Investor Presentaiton
TRUCKLOAD (JBT)
J.B. HUNT
JBT Revenue
$550
(in millions)
$500
$450
$417
$391
$386 $386 $388
$378
$389
$400
$350
$300
$250
$200
$150
$100
$50
$-
2013 2014
2015
$463
$109
$204
2016 2017 2018 2019 2020 3Q 20 3Q 21
JBT revenue increased 87% from the same period in 2020. Revenue
excluding fuel surcharge revenue increased 85%, primarily from a 65%
increase in revenue per load excluding fuel surcharge revenue and a
12% increase in load count compared to a year ago. The increase in
revenue per load excluding fuel surcharge revenue was driven by a 36%
increase in revenue per loaded mile excluding fuel surcharge revenue
and a 20% increase in average length of haul. Load count growth and
the length of haul increase were primarily related to the continued
expansion of J.B. Hunt 360box® which leverages the J.B. Hunt 360
platform to access drop-trailer capacity for customers across our
transportation network. Comparable contractual customer rates were up
approximately 29% compared to the same period 2020. The current
period ended with 9,906 trailers and 1,965 tractors, compared to 8,245
and 1,713 respectively for the prior year period.
Operating income increased to $14.7 million compared $2.9 million in
the third quarter 2020. Benefits from increased load counts and revenue
per load were partially offset by increases in purchased transportation
expense, higher driver wages and recruiting costs, higher non-driver
personnel expense related to salary, wages and incentive
compensation, and increases in group medical costs. Further
investments in both personnel and technology related to the continued
expansion of 360box also partially offset higher revenue.View entire presentation