HUNT J B TRANSPORT SERVICES INC has recently released its 10-Q report. J.B. Hunt Transport Services, Inc. provides surface transportation, delivery and logistics services in the United States and across parts of Canada and Mexico, operating through five segments: Intermodal, Dedicated Contract Services, Integrated Capacity Solutions, Final Mile Services and Truckload. Its business includes intermodal freight, dedicated supply-chain solutions, brokerage and logistics, last-mile delivery and dry-van truckload services, supported by company-owned tractors, trailers and chassis, independent contractors and third-party carriers.
In Item 2, management said second-quarter 2026 consolidated operating revenue rose 19.4% to $3.495 billion from $2.928 billion a year earlier, while operating income increased 31.5% to $259.5 million from $197.3 million. Revenue excluding fuel surcharge revenue increased 11%, with the quarter driven mainly by higher volumes in JBI, ICS and JBT, improved DCS productivity and higher revenue per load in JBI, ICS and JBT, partly offset by fewer FMS stops.
JBI remained the largest segment, with revenue up 22% to $1.754 billion and operating income up 58% to $150.9 million. Load volume increased 10% and gross revenue per load rose 11%; transcontinental loads increased 5% and eastern network load volume increased 16%. The company said the quarter ended with about 124,200 units of trailing capacity and 6,200 power units assigned to the dray fleet.
DCS revenue increased 9% to $921 million and operating income rose 9% to $102.5 million. Productivity, measured as revenue per truck per week, increased 9%, while average truck count was flat; customer retention was about 96%.
ICS posted the sharpest revenue growth, up 49% to $388 million, and swung to operating income of $1.7 million from an operating loss of $3.6 million. Overall volumes increased 19% and revenue per load increased 26%, but gross profit margin fell to 12.5% from 15.5% as purchased transportation expense rose.
FMS revenue declined 6% to $198 million and operating income fell 30% to $5.6 million, reflecting lost business tied to efforts to improve revenue quality and profitability, along with higher purchased transportation expense. JBT revenue increased 35% to $240 million, but the segment moved to an operating loss of $1.3 million from operating income of $3.4 million, as purchased transportation costs rose and gross profit fell 12%.
On the expense side, rents and purchased transportation rose to 48.0% of revenue from 43.3% a year earlier, fuel and fuel taxes increased to 6.7% from 5.2%, and salaries, wages and employee benefits declined to 23.5% from 27.9% of revenue. Depreciation and amortization fell to 5.2% of revenue from 6.0%, while operating supplies and expenses edged down to 4.0% from 4.4%. As a result of these announcements, the company's shares have moved 0.1% on the market, and are now trading at a price of $289.675. If you want to know more, read the company's complete 10-Q report here.
