Bid season to determine J.B. Hunt’s intermodal margin target
Long-term goal of 11% to 13% not off table yet
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J.B. Hunt's intermodal expectations dominate conference appearance (Photo: Jim Allen/FreightWaves)
Expectations around long-term intermodal margins were the main topic at J.B. Hunt Transport Services’ (NASDAQ: JBHT) appearance at the Citi 2021 Global Industrials Virtual Conference on Tuesday.
The company’s president and CEO, John Roberts, said management plans to evaluate this season’s bid cycle before making a final determination. On the company’s fourth-quarter call in January, management acknowledged the intermodal segment had been lagging the long-term goal of 11% to 13% in recent years and that future expectations were under review.