J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q3 2023 Earnings Call Transcript

We’re looking at that with our OEMs saying, wait a second, let’s think this through like we’re thinking through container management. And those are all capital events. I am, like Shelly, really pleased with the progress in final mile. I think that’s an important business for us and I know there’s a lot of pressure on it. I’m thankful for the discipline that I see in the businesses when we’re under so much volume pressure to have the experience to know that holding on to bad deals is not going to turn out right in the long run. We have tried those exercises. They don’t really work for us. We have such great visibility into every aspect of the company. Every single fleet in DCS has its own standalone P&L. We know top to bottom what’s happening in there.

And categorically, if you go around the businesses, we know where we have the problems and we just aren’t tolerant to sit. And if someone else was to do it at those margins, then that’s fine with us. We’ll be ready when the right business comes along. But finally, I’d just say that Shelley is exactly right. The most important asset we have are the 35,000 people that work here. And the investments that we’ll make in them, in the technology and in the capacity that will take us where we’re going are well in place, well supported, and are underpinned by something that I wrote down that Shelley said that I, it’s one of my new favorite phrases, but you can remain prudent with short-term costs while maintaining a long-term focus. With that, we thank you for calling in today.

Talk to you in a quarter.

Operator: This concludes today’s conference call. Thank you for your participation and you may now disconnect.