11 Best Logistics Stocks to Invest in Right Now

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7. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Number of Hedge Funds: 39

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is a Fortune 500 company with a strong vision of creating the most efficient transportation network in North America. The firm offers a range of freight transportation services to customers throughout the US, Canada, and Mexico. It operates through five segments including Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT).

While J.B. Hunt Transport Services has grown into an industry-leading transportation company, it started off with a handful of trucks back in 1961 in the US. It has lived an over 60-year legacy as a leader in the transportation and logistics industry. The company now has the ability to meet the unique shipping needs of any business, being powered by one of the biggest company-owned fleets in the country and third-party capacity through its J.B. Hunt 360° digital freight marketplace.

The company has distinct and complimentary businesses which are well-positioned. While Intermodal (JBI) boasts the largest drayage fleet in North America, Final Mile Services has the largest final mile asset network in the United States, and Truckload (JBT) has one of the largest capacity networks in North America.

During the third quarter of 2024, the firm saw a 3% year-over-year decline in operating revenue, driven by a 5% and 6% decrease in gross revenue per load in Intermodal (JBI) and Truckload (JBT), respectively, a decline in load volume of 10% and 6% in Integrated Capacity Solutions (ICS) and Dedicated Contract Services (DCS) respectively, and 6% fewer stops in Final Mile Services (FMS). This was offset by JBI load growth of 5% and a 3% rise in revenue per load in ICS.

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