Dray

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the First Quarter 2024

Retrieved on: 
Tuesday, April 16, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Internet, ICS, Phase 10, J. B. Hunt, JBI, Insurance, Intermodal transport, JBHT, FMS, Dray, Operating cost, DCS, CDT, Share repurchase, JBT, Transcontinental, Overalls, Music

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2024 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $127.5 million, or diluted earnings per share of $1.22 versus first quarter 2023 net earnings of $197.8 million, or $1.89 per diluted share.

Key Points: 
  • J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2024 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $127.5 million, or diluted earnings per share of $1.22 versus first quarter 2023 net earnings of $197.8 million, or $1.89 per diluted share.
  • Operating income for the current quarter decreased 30% to $194.4 million versus $277.5 million for the first quarter 2023.
  • First Quarter 2024 Segment Revenue: $1.40 billion; down 9%
    First Quarter 2024 Operating Income: $101.9 million; down 40%
    Intermodal volume was flat versus the same period in 2023.
  • Our net capital expenditures for the first quarter 2024 approximated $166 million compared to $380 million for the first quarter 2023.

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for Both the Fourth Quarter and Year Ended December 31, 2023

Retrieved on: 
Thursday, January 18, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Transcontinental, Overalls, JBI, Average cost, ICS, Share repurchase, Dray, Insurance, J. B. Hunt, DCS, JBT, Sale, CST, JBHT, Acquisition, Internet, Operating cost, FMS, Last, Video game

Operating income for the current quarter decreased 28% to $203.3 million versus $281.9 million for the fourth quarter 2022.

Key Points: 
  • Operating income for the current quarter decreased 28% to $203.3 million versus $281.9 million for the fourth quarter 2022.
  • In addition, fourth quarter 2023 included a $15.0 million net increase in loss on sale of equipment compared to the prior-year period.
  • Net interest expense in the current quarter increased primarily from higher interest rates and a higher average outstanding debt balance compared to fourth quarter 2022.
  • Fourth Quarter 2023 Segment Revenue: $1.62 billion; down 7%
    Fourth Quarter 2023 Operating Income: $129.9 million; down 28%
    Intermodal volume increased 6% over the same period in 2022.

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the Third Quarter 2023

Retrieved on: 
Tuesday, October 17, 2023
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Share repurchase, CDT, Internet, FMS, JBI, JBL, Insurance, Dray, Transcontinental, JBT, Marketplace, DCS, Maintenance, ICS, Operating cost, JBHT, Sale, Generally Accepted Accounting Principles (United States), Video game, Life insurance, Rare-earth element, Clothing, Beauty salon, Music, Cryptocurrency, Truckload shipping, Intermodal transport

J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced third quarter 2023 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $187.4 million, or diluted earnings per share of $1.80 versus third quarter 2022 net earnings of $269.4 million, or $2.57 per diluted share.

Key Points: 
  • J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced third quarter 2023 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $187.4 million, or diluted earnings per share of $1.80 versus third quarter 2022 net earnings of $269.4 million, or $2.57 per diluted share.
  • In addition, third quarter 2023 included an $8 million net loss from the sale of equipment compared to a negligible net gain in the prior-year quarter.
  • Third Quarter 2023 Segment Revenue: $1.56 billion; down 15%
    Third Quarter 2023 Operating Income: $128.0 million; down 41%
    Intermodal volume increased 1% over the same period in 2022.
  • Third Quarter 2023 Segment Revenue: $892 million; down 4%
    Third Quarter 2023 Operating Income: $102.4 million; down 4%
    DCS revenue decreased 4% during the current quarter over the same period 2022.

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the Second Quarter 2023

Retrieved on: 
Tuesday, July 18, 2023
Fleet Management, Automotive, Other Transport, Trucking, Supply Chain Management, Logistics, Transport, Retail, Operating cost, Insurance, Maintenance, JBL, Share repurchase, Marketplace, Internet, Last, Generally Accepted Accounting Principles (United States), Sale, ICS, JBT, J. B. Hunt, Risk, JBHT, Dray, DCS, JBI, CDT, FMS, Video game, Beauty salon, Cargo, Cryptocurrency, Truckload shipping, Intermodal transport

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced second quarter 2023 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $189.6 million, or diluted earnings per share of $1.81 versus second quarter 2022 net earnings of $255.3 million, or $2.42 per diluted share.

Key Points: 
  • J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced second quarter 2023 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $189.6 million, or diluted earnings per share of $1.81 versus second quarter 2022 net earnings of $255.3 million, or $2.42 per diluted share.
  • Operating income for the current quarter decreased 23% to $270.7 million versus $353.1 million for the second quarter 2022.
  • In addition, second quarter 2023 included a $4 million net loss from the sale of equipment compared to a $3 million net gain in the prior year quarter.
  • Second Quarter 2023 Segment Revenue: $344 million; down 43%
    Second Quarter 2023 Operating (Loss)/Income: $(4.4) million; vs. $23.2 million in Q2'22
    ICS revenue declined 43% during the current quarter versus the second quarter 2022.

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the First Quarter 2023

Retrieved on: 
Monday, April 17, 2023
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Operating cost, Pressure, Maintenance, Share repurchase, Marketplace, Internet, Last, Generally Accepted Accounting Principles (United States), Movement, Sale, ICS, JBT, Acquisition, J. B. Hunt, Investment, Risk, JBHT, Dray, DCS, JBI, CDT, FMS, Bank, Video game, Security (finance), Beauty salon, Cargo, Rail transport, Music, Truckload shipping, Zenith, Intermodal transport

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2023 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $197.8 million, or diluted earnings per share of $1.89 versus first quarter 2022 net earnings of $243.3 million, or $2.29 per diluted share.

Key Points: 
  • J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2023 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $197.8 million, or diluted earnings per share of $1.89 versus first quarter 2022 net earnings of $243.3 million, or $2.29 per diluted share.
  • Operating income for the current quarter decreased 17% to $277.5 million versus $334.3 million for the first quarter 2022.
  • In addition, first quarter 2023 included a $6 million net loss from the sale of equipment compared to a $17 million net gain in the prior year quarter.
  • The effective income tax rate increased to 24.7% in the current quarter compared to 24.4% in the first quarter 2022.

INROADS WELCOMES DRAY YARBROUGH AS ITS FIRST CHIEF TECHNOLOGY OFFICER

Retrieved on: 
Thursday, February 16, 2023
Data management, Family, Dray, Information system, Bob's Discount Furniture, Student, Knowledge, System, 3D printing, Science

ATLANTA, Feb. 16, 2023 /PRNewswire/ -- INROADS welcomes Dray Yarbrough as its new Chief Technology Officer.

Key Points: 
  • ATLANTA, Feb. 16, 2023 /PRNewswire/ -- INROADS welcomes Dray Yarbrough as its new Chief Technology Officer.
  • "I am extremely excited to join INROADS as our first Chief Technology Officer.
  • "As the first Chief Technology Officer of INROADS, Dray will lead our digital transformation strategies," said Forest T. Harper, Jr., President and CEO.
  • Prior to joining INROADS, Dray was the VP of Web Application Development at Bob's Discount Furniture.

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for Both the Fourth Quarter and Year Ended December 31, 2022

Retrieved on: 
Wednesday, January 18, 2023
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Marketplace, DCS, Insurance, JBT, J. B. Hunt, FMS, Safety, Internet, Dray, CST, Maintenance, Generally Accepted Accounting Principles (United States), JBI, Last, Share repurchase, Acquisition, ICS, Investment, JBHT, Airline, Video game, Life insurance, Con-way Truckload, Intermodal transport, Zenith

Total operating revenue for the current quarter was $3.65 billion, compared with $3.50 billion for the fourth quarter 2021, an increase of 4%.

Key Points: 
  • Total operating revenue for the current quarter was $3.65 billion, compared with $3.50 billion for the fourth quarter 2021, an increase of 4%.
  • U.S. GAAP operating income for the current quarter totaled $281.9 million versus $322.5 million for the fourth quarter 2021.
  • Net interest expense in the current quarter increased primarily from higher interest rates from fourth quarter 2021.
  • Fourth Quarter 2022 Segment Revenue: $1.75 billion; up 11%
    Fourth Quarter 2022 Operating Income: $179.5 million; down 8%
    Intermodal volume decreased 1% over the same period in 2021.

ITS Logistics December Port/Rail Ramp Index: Lack of Ocean Chassis at Inland Rail Ramps Proves to be a Concern

Retrieved on: 
Tuesday, December 13, 2022
National academy, NAS, Quality of life, Outline, Federal Maritime Commission, Congestion, Logistics, Congress, Intermodal transport, SACP, National Academies of Sciences, Engineering, and Medicine, FMC, Third-party logistics, Dray, IPI, Index, Rail freight transport, Pacific Ocean, Science

This month the index reflects normal status at all US port container dray operations, but a lack of ocean chassis availability at both the West and East Inland Rail Ramps raises alarm bells.

Key Points: 
  • This month the index reflects normal status at all US port container dray operations, but a lack of ocean chassis availability at both the West and East Inland Rail Ramps raises alarm bells.
  • “Chassis at the rail ramp has been one of the biggest challenges that the supply chain industry is facing,” said Paul Brashier, Vice President, Drayage and Intermodal for ITS Logistics.
  • More and more freight is moving interior point intermodal (IPI) now, and we are concerned about those chassis that are available in the pool.
  • Ocean and domestic container rail ramp operations are also highlighted in the index for both the West Inland and East Inland regions.

Dray Alliance Enabling Chassis Availability to Reduce “Dry Runs”

Retrieved on: 
Thursday, July 28, 2022
POLB, GLOBE, Human, CEO, Dray, POLA, Port of Long Beach, Technology, Cikarang Dry Port, Anna Poole, Lady Poole, Entrepreneurship, API, Pool, Rail freight transport

In 1H 2022, 84% of Dray Alliance’s transactions at the ports of Los Angeles and Long Beach were dual transactions--returning an empty container and freeing up the corresponding chassis to be used for another load. Dray Alliance’s rate of dual transactions was 30% higher than averages reported by four terminals at Port of Long Beach and Port of Los Angeles, according to available data.

Key Points: 
  • LONG BEACH, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Dray Alliance 's focus on dual transactions is resulting in more chassis availability for its driver network, and reducing dry runs.
  • Dry runs cost everybody time and money, especially drivers said Steve Wen, Co-Founder and CEO, Dray Alliance.
  • Dray Alliance leverages the strength of our carrier network to retrieve empty containers and get them and the chassis back into the terminal and back into circulation.
  • Steve Wen is the Co-founder and CEO of Dray Alliance, and was named to Forbes 2022 30 under 30 list.

Dray Alliance Reports 83% Dual Transaction Rate Year to Date in 2022, Outpacing Averages from Ports of LA and Long Beach by more than 30%

Retrieved on: 
Monday, June 13, 2022
Â, Entrepreneurship, Food, LLC, CEO, API, GLOBE, Technology, Dray, Industry, HTA, Warehouse, Rail freight transport

Dray Alliance provides carriers an opportunity to be their own dispatchers -- displaying loads ready for pickup on the company’s mobile app and allowing drivers to select the load at their discretion. Carrier drivers are then directed to pick up an empty container from a warehouse yard, given a timeframe for port arrival and are more quickly moved through the queue at the terminal to receive a full container to dray out to a warehouse.

Key Points: 
  • This number outpaces averages reported by four terminals at these ports by over 30%, as 49.33% of transactions were reported as dual at these terminals, according to available data.
  • It is essential now to find effective ways to clear the backlogs that persist at our ports.
  • Dray Alliance is a venture-backed startup that is focused on building a container trucking platform to deliver shipping containers from ports to warehouses.
  • Steve Wen is the Co-founder and CEO of Dray Alliance, and was named to Forbes 2022 30 under 30 list.