The company said consolidated operating revenues were $2.94 billion for Q1 2024, a 9% decrease from $3.23 billion for Q1 2023, and operating income fell from $277.5 million to $194.4 million.

1. 01

   The company said consolidated operating revenues were $2.94 billion for Q1 2024, a 9% decrease from $3.23 billion for Q1 2023, and operating income fell from $277.5 million to $194.4 million.

2. 02

   The company said JBI segment revenue decreased 9% to $1.40 billion, and segment operating income fell 40% from $168.7 million to $101.9 million. It cited lower revenue per load and higher wages, equipment and insurance costs as factors.

3. 03

   ICS segment revenue fell 26% to $285 million, and the segment posted an operating loss of $17.5 million (compared with an operating loss of $5.4 million a year earlier), the company said. It cited a 21% decrease in gross profit and integration and transition costs related to the purchase of the brokerage assets of BNSF Logistics, LLC as factors.

4. 04

   The company said net cash provided by operating activities was $466.5 million for Q1 2024, and net capital expenditures were approximately $166.2 million. It expects full-year 2024 net capital expenditures to be between $800 million and $1.0 billion.

Key figures

Quarter ended March 31, 2024

Revenue

$2.9B

Operating income

$194M

Net income

$127M

EPS

$1.22

Operating cash flow

$466M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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