J.B. Hunt Ends 2024 With Slight Revenue Decline

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J.B. Hunt Transport Services ended the year slightly behind where it was during the prior fourth quarter amid efforts to reinvest and improve operations, the company reported Jan. 16.

The Lowell, Ark.-based carrier posted net income of $155.5 million, or diluted earnings per share of $1.53, for the three months ending Dec. 31. That compared with $153.5 million, $1.47, during the same time the previous year. The total operating revenue decreased 5% to $3.15 billion from $3.3 billion.

“While 2024 was a continuation of the challenging freight environment, I am proud of the work of our team and how we position the company for our future,” J.B. Hunt CEO Shelley Simpson said during a call with investors. “We focus on providing excellent service to our customers, improving on our record-setting safety performance, and remaining cost discipline, all while leveraging our strategic investments in our people, technology and capacity.”

J.B. Hunt has been heavily reinvesting in the bus…