Jon Chappell

On this '26 updated operating income bridge, you already spoke to some of the challenges in Global Forwarding. I think when you introduced this, you had said Global Forwarding would be kind of run ...

can you just remind us about your capabilities of some of the financial offerings, fintech, so to speak

how do you think about balancing this desire to win back the Robinson share or, again better while still keeping some of these profitability threshold

Is this a function of some of the index headwinds finally easing? Is it a mix benefit?

Is it kind of stabilized from this 4Q exit rate? Or is there some improvement baked into what's very important yield line item

Can you help us think about the exit rate some of these important cost line items starting in 4Q and going into 2026

in prior quarters, you typically give the sequential outlook on coal RPU, which is obviously very important

is that all incremental to what you've identified in January? And is that all ring-fenced to one Q

do we think about it as 4% on average, but try to get the quarterly cadence more aligned with typically kind of lower cost per employee in the first quarter

how much of that is completely new volume business, how much of that is related to kind of yield and some of the surcharges

how much of that $170 million is at least as it relates to the first quarter? Is strictly revenue and how much of it is cost

The higher inflation element of the cost side seems to be pretty new. Is there any way to quantify exactly how much

as it relates to tariffs, have you heard from your customers about any pull forward?

does it feel today that there is a better pricing opportunity, whether it be for 2026 or 2027, than you maybe anticipated back in January

if you look at revenue per load in both intermodal and you had a pretty nice sequential improvement

Think about the revenue per load cadence for the next four quarters. Like the cake is baked in the mid-26

if that's one of the scenarios that you're potentially considering, how does J.B. Hunt Transport Services, Inc. manage your assets

what steps can you take that are in your own control that you can start improving both of those metrics without getting more help from the broader market

you're in this tight little range all year last year, about 19.3 to 19.4, stepped down about 300 in 1Q. What happened?

I can't find another time where your fuel consumption was down 4Q to 1Q, especially given weather

you also said you expect the headwinds to persist. If we look at export benchmarks and even your Eastern peer last week made it seem like the coal RPU pressure would stop at least sequentially

As we think about getting to the $150 million and more importantly, the plus component of that $150 million

Do you get a sense that there was any pull forward into the first quarter? And does that help framing kind of the way you're thinking about the second quarter

If you took that February, March midpoint of one q enrolled seasonality going forward, where would that put your tonnage on a year-over-year basis?

I'm pretty sure you still put in your annual wage increase on September 1. So was this a function of headcount numbers coming down

operating supplies and expenses have actually improved by 80 basis points as a percentage of revenue in 2Q. So did something happen in 2Q that really helped you

If you could just provide the breakdown of that on tonnage and yield ex fuel understanding there's a few days left

do we expect, you know, four service centers or less in 2025? And, you know, if we do get that inflection second half of the year

what kind of volume growth can the current system handle without needing to add extra resources

Do you keep a level of resiliency in case things are kind of short-lived and kinda just focus on service and making sure you're prepared for the upturn

what are some of the other initiatives you're looking at '25 to kind of maintain or manage that cost inflation

Was there something temporary in 1Q that enabled you to beat by so much relative to what you were expecting

we're kind of hearing in the market and Carol highlighted some of the challenges on kind of core volume of some pricing pressure overall