J.B. Hunt reports Q3 EPS $1.49, consensus $1.41

Reports Q3 revenue $3.07B, consensus $3.02B. The company states: “The decline in revenue was primarily driven by a 5% and 6% decrease in gross revenue per load in Intermodal and Truckload, respectively, a decline in load volume of 10% and 6% in Integrated Capacity Solutions and Dedicated Contract Services, respectively, and 6% fewer stops in Final Mile Services. These items were partially offset by JBI load growth of 5%, which included growth in both the transcontinental and eastern networks, and a 3% increase in revenue per load in ICS. Current quarter total operating revenue, excluding fuel surcharge revenue, decreased less than 1% versus the comparable quarter 2023.”