If it delivers, that would be the eighth straight quarter of double-digit earnings and sales growth.
The company been a publicly held company since our initial public offering in 1983. Our stock is traded on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average.
J.B. Hunt says that they continue to make a profit in this down economy, because they are working to boost the intermodal business, and strengthen relationships with rail companies to hold market share.
Intermodal transport deals with carrying freight using specially designed carrying and cargo protecting units that can easily be swapped between several transport modes, e.g. road, rail, inland waterways, open seas, air.
Doing this avoids unloading and reloading of individual items but results in a lower overall payload due to the duplicated load-bearing elements of the rail vehicle and the load carrying units.