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Bid season to determine J.B. Hunt’s intermodal margin target
Long-term goal of 11% to 13% not off table yet
1 1,402 3 minutes read 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.
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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.
Roberts believes the key determinants will be the rate increases gained this cycle as well as bid compliance for those rates.