- \n
- Second Quarter 2026 Revenue: $3.50 billion; up 19%<\/b><\/li>\n
- Second Quarter 2026 Operating Income: $259.5 million; up 32%<\/b><\/li>\n
- Second Quarter 2026 EPS: $1.91 vs. $1.31; up 45%<\/b><\/li>\n<\/ul>\n
LOWELL, Ark.–(BUSINESS WIRE<\/a>)–
\nJ.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced second quarter 2026 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $181.0 million, or diluted earnings per share of $1.91 versus second quarter 2025 net earnings of $128.6 million, or $1.31 per diluted share.<\/p>\n\n\u201cI\u2019m grateful for our people and their continued focus on delivering operational excellence around service, safety and cost discipline in this dynamic environment,\u201d said Shelley Simpson, president and CEO. \u201cOur second quarter results reflect the strength of executing our strategy, as we leveraged our investments in our people, technology, and capacity to drive growth and improve profitability. As market conditions continue to evolve, we remain focused on creating long-term value for our shareholders, delivering valuable solutions to our customers while maintaining discipline around returns on our capital.\u201d<\/p>\n
\nTotal operating revenue for the current quarter was $3.50 billion compared with $2.93 billion for the second quarter 2025, an increase of 19%. Current quarter total operating revenue, excluding fuel surcharge revenue, increased 11% versus the second quarter 2025. The increase in revenue, excluding fuel surcharge revenue, was primarily driven by increased load volumes in Intermodal (JBI), Integrated Capacity Solutions (ICS) and Truckload (JBT), higher revenue per load in JBI, ICS and JBT and increased productivity in Dedicated Contract Services\u00ae<\/sup> (DCS\u00ae<\/sup>), partially offset by a 14% decline in Final Mile Services (FMS) stops.<\/p>\n
\nOperating income for the current quarter increased 32% to $259.5 million versus $197.3 million for the second quarter 2025. The increase in operating income was primarily driven by higher revenue, improved productivity across the business, continued execution on our initiative to remove structural cost, lower group medical claims and lower facility rental and equipment storage expenses. These were partially offset by higher purchase transportation cost, particularly in our ICS and JBT segments and higher equipment-related expenses. Consolidated operating income as a percentage of gross revenue increased year-over-year as a result of the previously mentioned items, partially offset by higher fuel expense as a percentage of gross revenue.<\/p>\n
\nNet interest expense for the current quarter decreased approximately 21% from the second quarter 2025 due to a lower average consolidated debt balance partially offset by a modestly higher average interest rate.<\/p>\n
\nThe effective income tax rate was 25.4% in the current quarter compared to 26.9% in the second quarter 2025. We now expect our 2026 annual tax rate to be between 24.0% and 24.5%.<\/p>\n
Segment Information:<\/b><\/p>\n
Intermodal (JBI)<\/b><\/p>\n
- \n
- Second Quarter 2026 Segment Revenue: $1.75 billion; up 22%<\/b><\/li>\n
- Second Quarter 2026 Operating Income: $150.9 million; up 58%<\/b><\/li>\n<\/ul>\n
\nIntermodal volume increased 10% over the same period in 2025. Transcontinental network loads increased 5%, while Eastern network loads increased 16% compared to the second quarter 2025. Overall demand for our intermodal service increased throughout the quarter driven by the strong value proposition it presents to customers facing higher fuel prices and constrained driver and capacity availability in other transportation modes. Volume growth in our Eastern network continues to be strong, driven by conversion and overall service execution. Segment gross revenue increased 22% from the prior-year period driven by the 10% increase in volume and an 11% increase in gross revenue per load, resulting from higher fuel surcharge revenue, customer rates and changes in mix of freight. Revenue per load excluding fuel surcharge revenue increased 1%.<\/p>\n
\nOperating income increased 58% compared to the second quarter 2025 primarily due to network efficiency resulting from strong volume growth, productivity improvements across the dray network, lower proportion of empty container moves and lower container storage expense. Continued execution on initiatives to lower our cost to serve also contributed to the improvement. These were partially offset by higher insurance premium and claims expense and higher professional driver personnel expense.<\/p>\n
Dedicated Contract Services (DCS)<\/b><\/p>\n
- \n
- Second Quarter 2026 Segment Revenue: $921 million; up 9%<\/b><\/li>\n
- Second Quarter 2026 Operating Income: $102.5 million; up 9%<\/b><\/li>\n<\/ul>\n
\nDCS revenue increased 9% during the quarter compared to the same period 2025 driven by a 9% increase in productivity (revenue per truck per week) as average trucks were approximately flat versus the prior-year period. Productivity excluding fuel surcharge revenue increased 2% from the prior-year period due to contracted indexed-based price escalators. On a net basis, there were 5 additional revenue-producing trucks in the fleet by the end of the quarter compared to the prior-year period and approximately 140 more versus the end of the first quarter 2026. Customer retention rates have improved to approximately 96%.<\/p>\n
\nOperating income increased 9% from the prior-year period. The increase was driven by the higher revenue, lower group medical claims expense and continued progress on the initiative to lower our cost to serve. These were partially offset by higher insurance premium and equipment-related expenses and higher new business onboarding expenses compared to the prior year period.<\/p>\n
Integrated Capacity Solutions (ICS)<\/b><\/p>\n
- \n
- Second Quarter 2026 Segment Revenue: $388 million; up 49%<\/b><\/li>\n
- Second Quarter 2026 Operating Income\/(Loss): $1.7 million; vs. $(3.6) million in Q2\u201925<\/b><\/li>\n<\/ul>\n
\nICS revenue increased 49% during the current quarter compared to the second quarter of 2025. Overall segment volume increased 19% versus the prior-year period with growth in both published and spot volume. Revenue per load increased 26% due to higher rates across both contractual and transactional volume. Contractual volume represented approximately 65% of the total load volume and 63% of the total revenue in the current quarter compared to 62% and 63%, respectively, in the second quarter 2025.<\/p>\n
\nOperating income was $1.7 million compared to an operating loss of $3.6 million for the second quarter of 2025. The operating environment remained volatile during the current quarter as market capacity dynamics continue to evolve rapidly. Operating results improved from the prior-year quarter primarily due to an increase in gross profit driven by the increases in both revenue per load and volume which more than offset a 54% increase in purchased transportation expense. Gross profit margins decreased to 12.5% compared to 15.5% in the prior year period but improved from 12.0% in the first quarter of 2026.<\/p>\n
Final Mile Services (FMS)<\/b><\/p>\n
- \n
- Second Quarter 2026 Segment Revenue: $198 million; down 6%<\/b><\/li>\n
- Second Quarter 2026 Operating Income: $5.6 million; down 30%<\/b><\/li>\n<\/ul>\n
\nFMS revenue decreased 6% compared to the same period 2025. The decrease was primarily driven by known business losses given our ongoing efforts to improve revenue quality and profitability across various accounts. The decrease in segment gross revenue was partially offset by stabilizing demand across many of the end markets served and the implementation of new business awarded over the past year.<\/p>\n
\nOperating income decreased 30% to $5.6 million compared to the prior-year period. Operating income decreased primarily due to the impact of lower revenue and higher purchased transportation expense. The operating income decline was partially offset by lower claims and facility rental expenses and continued progress on the initiative to lower our cost to serve.<\/p>\n
Truckload (JBT)<\/b><\/p>\n
- \n
- Second Quarter 2026 Segment Revenue: $240 million; up 35%<\/b><\/li>\n
- Second Quarter 2026 Operating Income\/(Loss): ($1.3) million; vs. $3.4 million in Q2\u201925<\/b><\/li>\n<\/ul>\n
\nJBT revenue increased 35% compared to the same period in the prior year. Revenue excluding fuel surcharge revenue increased 28% driven by a 14% increase in load volume and a 13% improvement in revenue per load excluding fuel surcharge revenue. Total average effective trailer count increased by approximately 45 units, or less than 1% versus the prior-year period. Trailer turns in the quarter improved 13% from the prior period primarily due to improved network balance and velocity to improve equipment utilization.<\/p>\n
\nOperating loss was $1.3 million compared to operating income of $3.4 million for the second quarter 2025. Operating performance declined from the prior year period primarily due to higher purchased transportation expense, which resulted in a 12% decline in gross profit. This was partially offset by continued cost management and productivity and a more balanced network. JBT segment operating income as a percentage of segment gross revenue decreased year-over-year as a result of higher third-party capacity costs as a percentage of gross revenue.<\/p>\n
Cash Flow and Capitalization:<\/b><\/p>\n
\nAt June 30, 2026, we had approximately $1.15 billion outstanding on various debt instruments compared to $1.72 billion at June 30, 2025 and $1.47 billion at December 31, 2025.<\/p>\n
\nOur net capital expenditures for the six months ended June 30, 2026 approximated $144.9 million compared to $399.1 million for the same period 2025. At June 30, 2026, we had cash and cash equivalents of approximately $4.2 million.<\/p>\n
\nIn the second quarter 2026, we purchased approximately 392,000 shares of common stock for approximately $98 million. At June 30, 2026, we had approximately $791 million remaining under our share repurchase authorization. Actual shares outstanding at June 30, 2026 approximated 93.9 million.<\/p>\n
Conference Call Information:<\/b><\/p>\n
\nThe company will hold a conference call today from 4:00\u20135:00 p.m. CDT to discuss the quarterly earnings. Investors will have the opportunity to listen to the conference call live over the internet by going to investor.jbhunt.com<\/a>. Please log on 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, an online replay of the earnings call webcast will be available a few hours after the completion of the call.<\/p>\n
Forward-Looking Statements:<\/b><\/p>\n
\nThis press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2025. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available to interested parties on our website, www.jbhunt.com<\/a>.<\/p>\n
About J.B. Hunt<\/b><\/p>\n
\nJ.B. Hunt\u2019s vision is to create the most efficient transportation network in North America. The company\u2019s industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country and third-party capacity through its J.B. Hunt 360\u00b0\u00ae digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders.<\/p>\n
\nJ.B. Hunt Transport Services Inc. is an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company\u2019s services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit www.jbhunt.com<\/a>.<\/p>\n
\n
\n J.B. HUNT TRANSPORT SERVICES, INC.<\/b><\/td>\n<\/tr>\n \n Condensed Consolidated Statements of Earnings<\/b><\/td>\n<\/tr>\n \n (in thousands, except per share data)<\/td>\n<\/tr>\n \n (unaudited)<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Three Months Ended June 30<\/b><\/td>\n<\/tr>\n \n \n \n \n 2026<\/b><\/p>\n<\/td>\n
\n \n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n % Of<\/b><\/td>\n \n \n \n % Of<\/b><\/td>\n<\/tr>\n \n \n \n Amount<\/b><\/td>\n \n Revenue<\/b><\/td>\n \n Amount<\/b><\/td>\n \n Revenue<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Operating revenues, excluding fuel surcharge revenues<\/td>\n $<\/td>\n \n \n2,853,836<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n2,576,319<\/p>\n<\/td>\n
\n <\/tr>\n \n Fuel surcharge revenues<\/td>\n \n \n \n641,460<\/p>\n<\/td>\n
\n \n \n \n \n351,862<\/p>\n<\/td>\n
\n <\/tr>\n \n Total operating revenues<\/td>\n \n \n \n3,495,296<\/p>\n<\/td>\n
\n \n \n100.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n2,928,181<\/p>\n<\/td>\n
\n \n \n100.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Operating expenses<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Rents and purchased transportation<\/td>\n \n \n \n1,677,280<\/p>\n<\/td>\n
\n \n \n48.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n1,266,908<\/p>\n<\/td>\n
\n \n \n43.3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Salaries, wages and employee benefits<\/td>\n \n \n \n820,352<\/p>\n<\/td>\n
\n \n \n23.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n816,941<\/p>\n<\/td>\n
\n \n \n27.9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Fuel and fuel taxes<\/td>\n \n \n \n235,208<\/p>\n<\/td>\n
\n \n \n6.7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n153,710<\/p>\n<\/td>\n
\n \n \n5.2<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Depreciation and amortization<\/td>\n \n \n \n180,610<\/p>\n<\/td>\n
\n \n \n5.2<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n176,980<\/p>\n<\/td>\n
\n \n \n6.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Operating supplies and expenses<\/td>\n \n \n \n138,870<\/p>\n<\/td>\n
\n \n \n4.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n128,245<\/p>\n<\/td>\n
\n \n \n4.4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Insurance and claims<\/td>\n \n \n \n88,792<\/p>\n<\/td>\n
\n \n \n2.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n84,838<\/p>\n<\/td>\n
\n \n \n2.9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n General and administrative expenses, including asset dispositions<\/td>\n \n \n \n65,718<\/p>\n<\/td>\n
\n \n \n1.9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n74,876<\/p>\n<\/td>\n
\n \n \n2.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Operating taxes and licenses<\/td>\n \n \n \n18,920<\/p>\n<\/td>\n
\n \n \n0.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n17,770<\/p>\n<\/td>\n
\n \n \n0.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Communication and utilities<\/td>\n \n \n \n10,094<\/p>\n<\/td>\n
\n \n \n0.3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n10,639<\/p>\n<\/td>\n
\n \n \n0.4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Total operating expenses<\/td>\n \n \n \n3,235,844<\/p>\n<\/td>\n
\n \n \n92.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n2,730,907<\/p>\n<\/td>\n
\n \n \n93.3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Operating income<\/td>\n \n \n \n259,452<\/p>\n<\/td>\n
\n \n \n7.4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n197,274<\/p>\n<\/td>\n
\n \n \n6.7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Net interest expense<\/td>\n \n \n \n16,768<\/p>\n<\/td>\n
\n \n \n0.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n21,285<\/p>\n<\/td>\n
\n \n \n0.7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Earnings before income taxes<\/td>\n \n \n \n242,684<\/p>\n<\/td>\n
\n \n \n6.9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n175,989<\/p>\n<\/td>\n
\n \n \n6.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Income taxes<\/td>\n \n \n \n61,650<\/p>\n<\/td>\n
\n \n \n1.7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n47,365<\/p>\n<\/td>\n
\n \n \n1.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Net earnings<\/td>\n $<\/td>\n \n \n181,034<\/p>\n<\/td>\n
\n \n \n5.2<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n128,624<\/p>\n<\/td>\n
\n \n \n4.4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Average diluted shares outstanding<\/td>\n \n \n \n94,944<\/p>\n<\/td>\n
\n \n \n \n \n97,976<\/p>\n<\/td>\n
\n <\/tr>\n \n Diluted earnings per share<\/td>\n $<\/td>\n \n \n1.91<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n1.31<\/p>\n<\/td>\n
\n <\/tr>\n<\/table>\n \n
\n J.B. HUNT TRANSPORT SERVICES, INC.<\/b><\/td>\n<\/tr>\n \n Condensed Consolidated Statements of Earnings<\/b><\/td>\n<\/tr>\n \n (in thousands, except per share data)<\/td>\n<\/tr>\n \n (unaudited)<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Six Months Ended June 30<\/b><\/td>\n<\/tr>\n \n \n \n \n 2026<\/b><\/p>\n<\/td>\n
\n \n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n % Of<\/b><\/td>\n \n \n \n % Of<\/b><\/td>\n<\/tr>\n \n \n \n Amount<\/b><\/td>\n \n Revenue<\/b><\/td>\n \n Amount<\/b><\/td>\n \n Revenue<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Operating revenues, excluding fuel surcharge revenues<\/td>\n $<\/td>\n \n \n5,502,329<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n5,136,048<\/p>\n<\/td>\n
\n <\/tr>\n \n Fuel surcharge revenues<\/td>\n \n \n \n1,049,458<\/p>\n<\/td>\n
\n \n \n \n \n713,525<\/p>\n<\/td>\n
\n <\/tr>\n \n Total operating revenues<\/td>\n \n \n \n6,551,787<\/p>\n<\/td>\n
\n \n \n100.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n5,849,573<\/p>\n<\/td>\n
\n \n \n100.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Operating expenses<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Rents and purchased transportation<\/td>\n \n \n \n3,082,180<\/p>\n<\/td>\n
\n \n \n47.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n2,560,236<\/p>\n<\/td>\n
\n \n \n43.8<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Salaries, wages and employee benefits<\/td>\n \n \n \n1,605,948<\/p>\n<\/td>\n
\n \n \n24.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n1,616,588<\/p>\n<\/td>\n
\n \n \n27.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Fuel and fuel taxes<\/td>\n \n \n \n410,267<\/p>\n<\/td>\n
\n \n \n6.3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n313,643<\/p>\n<\/td>\n
\n \n \n5.4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Depreciation and amortization<\/td>\n \n \n \n360,020<\/p>\n<\/td>\n
\n \n \n5.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n356,456<\/p>\n<\/td>\n
\n \n \n6.1<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Operating supplies and expenses<\/td>\n \n \n \n264,131<\/p>\n<\/td>\n
\n \n \n4.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n251,698<\/p>\n<\/td>\n
\n \n \n4.3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Insurance and claims<\/td>\n \n \n \n176,542<\/p>\n<\/td>\n
\n \n \n2.7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n169,856<\/p>\n<\/td>\n
\n \n \n2.9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n General and administrative expenses, including asset dispositions<\/td>\n \n \n \n127,571<\/p>\n<\/td>\n
\n \n \n2.0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n147,847<\/p>\n<\/td>\n
\n \n \n2.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Operating taxes and licenses<\/td>\n \n \n \n37,453<\/p>\n<\/td>\n
\n \n \n0.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n35,250<\/p>\n<\/td>\n
\n \n \n0.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Communication and utilities<\/td>\n \n \n \n21,175<\/p>\n<\/td>\n
\n \n \n0.3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n22,045<\/p>\n<\/td>\n
\n \n \n0.4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Total operating expenses<\/td>\n \n \n \n6,085,287<\/p>\n<\/td>\n
\n \n \n92.9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n5,473,619<\/p>\n<\/td>\n
\n \n \n93.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Operating income<\/td>\n \n \n \n466,500<\/p>\n<\/td>\n
\n \n \n7.1<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n375,954<\/p>\n<\/td>\n
\n \n \n6.4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Net interest expense<\/td>\n \n \n \n34,668<\/p>\n<\/td>\n
\n \n \n0.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n39,882<\/p>\n<\/td>\n
\n \n \n0.7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Earnings before income taxes<\/td>\n \n \n \n431,832<\/p>\n<\/td>\n
\n \n \n6.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n336,072<\/p>\n<\/td>\n
\n \n \n5.7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Income taxes<\/td>\n \n \n \n109,245<\/p>\n<\/td>\n
\n \n \n1.7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n89,708<\/p>\n<\/td>\n
\n \n \n1.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Net earnings<\/td>\n $<\/td>\n \n \n322,587<\/p>\n<\/td>\n
\n \n \n4.9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n246,364<\/p>\n<\/td>\n
\n \n \n4.2<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Average diluted shares outstanding<\/td>\n \n \n \n95,073<\/p>\n<\/td>\n
\n \n \n \n \n99,226<\/p>\n<\/td>\n
\n <\/tr>\n \n Diluted earnings per share<\/td>\n $<\/td>\n \n \n3.39<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n2.48<\/p>\n<\/td>\n
\n <\/tr>\n<\/table>\n \n
\n Financial Information By Segment<\/b><\/td>\n<\/tr>\n \n (in thousands)<\/td>\n<\/tr>\n \n (unaudited)<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Three Months Ended June 30<\/b><\/td>\n<\/tr>\n \n \n \n \n 2026<\/b><\/p>\n<\/td>\n
\n \n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n % Of<\/b><\/td>\n \n \n \n % Of<\/b><\/td>\n<\/tr>\n \n \n \n Amount<\/b><\/td>\n \n Total<\/b><\/td>\n \n Amount<\/b><\/td>\n \n Total<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Revenue<\/span><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Intermodal<\/td>\n $<\/td>\n \n \n1,753,689<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n50<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n1,437,885<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n49<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Dedicated<\/td>\n \n \n \n920,710<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n26<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n846,755<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n29<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Integrated Capacity Solutions<\/td>\n \n \n \n388,495<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n11<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n260,243<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Final Mile Services<\/td>\n \n \n \n198,037<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n210,627<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Truckload<\/td>\n \n \n \n239,653<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n176,968<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Subtotal<\/td>\n \n \n \n3,500,584<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n2,932,478<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Intersegment eliminations<\/td>\n \n \n \n(5,288<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(0<\/p>\n<\/td>\n
\n \n%)<\/p>\n<\/td>\n
\n \n \n(4,297<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(0<\/p>\n<\/td>\n
\n \n%)<\/p>\n<\/td>\n<\/tr>\n
\n Consolidated revenue<\/td>\n $<\/td>\n \n \n3,495,296<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n2,928,181<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Operating income<\/span><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Intermodal<\/td>\n $<\/td>\n \n \n150,863<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n58<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n95,747<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n49<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Dedicated<\/td>\n \n \n \n102,473<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n40<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n93,687<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n47<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Integrated Capacity Solutions<\/td>\n \n \n \n1,695<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n1<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n(3,554<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(2<\/p>\n<\/td>\n
\n \n%)<\/p>\n<\/td>\n<\/tr>\n
\n Final Mile Services<\/td>\n \n \n \n5,557<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n2<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n7,993<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Truckload<\/td>\n \n \n \n(1,335<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(1<\/p>\n<\/td>\n
\n \n%)<\/p>\n<\/td>\n
\n \n \n3,369<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n2<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Other (1)<\/td>\n \n \n \n199<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n32<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Operating income<\/td>\n $<\/td>\n \n \n259,452<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n197,274<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Six Months Ended June 30<\/b><\/td>\n<\/tr>\n \n \n \n \n 2026<\/b><\/p>\n<\/td>\n
\n \n 2025<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n % Of<\/b><\/td>\n \n \n \n % Of<\/b><\/td>\n<\/tr>\n \n \n \n Amount<\/b><\/td>\n \n Total<\/b><\/td>\n \n Amount<\/b><\/td>\n \n Total<\/b><\/td>\n<\/tr>\n \n Revenue<\/span><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Intermodal<\/td>\n $<\/td>\n \n \n3,258,482<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n49<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n2,907,138<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n50<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Dedicated<\/td>\n \n \n \n1,761,266<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n27<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n1,669,047<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n28<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Integrated Capacity Solutions<\/td>\n \n \n \n711,232<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n11<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n528,285<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n9<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Final Mile Services<\/td>\n \n \n \n386,064<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n411,331<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Truckload<\/td>\n \n \n \n445,036<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n7<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n343,596<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Subtotal<\/td>\n \n \n \n6,562,080<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n5,859,397<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Intersegment eliminations<\/td>\n \n \n \n(10,293<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(0<\/p>\n<\/td>\n
\n \n%)<\/p>\n<\/td>\n
\n \n \n(9,824<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(0<\/p>\n<\/td>\n
\n \n%)<\/p>\n<\/td>\n<\/tr>\n
\n Consolidated revenue<\/td>\n $<\/td>\n \n \n6,551,787<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n5,849,573<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Operating income<\/span><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Intermodal<\/td>\n $<\/td>\n \n \n265,353<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n57<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n190,134<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n51<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Dedicated<\/td>\n \n \n \n189,868<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n41<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n173,961<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n46<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Integrated Capacity Solutions<\/td>\n \n \n \n(2,956<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(1<\/p>\n<\/td>\n
\n \n%)<\/p>\n<\/td>\n
\n \n \n(6,220<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n \n(1<\/p>\n<\/td>\n
\n \n%)<\/p>\n<\/td>\n<\/tr>\n
\n Final Mile Services<\/td>\n \n \n \n12,722<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n12,669<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Truckload<\/td>\n \n \n \n1,382<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n5,408<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n1<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Other (1)<\/td>\n \n \n \n131<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n2<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n0<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n Operating income<\/td>\n $<\/td>\n \n \n466,500<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
$<\/td>\n \n \n375,954<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n100<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n (1) Includes corporate support activity<\/i><\/td>\n \n \n \n \n \n \n \n <\/tr>\n<\/table>\n \n
\n Operating Statistics by Segment<\/b><\/td>\n<\/tr>\n \n (unaudited)<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Three Months Ended June 30<\/b><\/td>\n \n <\/tr>\n \n \n \n \n 2026<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Intermodal<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loads<\/td>\n \n \n \n578,072<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n525,161<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average length of haul<\/td>\n \n \n \n1,587<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n1,631<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Revenue per load<\/td>\n $<\/td>\n \n \n3,034<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n2,738<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average tractors during the period *<\/td>\n \n \n \n6,212<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n6,376<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Tractors (end of period) *<\/td>\n \n \n \n6,232<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n6,363<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Trailing equipment (end of period)<\/td>\n \n \n \n124,199<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n125,265<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average effective trailing equipment usage<\/td>\n \n \n \n112,301<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n102,603<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Dedicated<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loads<\/td>\n \n \n \n995,594<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n992,772<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average length of haul<\/td>\n \n \n \n172<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n177<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Revenue per truck per week**<\/td>\n $<\/td>\n \n \n5,635<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n5,163<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average trucks during the period***<\/td>\n \n \n \n12,658<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n12,689<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Trucks (end of period) ***<\/td>\n \n \n \n12,744<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n12,739<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Trailing equipment (end of period)<\/td>\n \n \n \n34,343<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n32,345<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average effective trailing equipment usage<\/td>\n \n \n \n35,645<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n33,027<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Integrated Capacity Solutions<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loads<\/td>\n \n \n \n156,856<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n132,315<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Revenue per load<\/td>\n $<\/td>\n \n \n2,477<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n1,967<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Gross profit margin<\/td>\n \n \n \n12.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n \n \n15.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n <\/tr>\n \n Employee count (end of period)<\/td>\n \n \n \n710<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n560<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Final Mile Services<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Stops<\/td>\n \n \n \n861,905<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n998,916<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average trucks during the period***<\/td>\n \n \n \n1,199<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n1,317<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Truckload<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loads<\/td>\n \n \n \n118,714<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n104,357<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Revenue per load<\/td>\n $<\/td>\n \n \n2,019<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n1,696<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average length of haul<\/td>\n \n \n \n584<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n611<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Tractors (end of period)<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Company-owned<\/td>\n \n \n \n–<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n–<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Independent contractor<\/td>\n \n \n \n1,880<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n2,041<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Total tractors<\/td>\n \n \n \n1,880<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n2,041<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Trailers (end of period)<\/td>\n \n \n \n12,573<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n12,785<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average effective trailing equipment usage<\/td>\n \n \n \n12,190<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n12,144<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n * Includes company-owned and independent contractor tractors<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n ** Using weighted workdays<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n *** Includes company-owned, independent contractor, and customer-owned trucks<\/td>\n \n \n \n \n \n <\/tr>\n<\/table>\n \n
\n Operating Statistics by Segment<\/b><\/td>\n<\/tr>\n \n (unaudited)<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Six Months Ended June 30<\/b><\/td>\n \n <\/tr>\n \n \n \n \n 2026<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Intermodal<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loads<\/td>\n \n \n \n1,114,924<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n1,046,982<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average length of haul<\/td>\n \n \n \n1,600<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n1,645<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Revenue per load<\/td>\n $<\/td>\n \n \n2,923<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n2,777<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average tractors during the period *<\/td>\n \n \n \n6,198<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n6,403<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Tractors (end of period) *<\/td>\n \n \n \n6,232<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n6,363<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Trailing equipment (end of period)<\/td>\n \n \n \n124,199<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n125,265<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average effective trailing equipment usage<\/td>\n \n \n \n110,193<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n105,164<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Dedicated<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loads<\/td>\n \n \n \n1,937,825<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n1,935,666<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average length of haul<\/td>\n \n \n \n172<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n179<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Revenue per truck per week**<\/td>\n $<\/td>\n \n \n5,438<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n5,146<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average trucks during the period***<\/td>\n \n \n \n12,649<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n12,656<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Trucks (end of period) ***<\/td>\n \n \n \n12,744<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n12,739<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Trailing equipment (end of period)<\/td>\n \n \n \n34,343<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n32,345<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average effective trailing equipment usage<\/td>\n \n \n \n34,497<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n32,972<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Integrated Capacity Solutions<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loads<\/td>\n \n \n \n308,675<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n270,058<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Revenue per load<\/td>\n $<\/td>\n \n \n2,304<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n1,956<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Gross profit margin<\/td>\n \n \n \n12.3<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n \n \n \n15.4<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n <\/tr>\n \n Employee count (end of period)<\/td>\n \n \n \n710<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n560<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Final Mile Services<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Stops<\/td>\n \n \n \n1,666,641<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n1,919,260<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average trucks during the period***<\/td>\n \n \n \n1,214<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n1,335<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Truckload<\/span><\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loads<\/td>\n \n \n \n232,135<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n199,500<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Revenue per load<\/td>\n $<\/td>\n \n \n1,917<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n1,722<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average length of haul<\/td>\n \n \n \n589<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n616<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Tractors (end of period)<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Company-owned<\/td>\n \n \n \n–<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n–<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Independent contractor<\/td>\n \n \n \n1,880<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n2,041<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Total tractors<\/td>\n \n \n \n1,880<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n2,041<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Trailers (end of period)<\/td>\n \n \n \n12,573<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n12,785<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n Average effective trailing equipment usage<\/td>\n \n \n \n12,352<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n \n12,120<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n * Includes company-owned and independent contractor tractors<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n ** Using weighted workdays<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n *** Includes company-owned, independent contractor, and customer-owned trucks<\/td>\n \n \n \n \n \n <\/tr>\n<\/table>\n \n
\n J.B. HUNT TRANSPORT SERVICES, INC.<\/b><\/td>\n<\/tr>\n \n Condensed Consolidated Balance Sheets<\/b><\/td>\n<\/tr>\n \n (in thousands)<\/td>\n<\/tr>\n \n (unaudited)<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n June 30, 2026<\/b><\/p>\n<\/td>\n
\n \n \n \n December 31, 2025<\/b><\/p>\n<\/td>\n
<\/tr>\n \n ASSETS<\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Current assets:<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Cash and cash equivalents<\/td>\n $<\/td>\n \n \n4,162<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n17,284<\/p>\n<\/td>\n
\n <\/tr>\n \n Accounts Receivable, net<\/td>\n \n \n \n1,461,271<\/p>\n<\/td>\n
\n \n \n \n \n1,160,371<\/p>\n<\/td>\n
\n <\/tr>\n \n Prepaid expenses and other<\/td>\n \n \n \n347,913<\/p>\n<\/td>\n
\n \n \n \n \n426,535<\/p>\n<\/td>\n
\n <\/tr>\n \n Total current assets<\/td>\n \n \n \n1,813,346<\/p>\n<\/td>\n
\n \n \n \n \n1,604,190<\/p>\n<\/td>\n
\n <\/tr>\n \n Property and equipment<\/td>\n \n \n \n9,359,388<\/p>\n<\/td>\n
\n \n \n \n \n9,348,370<\/p>\n<\/td>\n
\n <\/tr>\n \n Less accumulated depreciation<\/td>\n \n \n \n3,988,837<\/p>\n<\/td>\n
\n \n \n \n \n3,810,269<\/p>\n<\/td>\n
\n <\/tr>\n \n Net property and equipment<\/td>\n \n \n \n5,370,551<\/p>\n<\/td>\n
\n \n \n \n \n5,538,101<\/p>\n<\/td>\n
\n <\/tr>\n \n Other assets, net<\/td>\n \n \n \n760,881<\/p>\n<\/td>\n
\n \n \n \n \n784,864<\/p>\n<\/td>\n
\n <\/tr>\n \n \n $<\/td>\n \n \n7,944,778<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n7,927,155<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n LIABILITIES & STOCKHOLDERS’ EQUITY<\/b><\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Current liabilities:<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Current debt<\/td>\n $<\/td>\n \n \n–<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n699,859<\/p>\n<\/td>\n
\n <\/tr>\n \n Trade accounts payable<\/td>\n \n \n \n792,348<\/p>\n<\/td>\n
\n \n \n \n \n655,604<\/p>\n<\/td>\n
\n <\/tr>\n \n Claims accruals<\/td>\n \n \n \n322,235<\/p>\n<\/td>\n
\n \n \n \n \n310,339<\/p>\n<\/td>\n
\n <\/tr>\n \n Accrued payroll<\/td>\n \n \n \n153,185<\/p>\n<\/td>\n
\n \n \n \n \n110,388<\/p>\n<\/td>\n
\n <\/tr>\n \n Other accrued expenses<\/td>\n \n \n \n176,895<\/p>\n<\/td>\n
\n \n \n \n \n159,153<\/p>\n<\/td>\n
\n <\/tr>\n \n Total current liabilities<\/td>\n \n \n \n1,444,663<\/p>\n<\/td>\n
\n \n \n \n \n1,935,343<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Long-term debt<\/td>\n \n \n \n1,145,337<\/p>\n<\/td>\n
\n \n \n \n \n766,938<\/p>\n<\/td>\n
\n <\/tr>\n \n Long-term claims accruals<\/td>\n \n \n \n487,457<\/p>\n<\/td>\n
\n \n \n \n \n444,479<\/p>\n<\/td>\n
\n <\/tr>\n \n Other long-term liabilities<\/td>\n \n \n \n298,697<\/p>\n<\/td>\n
\n \n \n \n \n307,005<\/p>\n<\/td>\n
\n <\/tr>\n \n Deferred income taxes<\/td>\n \n \n \n911,509<\/p>\n<\/td>\n
\n \n \n \n \n908,305<\/p>\n<\/td>\n
\n <\/tr>\n \n Stockholders’ equity<\/td>\n \n \n \n3,657,115<\/p>\n<\/td>\n
\n \n \n \n \n3,565,085<\/p>\n<\/td>\n
\n <\/tr>\n \n \n $<\/td>\n \n \n7,944,778<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n7,927,155<\/p>\n<\/td>\n
\n <\/tr>\n<\/table>\n \n
\n Supplemental Data<\/b><\/td>\n<\/tr>\n \n (unaudited)<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n June 30, 2026<\/b><\/p>\n<\/td>\n
\n \n \n \n December 31, 2025<\/b><\/p>\n<\/td>\n
<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Actual shares outstanding at end of period (000)<\/td>\n \n \n \n93,915<\/p>\n<\/td>\n
\n \n \n \n \n94,595<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Book value per actual share outstanding at end of period<\/td>\n $<\/td>\n \n \n38.94<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n37.69<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n Six Months Ended June 30<\/b><\/td>\n \n <\/tr>\n \n \n \n \n 2026<\/b><\/p>\n<\/td>\n
\n \n \n \n 2025<\/b><\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net cash provided by operating activities (000)<\/td>\n $<\/td>\n \n \n723,266<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n806,245<\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net capital expenditures (000)<\/td>\n $<\/td>\n \n \n144,947<\/p>\n<\/td>\n
\n \n $<\/td>\n \n \n399,079<\/p>\n<\/td>\n
\n <\/tr>\n<\/table>\n \n\u00a0<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260715520827\/en\/<\/a><\/span><\/p>\n
\nAndrew Hall
\n
Senior Director \u2013 Finance
\n
(479) 820-0000<\/p>\nKEYWORDS:<\/b> Arkansas United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Trucking Rail Maritime Air Transport Logistics\/Supply Chain Management<\/p>\n
- Second Quarter 2026 Operating Income\/(Loss): ($1.3) million; vs. $3.4 million in Q2\u201925<\/b><\/li>\n<\/ul>\n
- Second Quarter 2026 Operating Income: $5.6 million; down 30%<\/b><\/li>\n<\/ul>\n
- Second Quarter 2026 Operating Income\/(Loss): $1.7 million; vs. $(3.6) million in Q2\u201925<\/b><\/li>\n<\/ul>\n
- Second Quarter 2026 Operating Income: $102.5 million; up 9%<\/b><\/li>\n<\/ul>\n
- Second Quarter 2026 Operating Income: $150.9 million; up 58%<\/b><\/li>\n<\/ul>\n
- Second Quarter 2026 Operating Income: $259.5 million; up 32%<\/b><\/li>\n
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<\/td>\n<\/tr>\n