J.B. Hunt Reports Q4 Revenue Decline as Freight Volumes Fall

The transportation giant missed earnings expectations, citing a challenging freight market and cost pressures.

J.B. Hunt's Q4 revenue dropped 5% year-over-year to $3.15 billion, falling short of analyst expectations.
Earnings per share (EPS) came in at $1.53, missing the consensus estimate of $1.62, partially due to a $16 million intangible asset impairment charge.
All business segments experienced revenue declines, with intermodal revenue down 2% despite record load volumes, as cost pressures and pricing headwinds weighed on margins.
CEO Shelley Simpson described 2024 as a continuation of a difficult freight environment and emphasized a focus on margin improvement and financial recovery in 2025.
Shares of J.B. Hunt fell 7% on Friday, extending a 10% decline over the past year as the company forecasted further pressure on operating income in early 2025.