J.B. Hunt Transport Services, Inc. reported U.S. GAAP revenues of $3.68 billion for the third quarter of 2026, a 20% increase compared to the $3.05 billion reported in the same period in 2025. Net earnings for the quarter were $172.4 million, or $1.82 per diluted share, compared to $170.8 million, or $1.76 per share, in the prior year. Operating income for the third quarter of 2026 was $247.1 million, an increase of 2% year-over-year.
The company’s total operating revenue, excluding fuel surcharge revenue, increased 13% versus the third quarter of 2025. This growth was driven by an 8% increase in Intermodal loads, a 27% increase in Integrated Capacity Solutions (ICS) revenue per load, and a 29% increase in Truckload revenue per load, partially offset by a 10% decline in Final Mile Services stops.
Segment performance varied during the quarter. Intermodal revenue increased 20% to $1.83 billion, with volume up 8% and operating income up 18% to $147.5 million. Integrated Capacity Solutions revenue surged 57% to $434 million, turning an operating loss of $0.8 million in the prior year into an operating income of $9.6 million. Dedicated Contract Services revenue increased 11% to $960 million, but operating income decreased 22% to $81.7 million. Truckload segment revenue rose 37% to $261 million, while operating income decreased 6% to $7.0 million. Final Mile Services revenue decreased 3% to $200 million, and operating income dropped 76% to $1.6 million.
Regarding capitalization, J.B. Hunt reported cash and cash equivalents of approximately $4 million as of September 30, 2026. The company’s outstanding debt decreased to approximately $1.12 billion from $1.60 billion at the same time in 2025. During the third quarter, the company purchased approximately 704,000 shares of common stock for approximately $174 million, leaving approximately $619 million remaining under its share repurchase authorization.
