or last-mile, delivery services.
For the full year, J.B. Hunt Transportation’s revenues grew 10% year-over-year to reach $6.2 billion. Earnings per share stood at $3.16 for fiscal 2014.
David Congdon is currently ODFL’s CEO and president. He has been named as one of the top three CEOs in the airfreight and surface transportation sector.
Swift Transportation (SWFT) is one of the strongest players in the Intermodal segment. It has a large and strong network. Its network spreads across the US.
Swift’s Dedicated segment includes the long-term contracts with its customers. The contracts guarantee that it will have adequate capacity during peak periods.
In 2015, J.B. Hunt (JBHT) expects its revenues to grow steadily at ~9–12%. It also expects stronger operating income. JBHT expects to add $260 million worth of new fleet.
JBHT is also diversifying into newer industries to include various other products for delivery and installation. In the future, JBHT plans to keep its focus on customer service.
Before we discuss J.B. Hunt’s (JBHT) operations, let’s take a look at important terminology in the trucking industry. LTL shipping is the transportation of relatively small freight.
