J.b. Hunt Transport Services, Inc. · NASDAQ:JBHT
J.b. Hunt Transport Services — Q2 2025 Earnings Presentation
19 slides from J.b. Hunt Transport Services's earnings presentation, 2025
Slide 1: J.B. Hunt Transport Services, Inc. 2Q 2025 Results
J.B. Hunt Transport Services, Inc. 2Q 2025 Results
Slide 2: Disclosure
Disclosure This presentation and discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates,” or similar expressions are intended to identify these forward-looking stateme
Slide 3: Distinct & Complementary Businesses
Distinct & Complementary Businesses 6% Intermodal (JBI) 2Q 2025 Revenue Mix 7% • Largest, 100% 53’ high-cube container fleet • Largest drayage fleet in North America 9% • Priority loading and unloading at major rail terminals Dedicated Contract Services® (DCS®) 49% • Fleet creation, conversion, and
Slide 4: 2Q 2025 Results vs. 2Q 2024
2Q 2025 Results vs. 2Q 2024 Overview Segment Performance 2Q 2025 Revenue: Intermodal (JBI) $2.93 billion; flat Revenue: $1.44 billion; up 2% Operating Income: $95.7 million; down 4% 2Q 2025 Revenue, excl FSC: $2.58 billion; up 1% Dedicated Contract Services (DCS) Revenue: $847 million; flat 2Q 2025
Slide 5: 2Q Results Consolidated
2Q Results Consolidated Operating Income (in millions) Revenue (in millions) $14,814 $1,400 $1,332 $1,200 $14,000 $1,046 $993 $1,000 $12,830 $831 $12,168 $12,087 $800 $716 $721 $734 $713 $681 $12,000 $624 $600 $400 $206 $197 $10,000 $9,637 $200 $9,165 $- $8,615 2015 2016 2017 2018 2019 2020 2021 202
Slide 6: Segment Discussion
Segment Discussion
Slide 7: Intermodal (JBI)
Intermodal (JBI) JBI Revenue (in millions) $7,022 Intermodal volume increased 6% over the same period in 2024. $7,000 Transcontinental network loads decreased 1%, while eastern network $6,207 loads increased 15% compared to the second quarter 2024. Overall $5,956 demand for our intermodal service re
Slide 8: Intermodal (JBI) Performance
Intermodal (JBI) Performance JBI Revenue Change JBI Operating Income Change 40% 41% 40% 33% 29% 30% 20% 17% 20% 10% 0% 2% 0% -4% -4% -1% -20% -10% -4% -29% -25% -12% -20% -40% FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 2Q Y/Y FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 2Q Y/Y JBI Averag
Slide 9: Dedicated Contract Services (DCS)
Dedicated Contract Services (DCS) DCS Revenue (in millions) $3,524 $3,543 $3,396 DCS revenue was flat compared to the same period 2024 $3,500 driven by a 3% decline in average trucks offset by a 3% increase in productivity (revenue per truck per week). Productivity excluding fuel surcharge revenue i
Slide 10: Dedicated Contract Services (DCS)
Dedicated Contract Services (DCS) DCS Revenue Change DCS Operating Income Change 40% 20% 30% 15% 13% 30% 12% 23% 10% 20% 10% 0% 3% 0% 1% 0% 0% -3% -4% -7% -10% -10% FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 2Q Y/Y FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 2Q Y/Y DCS Revenue Per Truck
Slide 11: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS Revenue (in millions) $2,471 ICS revenue declined 4% during the current quarter $2,500 $2,323 compared to the second quarter of 2024. Overall segment volume decreased 9% versus the prior-year period. Revenue $2,250 per load increased 6% due to increases on con
Slide 12: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS Revenue Change ICS Operating Income/(Loss) (in millions) $57.6 60% 49% $50.0 $39.9 40% 23% $30.0 20% $10.0 0% ($10.0) -$3.6 -6% -4% -$11.1 -$13.3 -20% ($30.0) -18% -40% ($50.0) -$44.7 -$44.1 -40% -$55.9 -60% ($70.0) FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24
Slide 13: Final Mile Services (FMS)
Final Mile Services (FMS) FMS Revenue (in millions) $1,042 $1,000 FMS revenue decreased 10% compared to the same period $909 $918 $910 2024. The decrease was primarily driven by general softness in demand across a majority of the end markets served and ongoing efforts to improve revenue quality and
Slide 14: Final Mile Services (FMS)
Final Mile Services (FMS) FMS Revenue Change FMS Operating Income/(Loss) (in millions) 40% $60.1 32% $55.0 $46.7 30% 22% $45.0 $34.3 $36.6 20% 15% $35.0 10% $25.0 $19.8 0% $15.0 $8.0 -1% $5.0 -10% -10% -$5.0 -$0.9 -12% -20% -$15.0 -$8.8 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 FY24/FY23 2Q Y/Y 2019 2
Slide 15: Truckload (JBT)
Truckload (JBT) JBT Revenue (in millions) JBT revenue increased 5% compared to the same period in $1,000 the previous year. Revenue excluding fuel surcharge revenue $937 increased 8% driven by a 13% increase in load volume partially offset by a 4% decline in revenue per load excluding fuel surcharge
Slide 16: Truckload (JBT)
Truckload (JBT) JBT Average Effective Trailing Equipment JBT Average Length of Haul 16,000 700 652 629 646 611 13,000 12,552 12,600 600 570 12,144 548 12,000 10,611 500 415 420 7,844 400 8,000 7,321 6,497 300 200 4,000 100 - - 2019 2020 2021 2022 2023 2024 2Q 24 2Q 25 2019 2020 2021 2022 2023 2024 2
Slide 17: Summary
Summary Competitively Differentiated Unique intermodal network Distinct advantages in dedicated segments Network economics and brand strength to penetrate new markets Complemented by Industry Dynamics Shippers need to reduce costs Shippers demand on-time service Increasingly complex supply chains Po
Slide 18: Balance Sheet
oe Balance Sheet J.B. HUNT TRANSPORT SERVICES, INC. Condensed Consolidated Balance Sheets (in thousands) (unaudited) June 30, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 50,901 $ 46,983 Accounts Receivable, net 4,182,175 4,224,168 Prepaid expenses and other 453,748 499,
Slide 19: Thank You
Thank You [zznum. |} People. Technology. Capacity... ”»
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