NZX:XRO 5 July 2025

March 20, 2026, 12:16 PM EDT. J.B. Hunt Transport Services reported a modest volume increase in early January driven by customer inventory moves, but a severe winter storm in late January disrupted freight across the U.S. South. Management described the overall freight market as fragile, warning small demand spikes could strain capacity. Regulatory enforcement could remove around 214,000 drivers, about 5% of commercial driver's license holders, tightening capacity further. The company is focusing on margin recovery through cost initiatives and promoting intermodal transport as a highway-to-rail shift. Intermodal pricing typically lags truckload rates, but rising fuel costs and spot market opportunities in Q1 may help offset margin pressure.