Truck-to-rail conversions should prove a long-term tailwind for Hunt's intermodal operations.
Narrow-moat J.B. Hunt's first-quarter consolidated revenue grew 6.5% year over year. Revenue before fuel surcharges expanded roughly 2%, largely in line with our expectations. We note that volume and core pricing (excluding fuel) in the flagship intermodal operations are trending slightly below our expected run rate for the year. However, we continue to believe capacity in the competing full-truckload industry will firm up during the second half of this year and into 2018 with help from mandator...J.B. Hunt Transport Services is a holding company. Through its subsidiaries, the company is a surface transportation, delivery, and logistics company. The company's service offerings include transportation of full-truckload containerized freight, which it directly transports utilizing its equipment and company drivers or independent contractors. The company also provides customized freight movement, revenue equipment, labor, systems, and delivery services. The company's local and home delivery services typically are provided through a network of cross-dock service centers throughout the continental United States. The company's segments include Intermodal, Dedicated Contract Services?, Integrated Capacity Solutions, and Truckload.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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