Lowell-based carrier J.B. Hunt Transport Services Inc. is expected to post earnings and revenue increases in the first quarter as it positions itself for intermodal volume growth amid a looming freight recession.
In a first-quarter earnings preview, analysts Justin Long and Jack Atkins, senior associate George Sellers and associate Cameron Hoglund, all of Little Rock-based Stephens Inc., were optimistic about the carrier’s outlook. They pointed to the recent shifts in intermodal partnerships between railroads and carriers and J.B. Hunt’s plans to increase intermodal capacity as part of a joint initiative with BNSF Railway Co.
“Simply put, we believe (J.B. Hunt’s) opportunity to grow on BNSF has significantly improved,” the analysts said. They also noted J.B. Hunt’s strategic alliance with Google and recent enhancements to the carrier’s trucking and final mile segments. “(J.B. Hunt) is improving both its diversification and long-term growth potential.”
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