06:30 AM EDT, 07/16/2025 (MT Newswires) -- J.B. Hunt Transport Services (JBHT) shares fell early Wednesday as the transportation and logistics company's second-quarter earnings and operating income declined on a yearly basis, impacted by inflationary cost pressures across its business.

Net earnings ticked down to $1.31 per share for the June quarter from $1.32 the year before, the company said late Tuesday, but topped the FactSet-polled consensus for $1.30. Operating income fell to $197.3 million from $205.7 million in the prior-year quarter.

"The declines were primarily driven by inflationary cost pressures across the business, notably in casualty and group medical claims expense and higher professional driver wages and equipment-related costs," Chief Financial Officer John Kuhlow said during an earnings call, according to a FactSet transcript. "These were partially offset by productivity and cost initiatives."

The stock was down 1.1% in Wednesday's most recent premarket activity.

Revenue remained unchanged at $2.93 billion for the quarter, better than the Street's view for a slight decrease to $2.92 billion. The result was impacted by lower revenue per load in the intermodal and truckload segments, declines in load volume in the integrated capacity solutions division and a decrease in average trucks in the dedicated contract services unit, among other factors, according to the company.

"While we continue to focus on operational excellence, driving productivity and managing our costs, inflationary pressures primarily in wages, insurance, both casualty and medical and equipment costs more than offset those efforts and weighed on margins versus the prior year period," Kuhlow said on the call.

Sales in the intermodal business inclined 2% to $1.44 billion, reflecting a 6% increase in volume and a 3% decrease in gross revenue per load. Dedicated contract services sales slipped to $846.8 million from $851 million a year ago, weighed down by a 3% decrease in average trucks.

The integrated capacity solutions segment recorded a 4% drop in revenue to $260.2 million as overall volume slid 9% year over year. Truckload sales were up 5% to nearly $177 million, while the final mile services segment fell 10% due to soft demand across many of the company's end markets and its ongoing efforts to improve revenue quality and profitability.

The company anticipates its capital expenditures to be between $550 million and $650 million for full-year 2025, compared with its previous projections of $500 million to $700 million, Kuhlow told analysts. J.B. Hunt also identified $100 million of annual costs to eliminate through certain initiatives, with some of these benefits to be realized this year.