J.B. Hunt (JBHT)
J.B. Hunt (JBHT) is one of the largest surface-transport and logistics companies in the United States, moving freight by intermodal rail, dedicated fleets, and trucking. In ETFpedia it represents the Heavy Asset Low Obsolescence (HALO) concept, because containers still have to move on a physical network that a model cannot replace.
| Ticker | JBHT |
|---|---|
| Exchange | NASDAQ |
| Sector | Industrials · Trucking & Logistics |
| Country | United States |
| Held by ETF | Roundhill HALO ETF (LOHA) |
| Wikidata | Q6110872 |
| Last updated | 2026-06-04 |
Next event:Next earnings · Q2 2026, estimated · J.B. Hunt has not confirmed the date; July 21, 2026 is calendar-estimated from prior years. Confirm on J.B. Hunt IR. Last report: Q1 2026 on 2026-04-15. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-04-15)
J.B. Hunt reported total operating revenue of $3.06 billion, up 5% year over year, with operating income up 16% to $207.0 million and diluted EPS of $1.49, up 27%. Intermodal volume grew 3% to a first-quarter record, lifting Intermodal revenue 2% to $1.50 billion.
| Total operating revenue | $3.06B+5%YoY |
|---|---|
| Operating income | $207.0M+16%YoY |
| Net earnings | $141.6M+20%YoY |
| Diluted EPS | $1.49+27%YoY |
Revenue by segment
| Intermodal (JBI) | $1,505M · 49.2%of revenue+2% YoY |
|---|---|
| Dedicated Contract Services (DCS) | $841M · 27.5%of revenue+2% YoY |
| Integrated Capacity Solutions (ICS) | $323M · 10.5%of revenue+20% YoY |
| Truckload (JBT) | $205M · 6.7%of revenue+23% YoY |
| Final Mile Services (FMS) | $188M · 6.1%of revenue-6% YoY |
Recent & upcoming events
- · Q1 2026 results.Revenue $3.06B (+5%); operating income up 16% to $207.0M; diluted EPS $1.49 (+27%). Intermodal volume rose 3% to a first-quarter record (and a record weekly load count in March), while Intermodal revenue rose 2% to $1.50B. (source)
- · Q4 2025 results and full-year 2025 close.J.B. Hunt closed 2025 and held its Q4 earnings call, setting the volume momentum it carried into the first quarter of 2026. (source)
Segment revenues are gross of intersegment eliminations, so they sum slightly above the $3.06B consolidated total. J.B. Hunt does not issue formal revenue or EPS guidance; for 2026 it guided only an annual tax rate of 24.0%–25.0%.
Figures are as of 2026-06-04 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does J.B. Hunt do?
J.B. Hunt hauls freight across the country. Its biggest business, Intermodal (JBI), puts shipping containers on the railroads for the long haul and trucks them the rest of the way; it brought in $1.5 billion of revenue in the first quarter of 2026 (J.B. Hunt, Apr 15, 2026). Around that core sit Dedicated Contract Services (DCS), which runs fleets built for a single customer, Integrated Capacity Solutions (ICS) freight brokerage, Final Mile Services (FMS) for big-and-bulky home delivery, and straight Truckload (JBT). The work depends on terminals, thousands of containers, and trucks, none of it cheap or quick to copy.
Surface freight is a huge physical market. The U.S. trucking industry generated $906 billion in revenue in 2024 and still moved 72.7% of domestic freight by tonnage (American Trucking Associations). That tonnage has to roll on real assets, which is exactly where J.B. Hunt sits.
The U.S. trucking industry generated $906 billion in revenue in 2024 and still hauled 72.7% of domestic freight by tonnage, more than rail, air, and water combined.
Why is J.B. Hunt a HALO company?
Software can plan a route, match a load, and cut paperwork. It still cannot move a pallet of goods from a port to a store. That job needs J.B. Hunt’s physical network, the containers, terminals, and tractors that take years and heavy capital to assemble, which is the kind of real-world asset the Heavy Asset Low Obsolescence (HALO) concept is built around. Driving and moving freight are physical tasks that rank among the least exposed to automation by language models (Eloundou et al., Science 2024).
What did J.B. Hunt report most recently?
In Q1 2026 (the quarter ended March 31, 2026), J.B. Hunt reported total operating revenue of $3.06 billion, up 5% year over year, with operating income up 16% to $207.0 million and diluted EPS of $1.49, up 27% (J.B. Hunt). Intermodal carried the quarter on volume: loads rose 3% to a first-quarter record of 536,852 (with a record weekly load count in March), which lifted Intermodal revenue 2% to $1.50 billion as volume gains outran pricing. The smaller highway units pulled in different directions: Truckload revenue jumped 23% and ICS brokerage rose 20%, while Final Mile slipped 6%.
We began the year with strong financial results, building on the momentum we established in 2025 and once again executed well in safety performance by setting a first quarter record.
— Shelley Simpson, President & CEO, J.B. Hunt (Q1 2026 results)
What is J.B. Hunt’s guidance?
J.B. Hunt does not publish formal revenue or earnings guidance, so there is no quarterly target to hit. For 2026 the only numeric outlook it gave was an expected annual tax rate of 24.0% to 25.0% (J.B. Hunt). Management framed the year around the volume momentum carried out of 2025, which showed up in the record first-quarter intermodal loads.
What are the risks for J.B. Hunt?
- Freight cyclicality. Volumes and pricing fall when the economy slows, and a soft truckload market can erase the pricing gains seen in Q1 2026.
- Intermodal concentration. Intermodal is roughly half of revenue, so service or pricing trouble with its rail partners hits results hardest.
- Cost pressure. Fuel, driver availability, and equipment costs squeeze margins across every segment.
- Capital intensity. Keeping the container fleet, tractors, and terminals current takes steady spending, which weighs on free cash flow in down years.
Related securities, concepts & terms
Related indices & ETFs
- Roundhill HALO ETF (LOHA) · Roundhill InvestmentsTracks the Akros U.S. HALO Index, which includes this company.
Frequently asked questions about J.B. Hunt
What does J.B. Hunt do?
J.B. Hunt moves freight across the United States through five segments: intermodal rail containers (Intermodal, its largest at $1.50 billion of Q1 2026 revenue), dedicated contract fleets, brokerage, final-mile delivery, and truckload service, backed by terminals, trucks, and thousands of containers.
Why is J.B. Hunt part of the HALO concept?
Goods still have to physically move. J.B. Hunt's containers, trucks, and terminal network are real assets that take years and heavy capital to build, which is the kind of moat AI cannot reproduce. Trucking still hauled 72.7% of U.S. domestic freight by tonnage in 2024, work that ranks among the least exposed to language-model automation.
When does J.B. Hunt report its next earnings?
J.B. Hunt is expected to report Q2 2026 results around July 21, 2026. That date is calendar-estimated and not yet confirmed by the company, so check J.B. Hunt's investor-relations site. It last reported Q1 2026 on April 15, 2026.
What was J.B. Hunt's latest quarterly revenue?
J.B. Hunt reported total operating revenue of $3.06 billion in Q1 2026, up 5% year over year, with operating income up 16% to $207.0 million and diluted EPS of $1.49, up 27%. Intermodal volume rose 3% to a first-quarter record of 536,852 loads, lifting Intermodal segment revenue 2% to $1.50 billion.
What is J.B. Hunt's guidance or outlook?
J.B. Hunt does not issue formal revenue or earnings guidance. For 2026 it guided only an expected annual tax rate of 24.0% to 25.0%. The momentum showed up in Q1 operating income, which rose 21% in Intermodal even as that segment's revenue grew just 2%, as volume gains outran pricing.
Sources & references
- J.B. Hunt Reports Revenues, Net Earnings and Earnings per Share for the First Quarter 2026 · J.B. Hunt Transport Services, Inc., 2026-04-15
- J.B. Hunt (JBHT) Q4 2025 Earnings Call Transcript · The Motley Fool, 2026-01-15
- J.B. Hunt Transport Services · quarterly results and earnings events · J.B. Hunt Transport Services, Inc. (Investor Relations), 2026-06-04
- J.B. Hunt Transport Services · investor relations · J.B. Hunt Transport Services, Inc., 2026-06-04
- Nasdaq listed company information · JBHT · Nasdaq, 2026-06-02
- American Trucking Trends 2025 (share of U.S. freight tonnage by mode) · American Trucking Associations, 2025-06-01
- GPTs are GPTs: Labor market impact potential of LLMs · Eloundou, Manning, Mishkin & Rock · Science, 2024-06-21