J.B. Hunt Transport Services (JBHT) 10-Q 1 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Mar. 31, 2020shares
Document Information [Line Items]
Entity Central Index Key	0000728535
Entity Registrant Name	HUNT J B TRANSPORT SERVICES INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	0-11757
Entity Incorporation, State or Country Code	AR
Entity Tax Identification Number	71-0335111
Entity Address, Address Line One	615 J.B. Hunt Corporate Drive
Entity Address, City or Town	Lowell
Entity Address, State or Province	AR
Entity Address, Postal Zip Code	72745
City Area Code	479
Local Phone Number	820-0000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	JBHT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	105,460,633

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating revenues	$ 2,280,826	$ 2,089,627
Operating expenses:
Rents and purchased transportation	1,136,151	999,889
Salaries, wages and employee benefits	574,249	516,326
Depreciation and amortization	130,095	119,930
Fuel and fuel taxes	101,123	112,125
Operating supplies and expenses	85,598	78,172
General and administrative expenses, net of asset dispositions	45,165	45,038
Insurance and claims	32,361	28,994
Operating taxes and licenses	13,312	13,160
Communication and utilities	8,031	8,198
Total operating expenses	2,126,085	1,921,832
Operating income	154,741	167,795
Net interest expense	12,036	13,033
Earnings before income taxes	142,705	154,762
Income taxes	37,871	35,161
Net earnings	$ 104,834	$ 119,601
Weighted average basic shares outstanding (in shares)	105,985	108,730
Basic earnings per share (in dollars per share)	$ 0.99	$ 1.10
Weighted average diluted shares outstanding (in shares)	106,950	109,664
Diluted earnings per share (in dollars per share)	$ 0.98	$ 1.09
Dividends declared per common share (in dollars per share)	$ 0.27	$ 0.26
Service Excluding Fuel Surcharge [Member]
Operating revenues	$ 2,045,694	$ 1,855,341
Fuel Surcharge [Member]
Operating revenues	$ 235,132	$ 234,286

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 48,454	$ 35,000
Trade accounts receivable, net	978,280	1,011,829
Prepaid expenses and other	371,235	434,470
Total current assets	1,397,969	1,481,299
Property and equipment, at cost	5,682,573	5,640,806
Less accumulated depreciation	2,064,273	2,019,940
Net property and equipment	3,618,300	3,620,866
Goodwill and intangible assets, net	199,437	202,832
Other assets	164,336	165,857
Total assets	5,380,042	5,470,854
Current liabilities:
Trade accounts payable	497,649	602,601
Claims accruals	265,540	279,590
Accrued payroll	75,736	68,220
Other accrued expenses	70,451	85,355
Total current liabilities	909,376	1,035,766
Long-term debt	1,302,756	1,295,740
Other long-term liabilities	170,944	173,241
Deferred income taxes	714,548	699,078
Stockholders' equity	2,282,418	2,267,029
Total liabilities and stockholders' equity	$ 5,380,042	$ 5,470,854

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balances at Dec. 31, 2018	$ 1,671	$ 340,457	$ 4,188,435	$ (2,429,179)	$ 2,101,384
Comprehensive income:
Net earnings	0	0	119,601	0	119,601
Cash dividend declared and paid	0	0	(28,272)	0	(28,272)
Share-based compensation	0	13,571	0	0	13,571
Restricted share issuances, net of stock repurchased for payroll taxes	0	(2,147)	0	(373)	(2,520)
Balances at Dec. 31, 2018	1,671	340,457	4,188,435	(2,429,179)	2,101,384
Balances at Mar. 31, 2019	1,671	351,881	4,279,764	(2,429,552)	2,203,764
Balances at Dec. 31, 2019	1,671	374,049	4,592,938	(2,701,629)	2,267,029
Comprehensive income:
Net earnings	0	0	104,834	0	104,834
Cash dividend declared and paid	0	0	(28,688)	0	(28,688)
Share-based compensation	0	18,063	0	0	18,063
Restricted share issuances, net of stock repurchased for payroll taxes	0	(3,535)	0	(92)	(3,627)
Balances at Dec. 31, 2019	1,671	374,049	4,592,938	(2,701,629)	2,267,029
Comprehensive income:
Purchase of treasury shares	0	0	0	(75,193)	(75,193)
Balances at Mar. 31, 2020	$ 1,671	$ 388,577	$ 4,669,084	$ (2,776,914)	$ 2,282,418

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Retained Earnings [Member]
Cash dividend declared and paid per share (in dollars per share)	$ 0.27	$ 0.26

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net earnings	$ 104,834	$ 119,601
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	130,095	119,930
Noncash lease expense	11,411	8,484
Share-based compensation	18,063	13,571
Loss on sale of revenue equipment and other	1,472	2,252
Deferred income taxes	15,470	25,030
Changes in operating assets and liabilities:
Trade accounts receivable	33,549	58,109
Other assets	(60,029)	(54,421)
Trade accounts payable	(5,392)	(14,325)
Income taxes payable or receivable	23,066	12,213
Claims accruals	(7,938)	(920)
Accrued payroll and other accrued expenses	(15,438)	(38,783)
Net cash provided by operating activities	249,163	250,741
Cash flows from investing activities:
Additions to property and equipment	(166,814)	(257,658)
Net proceeds from sale of equipment	38,078	45,512
Business acquisition	0	(98,543)
Change in other assets	28	(15)
Net cash used in investing activities	(128,708)	(310,704)
Cash flows from financing activities:
Proceeds from issuances of long-term debt	0	700,000
Payments on long-term debt	0	(250,000)
Proceeds from revolving lines of credit and other	220,607	730,618
Payments on revolving lines of credit and other	(220,100)	(1,045,100)
Purchase of treasury stock	(75,193)	0
Stock repurchased for payroll taxes	(3,627)	(2,520)
Dividends paid	(28,688)	(28,272)
Net cash provided by/(used in) financing activities	(107,001)	104,726
Net change in cash and cash equivalents	13,454	44,763
Cash and cash equivalents at beginning of period	35,000	7,600
Cash and cash equivalents at end of period	48,454	52,363
Supplemental disclosure of cash flow information:
Interest	21,673	14,363
Income taxes	1,173	2,163
Noncash investing activities
Accruals for equipment received	$ 22,395	$ 49,639

Note 1 - General

Note 1 - General	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. General Basis of Presentation The accompanying unaudited interim Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information. We believe such statements include all adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of our financial position, results of operations and cash flows at the dates and for the periods indicated. Pursuant to the requirements of the Securities and Exchange Commission (SEC) applicable to quarterly reports on Form 10 not not 10 December 31, 2019. not may December 31, 2020, August November Use of Estimates The novel coronavirus (COVID- 19 may may three March 31, 2020, 19 may Accounting Prono uncement Adopted in 20 20 In June 2016, 2016 13, January 1, 2020, not A ccounts Receivable and Allowance Our trade accounts receivable includes accounts receivable reduced by an allowance for uncollectible accounts. Receivables are recorded at amounts billed to customers when loads are delivered or services are performed. The allowance for uncollectible accounts is calculated over the life of the underlying receivable and is based on historical experience; any known trends or uncertainties related to customer billing and account collectability; current economic conditions; and reasonable and supportable economic forecasts, each applied to segregated risk pools based on the business segment that generated the receivable. The adequacy of our allowance is reviewed quarterly. Balances are charged against the allowance when it is determined the receivable will not March 31, 2020 December 31, 2019. no first 2020.

Note 2 - Earnings Per Share

Note 2 - Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	2. Earnings Per Share We compute basic earnings per share by dividing net earnings available to common stockholders by the actual weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if holders of unvested restricted and performance share units converted their holdings into common stock. The dilutive effect of restricted and performance share units was 1.0 million shares during the first 2020, first 2019.

Note 3 - Share-based Compensati

Note 3 - Share-based Compensation	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	3 . Share-b ased Compensation The following table summarizes the components of our share-based compensation program expense (in thousands): Three Months Ended March 31, 2020 2019 Restricted share units: Pretax compensation expense $ 14,679 $ 9,741 Tax benefit 3,758 2,435 Restricted share unit expense, net of tax $ 10,921 $ 7,306 Performance share units: Pretax compensation expense $ 3,384 $ 3,830 Tax benefit 866 957 Performance share unit expense, net of tax $ 2,518 $ 2,873 As of March 31, 2020, first 2020,

Note 4 - Financing Arrangements

Note 4 - Financing Arrangements	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	4. Financing Arrangements Outstanding borrowings, net of unamortized discount, unamortized debt issuance cost, and fair value swap, under our current financing arrangements consist of the following (in millions): March 31, 2020 December 31, 2019 Senior notes 1,302.8 1,295.7 Senior Revolving Line of Credit At March 31, 2020, September 2023. one March 31, 2020, Seni or Notes Our senior notes consist of three first March 2024, March 2014. March September September 2014. second August 2022, August 2015. February August February 2016. third March 2026, March 2019. March September September 2019. three no 1933, February 2014 January 2019. may 5, $350 3.30% August 2022. Our financing arrangements require us to maintain certain covenants and financial ratios. We were in compliance with all covenants and financial ratios at March 31, 2020.

Note 5 - Derivative Financial I

Note 5 - Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	5. Derivative Financial Instruments We periodically utilize derivative instruments for hedging and non-trading purposes to manage exposure to changes in interest rates and to maintain an appropriate mix of fixed and variable-rate debt. At inception of a derivative contract, we document relationships between derivative instruments and hedged items, as well as our risk-management objective and strategy for undertaking various derivative transactions, and assess hedge effectiveness. If it is determined that a derivative is not We entered into a receive fixed-rate and pay variable-rate interest rate swap agreement simultaneously with the issuance of our $350 million of 3.30% senior notes due August 2022, $350 3.30% March 31, 2020. March 31, 2020. 7,

Note 6 - Capital Stock

Note 6 - Capital Stock	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6 . Capital Stock On April 20, 2017, January 22, 2020, March 31, 2020, three March 31, 2020. January 22, 2020, February 21, 2020, February 7, 2020. April 23, 2020 May 22, 2020 May 8, 2020

Note 7 - Fair Value Measurement

Note 7 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	7 . Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis Our assets and liabilities measured at fair value are based on valuation techniques which consider prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. These valuation methods are based on either quoted market prices (Level 1 2 Asset/(Liability) Balance March 31, 2020 December 31, 2019 Input Level Trading investments $ 17.9 $ 20.4 1 Interest rate swaps $ 11.4 $ 4.8 2 Senior notes, net of unamortized discount and debt issuance costs $ (360.1 ) $ (353.1 ) 2 The fair value of trading investments has been measured using the market approach (Level 1 2 Financial Instruments The carrying amount and estimated fair value at March 31, 2020, 2 not The carrying amounts of all other instruments at March 31, 2020,

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8 . Income Taxes Our effective income tax rate was 26.5% for the three March 31, 2020, three March 31, 2019. first 2019 At March 31, 2020, March 31, 2020.

Note 9 - Legal Proceedings

Note 9 - Legal Proceedings	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9 . Legal Proceedings In January 2017 May 1, 2016, October 2019 January 17, 2020, first 2020 We are involved in certain other claims and pending litigation arising from the normal conduct of business. Based on present knowledge of the facts and, in certain cases, opinions of outside counsel, we believe the resolution of these claims and pending litigation will not

Note 10 - Segment Information

Note 10 - Segment Information	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	1 0 . Business Segments In March 2020, two three March 31, 2020 2019. third third third not Assets (Excludes intercompany accounts) As of March 31, 2020 December 31, 2019 JBI $ 2,228 $ 2,217 DCS 1,410 1,445 ICS 203 208 FMS 418 432 JBT 242 241 Other (includes corporate) 879 928 Total $ 5,380 $ 5,471 Operating Revenues For The Three Months Ended March 31, 2020 2019 JBI $ 1,150 $ 1,088 DCS 542 492 ICS 335 301 FMS 154 110 JBT 105 102 Subtotal 2,286 2,093 Inter-segment eliminations (5 ) (3 ) Total $ 2,281 $ 2,090 Operating Income/(Loss) For The Three Months Ended March 31, 2020 2019 JBI $ 102.2 $ 103.3 DCS 72.9 50.1 ICS (18.9 ) 7.0 FMS (3.3 ) 0.2 JBT 1.8 7.2 Total $ 154.7 $ 167.8 Depreciation and Amortization Expense For The Three Months Ended March 31, 2020 2019 JBI $ 46.5 $ 44.4 DCS 56.3 51.0 ICS 0.4 0.9 FMS 8.1 6.4 JBT 8.2 8.8 Other (includes corporate) 10.6 8.4 Total $ 130.1 $ 119.9

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited interim Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information. We believe such statements include all adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of our financial position, results of operations and cash flows at the dates and for the periods indicated. Pursuant to the requirements of the Securities and Exchange Commission (SEC) applicable to quarterly reports on Form 10 not not 10 December 31, 2019. not may December 31, 2020, August November
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The novel coronavirus (COVID- 19 may may three March 31, 2020, 19 may
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Prono uncement Adopted in 20 20 In June 2016, 2016 13, January 1, 2020, not
Receivable [Policy Text Block]	A ccounts Receivable and Allowance Our trade accounts receivable includes accounts receivable reduced by an allowance for uncollectible accounts. Receivables are recorded at amounts billed to customers when loads are delivered or services are performed. The allowance for uncollectible accounts is calculated over the life of the underlying receivable and is based on historical experience; any known trends or uncertainties related to customer billing and account collectability; current economic conditions; and reasonable and supportable economic forecasts, each applied to segregated risk pools based on the business segment that generated the receivable. The adequacy of our allowance is reviewed quarterly. Balances are charged against the allowance when it is determined the receivable will not March 31, 2020 December 31, 2019. no first 2020.

Note 3 - Share-based Compensa_2

Note 3 - Share-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended March 31, 2020 2019 Restricted share units: Pretax compensation expense $ 14,679 $ 9,741 Tax benefit 3,758 2,435 Restricted share unit expense, net of tax $ 10,921 $ 7,306 Performance share units: Pretax compensation expense $ 3,384 $ 3,830 Tax benefit 866 957 Performance share unit expense, net of tax $ 2,518 $ 2,873

Note 4 - Financing Arrangemen_2

Note 4 - Financing Arrangements (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Debt [Table Text Block]	March 31, 2020 December 31, 2019 Senior notes 1,302.8 1,295.7

Note 7 - Fair Value Measureme_2

Note 7 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Asset/(Liability) Balance March 31, 2020 December 31, 2019 Input Level Trading investments $ 17.9 $ 20.4 1 Interest rate swaps $ 11.4 $ 4.8 2 Senior notes, net of unamortized discount and debt issuance costs $ (360.1 ) $ (353.1 ) 2

Note 10 - Segment Information (

Note 10 - Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets (Excludes intercompany accounts) As of March 31, 2020 December 31, 2019 JBI $ 2,228 $ 2,217 DCS 1,410 1,445 ICS 203 208 FMS 418 432 JBT 242 241 Other (includes corporate) 879 928 Total $ 5,380 $ 5,471
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Operating Revenues For The Three Months Ended March 31, 2020 2019 JBI $ 1,150 $ 1,088 DCS 542 492 ICS 335 301 FMS 154 110 JBT 105 102 Subtotal 2,286 2,093 Inter-segment eliminations (5 ) (3 ) Total $ 2,281 $ 2,090
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Operating Income/(Loss) For The Three Months Ended March 31, 2020 2019 JBI $ 102.2 $ 103.3 DCS 72.9 50.1 ICS (18.9 ) 7.0 FMS (3.3 ) 0.2 JBT 1.8 7.2 Total $ 154.7 $ 167.8
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	Depreciation and Amortization Expense For The Three Months Ended March 31, 2020 2019 JBI $ 46.5 $ 44.4 DCS 56.3 51.0 ICS 0.4 0.9 FMS 8.1 6.4 JBT 8.2 8.8 Other (includes corporate) 10.6 8.4 Total $ 130.1 $ 119.9

Note 1 - General (Details Textu

Note 1 - General (Details Textual) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Trade Accounts Receivable [Member]
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 14.5	$ 13.3

Note 2 - Earnings Per Share (De

Note 2 - Earnings Per Share (Details Textual) - shares shares in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Incremental Common Shares Attributable to Share-based Payment Arrangements, Total (in shares)	1	0.9

Note 3 - Share-based Compensa_3

Note 3 - Share-based Compensation (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)shares
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 95.3
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years 2 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares) | shares	34,781
Performance Shares [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 24.2
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares) | shares	44,870

Note 3 - Share-based Compensa_4

Note 3 - Share-based Compensation - Components of Share-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restricted Stock Units (RSUs) [Member]
Pretax compensation expense	$ 14,679	$ 9,741
Tax benefit	3,758	2,435
Share unit expense, net of tax	10,921	7,306
Performance Shares [Member]
Pretax compensation expense	3,384	3,830
Tax benefit	866	957
Share unit expense, net of tax	$ 2,518	$ 2,873

Note 4 - Financing Arrangemen_3

Note 4 - Financing Arrangements (Details Textual) $ in Thousands	Mar. 31, 2020USD ($)
Senior Notes [Member] | Senior Notes, First Issuance [Member]
Unsecured Debt, Total	$ 250,000
Debt Instrument, Interest Rate, Stated Percentage	3.85%
Senior Notes [Member] | Senior Notes, Second Issuance [Member]
Unsecured Debt, Total	$ 350,000
Debt Instrument, Interest Rate, Stated Percentage	3.30%
Senior Notes [Member] | Senior Notes, Third Issuance [Member]
Unsecured Debt, Total	$ 700,000
Debt Instrument, Interest Rate, Stated Percentage	3.875%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 750,000
Line of Credit Facility, Maximum Borrowing Capacity, Optional Increase	250,000
Long-term Line of Credit, Total	$ 0

Note 4 - Financing Arrangemen_4

Note 4 - Financing Arrangements - Outstanding Borrowings (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Senior Notes [Member]
Long-term Debt, Total	$ 1,302.8	$ 1,295.7

Note 5 - Derivative Financial_2

Note 5 - Derivative Financial Instruments (Details Textual) - Senior Notes [Member] - Senior Notes, Second Issuance [Member] $ in Millions	Mar. 31, 2020USD ($)
Unsecured Debt, Total	$ 350
Debt Instrument, Interest Rate, Stated Percentage	3.30%
Interest Rate Swap [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative, Variable Interest Rate	3.05%

Note 6 - Capital Stock (Details

Note 6 - Capital Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Apr. 23, 2020	Jan. 22, 2020	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Apr. 20, 2017
Stock Repurchase Program, Authorized Amount		$ 500,000				$ 500,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 520,000
Treasury Stock, Shares, Acquired (in shares)			800,000
Treasury Stock, Value, Acquired, Cost Method			$ 75,193
Common Stock, Dividends, Per Share, Declared (in dollars per share)		$ 0.27	$ 0.27	$ 0.26	$ 0.26
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.27
Dividends Payable, Date Declared	Apr. 23, 2020
Dividends Payable, Date to be Paid	May 22, 2020
Dividends Payable, Date of Record	May 8, 2020

Note 7 - Fair Value Measureme_3

Note 7 - Fair Value Measurements (Details Textual) - Senior Notes [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Long-term Debt, Total	$ 1,302.8	$ 1,295.7
Fair Value, Recurring [Member]
Long-term Debt, Total	942.7
Long-term Debt, Fair Value	$ 970.7

Note 7 - Fair Value Measureme_4

Note 7 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Inputs, Level 1 [Member]
Trading investments	$ 17.9	$ 20.4
Fair Value, Inputs, Level 2 [Member]
Interest rate swaps, assets	11.4	4.8
Senior notes, net of unamortized discount and debt issuance costs	$ (360.1)	$ (353.1)

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	26.50%	22.70%
Unrecognized Tax Benefits, Ending Balance	$ 52.9
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	43.6
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total	$ 4.2

Note 9 - Legal Proceedings (Det

Note 9 - Legal Proceedings (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Arbitration Case with BNSF [Member]
Litigation Settlement, Charge Resulting from Adjustment to Amount Owed	$ 8.2

Note 10 - Segment Information_2

Note 10 - Segment Information (Details Textual)	3 Months Ended
	Mar. 31, 2020
Number of Reportable Segments	5

Note 10 - Segment Information -

Note 10 - Segment Information - Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets	$ 5,380,042	$ 5,470,854
Operating Segments [Member] | JBI [Member]
Assets	2,228,000	2,217,000
Operating Segments [Member] | DCS [Member]
Assets	1,410,000	1,445,000
Operating Segments [Member] | ICS [Member]
Assets	203,000	208,000
Operating Segments [Member] | FMS [Member]
Assets	418,000	432,000
Operating Segments [Member] | JBT [Member]
Assets	242,000	241,000
Corporate and Reconciling Items [Member]
Assets	$ 879,000	$ 928,000

Note 10 - Segment Information_3

Note 10 - Segment Information - Operating Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues	$ 2,280,826	$ 2,089,627
Operating Segments [Member]
Revenues	2,286,000	2,093,000
Intersegment Eliminations [Member]
Revenues	(5,000)	(3,000)
JBI [Member] | Operating Segments [Member]
Revenues	1,150,000	1,088,000
DCS [Member] | Operating Segments [Member]
Revenues	542,000	492,000
ICS [Member] | Operating Segments [Member]
Revenues	335,000	301,000
FMS [Member] | Operating Segments [Member]
Revenues	154,000	110,000
JBT [Member] | Operating Segments [Member]
Revenues	$ 105,000	$ 102,000

Note 10 - Segment Information_4

Note 10 - Segment Information - Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating income	$ 154,741	$ 167,795
JBI [Member] | Operating Segments [Member]
Operating income	102,200	103,300
DCS [Member] | Operating Segments [Member]
Operating income	72,900	50,100
ICS [Member] | Operating Segments [Member]
Operating income	(18,900)	7,000
FMS [Member] | Operating Segments [Member]
Operating income	(3,300)	200
JBT [Member] | Operating Segments [Member]
Operating income	$ 1,800	$ 7,200

Note 10 - Segment Information_5

Note 10 - Segment Information - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Depreciation and amortization	$ 130,095	$ 119,930
Corporate and Reconciling Items [Member]
Depreciation and amortization	10,600	8,400
JBI [Member] | Operating Segments [Member]
Depreciation and amortization	46,500	44,400
DCS [Member] | Operating Segments [Member]
Depreciation and amortization	56,300	51,000
ICS [Member] | Operating Segments [Member]
Depreciation and amortization	400	900
FMS [Member] | Operating Segments [Member]
Depreciation and amortization	8,100	6,400
JBT [Member] | Operating Segments [Member]
Depreciation and amortization	$ 8,200	$ 8,800