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Shares of XPO Logistics (XPO) - Get XPO Logistics, Inc. Report and the broader Dow Transports index rose Tuesday after trucking company J.B. Hunt reported a strong second-quarter 2019. 

XPO's stock climbed 6.1% to $62.52, as investors expect a strong earnings report for XPO on Aug. 1 in light of Tuesday's J.B. Hunt result. 

The Dow Transports Index, of which J.B. Hunt is a component, was rising 2.3% Tuesday. All components of the index rose. J.B. Hunt was the biggest gainer on the index. Its shares rose 8% to $100.  

J.B. Hunt's earnings per share, adjusted for a one-time insurance-claim item, came in at $1.37, beating Wall Street's expectations of $1.34. The EPS result was flat year-over-year.

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Revenue was $2.26 billion, meeting analysts' estimates. The revenue result was a 5.7% year-over-year increase. Intermodal revenue, J.B.'s largest segment representing about half of total revenue, fell 1.3% to $1.15 billion. 

"Overall,wefeltliketherewassomepositivesinanotherwiseweakfreightenvironment," Chief Financial Officer David Mee said on the company's earnings call.


The company hasn't issued guidance, but analysts expect full-year 2019 EPS to contract 2.7% in 2019 with revenue growing 6.2%.