Total Revenue

Essentially unchanged (≈0% change: $2,928.2M vs. $2,929M)

The overall revenue remained flat as gains and losses across segments offset each other; while some segments improved, others continued to face challenges similar to previous periods. " "

JBI (Intermodal)

+2% (from $1,408M to $1,437.9M)

Modest revenue growth was driven by higher load volumes — notably in the eastern network — and strong demand, echoing trends observed in Q1 where increased volumes partially offset a slight decline in revenue per load " " and. " " "

DCS (Dedicated Contract Services)

Nearly flat (about $846.8M vs. $851M)

Performance was neutral due to offsetting factors: persisted challenges like a decline in average revenue-producing trucks (as seen in Q1) were mitigated by productivity gains, similar to the compensating trends observed in earlier quarters " " and " " " vs.. " " "

ICS (Integrated Capacity Solutions)

-3.6% (from $270M to $260.2M)

The decline reflects a continuation of lower overall segment volume—similar to the 6% drop seen in Q1—despite some improvement in revenue per load, as higher contractual rates were not enough to fully offset volume losses, echoing earlier period factors " " and. " " "

FMS (Final Mile Services)

Over -10% (from $235M to $210.6M)

A significant drop in revenue continued, driven by weak customer demand across end markets and the absence of one-time benefits (like the prior claim settlement) that boosted performance in earlier periods, reflecting trends seen in Q1 where revenues fell by 12% " " and. " " "

JBT (Truckload)

+5%+ (from $168M to $177.0M)

Revenue improvement was achieved through better asset utilization, stronger safety performance, and improved network balance; these factors helped reverse prior weakness, and similar cost management and efficiency measures were seen in Q1 where operating income improved despite revenue challenges " " and. " " "

Inter-segment Eliminations

Improved slightly (from $(5.5)M in Q1 2025 to $(4.3)M in Q2 2025)

The reduction in eliminations suggests better alignment and integration across segments relative to the previous period, even though detailed reasons were not fully disclosed, consistent with efforts to streamline inter-segment transactions " " and prior period disclosures. " " "

Tax Rate

FY 2025

24–25% "

24–25%, likely towards the higher end "

no change

Net Capital Expenditures

FY 2025

$500–$700M "

$550–$650M "

no change

Cost Initiatives

FY 2025

no prior guidance

$100M in annual costs to eliminate "

no prior guidance

Intermodal Business

FY 2025

no prior guidance

Modest rate increases and volume growth " "

no prior guidance

Dedicated Contract Services

FY 2025

no prior guidance

Modest fleet growth with potential startup costs impacting operating income growth " "

no prior guidance