J.B. Hunt Transport Services, Inc. JBHT seems to be actively involved in enhancing its carbon footprint and contributing toward making the transportation industry more sustainable in the future.
To this end, JBHT announced its latest target to reduce its carbon emission intensity by 32% by 2034 (baseline 2019) and boost its initiatives to proceed the freight industry toward a low-carbon future. To meet its aforementioned goal by 2034, J.B. Hunt will need to include alternative powered equipment into its fleet, expand the use of biogenic fuels and improve fuel economy (diesel-powered miles-per-gallon). Other required developments include ongoing enhancements to commercial motor vehicles, charging and refueling infrastructure, expanded capacity on the electrical grid, increased availability of biogenic fuels and the incorporation of more energy resources with lower carbon intensity.
J.B. Hunt’s latest target also seems to be in line with the actual target of the Paris Climate Agreement to limit global warming to 2°C.
Craig Harper, chief sustainability officer and executive vice president at J.B. Hunt, stated,“Our roadmap to achieving this aspirational goal will help J.B. Hunt strive to significantly reduce our carbon emission intensity while holding true to our customer commitment of providing efficient, quality-driven, competitive supply chain solutions for moving their freight.”
Zacks Rank and Stocks to Consider
J.B. Hunt currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks from the broader Zacks Transportation sector are Air Transport Services Group ATSG,Ryder Systems R and Teekay Tankers Ltd. TNK, each currently carrying a Zacks Rank #2 (Buy).
ATSG has an expected earnings growth rate of 34.34% for the current year. ATSG delivered a trailing four-quarter earnings surprise of 17.78%, on average.
The Zacks Consensus Estimate for ATSG’s current-year earnings has improved 5.2% over the past 90 days. Shares of ATSG have gained 4.8% over the past year.
Ryder has an expected earnings growth rate of 67.12% for the current year. R delivered a trailing four-quarter earnings surprise of 30.13%, on average.
The Zacks Consensus Estimate for R’s current-year earnings has improved 6.9% over the past 90 days. Shares of R have gained 0.8% over the past year.
Teekay Tankers has an expected earnings growth rate of 214.91% for the current year. TNK delivered a trailing four-quarter earnings surprise of 42.23%, on average. Teekay Tankers has a long-term expected growth rate of 3%.
The Zacks Consensus Estimate for TNK’s current-year earnings has improved 95% over the past 90 days. Shares of TNK have soared 142.9% over the past year.
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J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report
Ryder System, Inc. (R): Free Stock Analysis Report
Air Transport Services Group, Inc (ATSG): Free Stock Analysis Report
Teekay Tankers Ltd. (TNK): Free Stock Analysis Report
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