JB Hunt Transport's stock plunged 5.48% in after-hours trading on Thursday, following the release of its fourth-quarter 2024 earnings results. The trucking and logistics company missed Wall Street's expectations for earnings and reported a decline in revenue compared to the prior year.

For the quarter, JB Hunt reported earnings per share of $1.53, falling short of the $1.61 consensus estimate from analysts. Revenue came in at $3.15 billion, a 5% decrease from the same period last year but slightly ahead of the $3.13 billion forecast.

The company's profitability was weighed down by higher expenses and capacity constraints. In its intermodal shipping segment, which combines truck and rail transportation, volumes increased by 5% year-over-year. However, revenue per load declined by 6% due to changes in freight mix, customer rates, and fuel surcharge revenue. Additionally, JB Hunt's dedicated contract services unit saw a 4% drop in the average number of trucks in its fleet as customers downsized their operations.