J.B. Hunt cautious on Q3 volumes despite June intermodal surge

J.B. Hunt Cautious on Q3 Volumes Despite June Intermodal Surge

July 17,2020–JOC.com

Despite a surge in intermodal demand since Memorial Day, J.B. Hunt Transport Services is remaining cautious on second-half volumes as it casts a wary eye on rising COVID-19 infection rates in the US.“We have some potential signs of inflection in the demand curve. We will look for more direction from import data, inventory levels, and retail sales information, as well as thoughtful input from our customers to build confidence in the trends into the second half of the year,” CEO John Roberts said on the company’s second-quarter conference call Thursday. “Having said all that, we are cautious. A recent spike in COVID cases and the uncertainty of what that may present will [cause us to] hold back on any changes from our current state of conservative thinking.”

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