J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Q2 2020 Earnings Conference Call July 16, 2020 5:00 PM ET
Brad Delco – Vice President of Finance and Investor Relations
John Roberts – Chief Executive Officer
John Kuhlow – Interim Chief Financial Officer
Darren Field – President of Intermodal
Shelley Simpson – Chief Commercial Officer
Nick Hobbs – President, Dedicated Contract Services
Conference Call Participants
Scott Group – Wolfe Research
Justin Long – Stephens Inc.
Amit Mehrotra – Deutsche Bank AG
Ravi Shanker – Morgan Stanley & Co.
Jordan Alliger – Goldman Sachs
Ken Hoexter – Bank of America Merrill Lynch
Chris Wetherbee – Citigroup Inc.
Tom Wadewitz – UBS Securities Co., Ltd.
Todd Fowler – KeyBanc Capital Markets
Brian Ossenbeck – JPMorgan Chase & Co.
Ladies and gentlemen, thank you for standing by, and welcome to the J.B. Hunt’s Second Quarter 2020 Earnings Call. All lines are currently in a listen-only mode. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]
A replay will be made available after today’s call on the company’s website at jbhunt.com. As a reminder, this call is being recorded.
It is now my pleasure to hand the call over to Mr. Brad Delco, Vice President of Finance and Investor Relations. Please go ahead, sir.
Good afternoon, and thanks for joining us. Hopefully, everyone has had an opportunity to review our earnings release that was issued earlier this afternoon. If not, you should be able to access the release on the Investor section of our website at jbhunt.com.
Before I introduce the speakers on today’s call, I’d like to take some time to provide some disclosures regarding forward-looking statements. This call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as expects, anticipates, intends, estimates, or similar expressions are intended to identify these forward-looking statements.
These statements are based on J.B. Hunt’s current plans and expectations, and involve risks and uncertainties that could cause future activities and results to be materially different from those set forth in the forward-looking statements. For more information regarding risk factors, please refer to J.B. Hunt’s Annual Report on Form 10-K, and other reports and filings with the Securities and Exchange Commission.
Now, I’d like to introduce the speakers on today’s call. This afternoon, I’m joined by our CEO, John Roberts; our Interim CFO, Chief Accounting Officer, Controller and Senior Vice President of Finance, John Kuhlow; Shelley Simpson, our Chief Commercial Officer, and President of Highway Services; Darren Field, our President of Intermodal; and Nick Hobbs, President of Dedicated and Final Miles Services.
At this time, I’d like to turn the call to our CEO, Mr. John Roberts, for some opening comments. John?
Thanks, Brad. The second quarter has confirmed the comprehensive nature of the virus throughout the period. As noted, we immediately committed ourselves to the priorities of taking care of our people, and delivering on the promises we have made to our customers.
We are encouraged with our results in both areas through the second quarter. More than 75% of our employee base has been unable to work from home due to the nature of our business and the ongoing needs of our customers. The safety practices and PPE supplies we deployed early and have continued to support and provide have proven substantially effective to date. We review both external and internal COVID-related data daily.
We will continue to monitor the situation and maintain focus on these important priorities. Additional facility investments have been and are being made to all work areas in Lowell and across the country to help lower risk.