Looking at the JB Hunt quarterly report released last week, it becomes clear:
- Truckload revenue per loaded mile – excluding fuel – is up 19% year over year (YOY)
- Deadhead down slightly – 18.4% vs. 19.2% YOY
- Dedicated is a money spinner – $4,544 per tractor/week = $236K per tractor/year
- Brokerage is killing it:
- Revenue up 56% YOY
- Revenue per load is up 39% YOY – and 51% of their load volume is contract – representing 35% of revenue vs 66% and 54% previously
- Margin 10.8%
- 19% more carriers
- Intermodal revenue flat operating income is down 16%. Issues: rail congestion, lost productivity, and a 2% reduction in cost per load