J.B. Hunt Transport Services, Inc. (JBHT) Announced Q2 2026 Earnings on July 15, 2026, Reporting "total revenue increased 19%".

On a GAAP basis for the second quarter, "total revenue increased 19%, operating income improved 32% and diluted earnings per share improved 45% compared to the prior year period". Management reported that over the past year, the company has "removed over $135 million of structural costs". During the quarter, the Intermodal segment set a "quarterly volume record with over 578,000 loads", with volumes up 10% year-over-year. In the Highway businesses, JBT reported a fifth consecutive quarter of double-digit volume growth, with revenue increasing 35%, but "gross profit dollars declined 12% primarily due to higher purchased transportation rates".The company experienced strong demand as truckload capacity continued to tighten. As noted by management, "several industry indicators, including higher tender rejections, higher spot pricing and lower driver employment move towards levels not seen since 2021 and 2022". Final Mile demand remained stable across core end markets of furniture, exercise equipment, and appliances.

The Dedicated Contract Services segment reported that its pipeline is "currently at a record level in terms of number of trucks" as the tightening market drove increased customer interest.

Management also highlighted challenges with driver availability, stating there are "specific markets that are as tight as we have ever seen".Regarding forward expectations, the Dedicated Contract Services segment remains confident it will achieve its "full year target for gross truck sales of 1,000 to 1,200 new trucks". Management maintained its expectation that it would return to fleet growth this year while achieving "only modest operating income growth for 2026". For the Intermodal segment, management expects pricing to improve, stating they "anticipate certainly closing that gap" between Intermodal and truckload rates as the year progresses and new business is brought on.