Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/14/2014 1:30:00 PM Write a Letter to the Editor Write a letter to the Editor

J.B. Hunt’s 1Q Income Drops 6%


Sam Hodgson/Bloomberg News

J.B. Hunt Transport Services’ net income slipped 6% in the first quarter to $68.7 million, or 58 cents per share, from $73.3 million, or 61 cents per share, due to winter weather that raised costs and reduced revenue growth.

Revenue rose to $1.41 billion from $1.29 billion, the company said April 14.

“It was evident that the weather in the first quarter, particularly in January and February, played a significant role in both our growth and profitability,” CEO John Roberts said in a statement.

He said that “feedback from our customers about their business expectations gives us encouragement that growth should return.”

Income excluding taxes and interest fell 4% at the intermodal unit to $93.2 million. On the same basis, dedicated contract income fell 30% to $15.6 million, brokerage profit rose nearly 20% to $6.1 million and truck unit net income more than doubled to $2.4 million.

J.B. Hunt ranks No. 4 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.

By Rip Watson
Senior Reporter


Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement