J.B. Hunt's Intermodal Growth Shows Promise Despite Lagging 'Big Three' Ports: Analyst
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Goldman Sachs analyst Jordan Alliger maintains a Buy rating on J.B. Hunt, highlighting its 5% intermodal growth in Q3 2024, despite lagging behind the "Big Three" ports, which saw a 27.5% increase. The West Coast ports reported a 20% year-over-year traffic increase in November 2024. Alliger predicts potential growth for J.B. Hunt towards the end of 2024 and into 2025, driven by a shift towards domestic intermodal and increased imports from West Coast warehouses. However, JBHT shares are currently down 0.76% to $170.70.
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