JB Hunt Transport Services (NASDAQ:JBHT) saw its stock price plummet by 11.92% in the 24 hours following the release of its Q4 2024 earnings report, amid concerns over higher costs and lower volumes affecting the company's profitability.

The trucking and logistics company reported earnings per share of $1.53 for the fourth quarter, missing analysts' estimates of $1.63 and representing a 5.56% miss. Revenue of $3.15 billion was also down 4.8% year-over-year, although it slightly beat expectations.

The earnings disappointment was primarily driven by higher expenses related to repositioning costs, driver hiring and onboarding, which weighed on the company's profitability. Additionally, JB Hunt faced challenges such as lower revenue per load in its Intermodal and Truckload segments, due to changes in freight mix, customer rates, and fuel surcharge revenue. The company's Dedicated Contract Services segment also saw a 4% decline in the average number of trucks as customers downsized their fleets.