J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q4 2022 Earnings Call Transcript

We want to continue to accelerate with our customers, but without our people, technology and capacity really would be irrelevant. And so, I just can’t emphasize enough the great work our teams have done. We’re proud of the teams and we’re looking forward to 2023. John?

John Roberts: Good, Shelley. Thank you. Great comment there. I want to go back to the noisy fourth and just say that this claims event has gotten all of our attention. It’s a little bit like a . We wanted to understand our current position and lean into 2023. I’m confident in John’s approach here with the changes that he is making and plan to continue to stay very close to that. And keep an eye on it to be sure we’re tracking and adjust maybe more affluently, if that’s a good way to think about even this part of the business, because none of us like that kind of surprise or . I want to mention that the OEM position that we’re in right now, I’m super confident in. I have worked with Nick and the OEMs to help better position the company as a very strategic buyer.

We are a very different types of Class 8 and Class 6 buyer. And our management and our providers are really understanding that. I think that’s got a really good long-term positioning value for us. I would also say that very, very closely aligned with our rail providers like I’ve never seen. And I have either in this job or my prior job have been able to really see how those relationships work. And being close to them, I’m very confident questions about our equipment additions and those ideas in the near-term are appropriate, but I like what Darren said, this is a long march and we are positioned and as good as I’ve ever seen us. And so, we will be taking advantage of those corrections. And I think we’re going to just kind of coin the term leaning forward into 2023, 2024, 2025.

My closing word is the same as Shelley’s. I’m really, really proud of all of our people, but I’m also particularly proud of our leadership. It has not been easy. No one thinks it has and no one has claimed that in any part of the industry, but I am particularly proud of what happened in 2020, what happened in 2021, and what has happened so far as we close out 2022 that gives me great confidence when we look forward as to our ability to go capitalize on the opportunities here. So, we appreciate you being on the call and we’ll talk to you next quarter.

Operator: This call is now completed. We like to thank you for your participation. You may now disconnect your lines.