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J.B. Hunt Transport Services said late Monday its second-quarter net income rose from a year ago as operating income at three of its four business segments each rose more than 20%.
Net income increased to $80.5 million, or 67 cents per share, from $65.7 million, or 53 cents, a year earlier.
Revenue rose to $1.26 billion, from $4.15 billion a year ago, the company said in a statement.
Truck segment operating income rose 27% to $8.8 million, while revenue slipped 3% to $126 million.
Favorable changes in freight mix, strong seasonal spot pricing, steadily declining fuel costs and improvements in fuel efficiency were partially offset by increases in driver wages, independent contractor costs, lower utilization and higher empty miles, the company said.