197 annotations
Page 4 of 10
there seem to be some firming or at least a bottoming out on spot rates towards the end of the quarter
(No comment added)
Transcript
2023 Q2
23 Jul 23
our contractual business is holding up better versus our spot business on the volume front as our contractual business was up double digits year-over-year
(No comment added)
Transcript
2023 Q2
23 Jul 23
ICS
(No comment added)
Transcript
2023 Q2
23 Jul 23
our Dedicated contracts typically average five years with annual price escalators linked to inflation-based indices with fixed and variable components to the payment terms among other features. Said differently, we do not have exposure to spot rates.
(No comment added)
Transcript
2023 Q2
23 Jul 23
The spot rate is kind of bouncing around the bottom.
(No comment added)
Transcript
2023 Q2
23 Jul 23
So June was our toughest comp in the quarter.
(No comment added)
Transcript
2023 Q2
23 Jul 23
In the prior-year period, April comp was plus 4, May was plus 9, and June was plus 10.
(No comment added)
Transcript
2023 Q2
23 Jul 23
we saw evidence from customers in June that the destocking trend has moderated
(No comment added)
Transcript
2023 Q2
23 Jul 23
Demand for Intermodal capacity remained tempered, driven primarily by lower overall activity because of the inventory destocking cycle and the resulting declines in import activity.
(No comment added)
Transcript
2023 Q2
23 Jul 23
Volumes in the quarter declined 7% year-over-year, and by month were down 9% in April, down 8% in May, and down 4% in June.
(No comment added)
Transcript
2023 Q2
23 Jul 23
As we have discussed for several quarters now, demand for big and bulky products, including appliances, furniture, and exercise equipment, being delivered into the home is seeing some pressure.
(No comment added)
Transcript
2023 Q2
23 Jul 23
As stated on the last two earnings calls that we are in a freight recession.
(No comment added)
Transcript
2023 Q2
23 Jul 23
We've noted for several quarters now the shifting dynamics in the industry, and we see, in part, the product for that shift in our results for the second quarter.
(No comment added)
Transcript
2023 Q2
23 Jul 23
more cautious about the rest of this year than we were three months ago
(No comment added)
Transcript
2023 Q1
19 Apr 23
I do expect and anticipate that J.B. Hunt is growing share in all markets in Intermodal
(No comment added)
Transcript
2023 Q1
19 Apr 23
hat's the reason we're not giving any more color as to what we think for the back half of the year
(No comment added)
Transcript
2023 Q1
19 Apr 23
across all of our transactional businesses, I would say it's been very difficult for our customer to forecast
(No comment added)
Transcript
2023 Q1
19 Apr 23
there is question marks out there about what will happen in the second half of the year
(No comment added)
Transcript
2023 Q1
19 Apr 23
value for our customers with opportunities to save money by converting freight from the highway to intermodal which reduces costs and is further supported by fuel costs and carbon emission savings
(No comment added)
Transcript
2023 Q1
19 Apr 23
We have long term margin targets that are not being changed
(No comment added)
Transcript
2023 Q1
19 Apr 23