Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/15/2014 1:35:00 PM Write a Letter to the Editor Write a letter to the Editor

J.B. Hunt's Income Rises in Second Quarter


TT File Photo

J.B. Hunt Transport Services’ net income increased in the second quarter to $93.4 million, or 79 cents per share, from $87.7 million, or 73 cents per share.

Revenue rose to $1.55 billion from $1.38 billion, the company said July 15.

Income in its intermodal segment, JBI, increased 2% to $113.4 million. Operating income at its truck segment, JBT, increased 217% to $9.4 million on equipment sales, lower personnel costs and a smaller trailer fleet.

 Its dedicated contract services segment, DCS, increased income 2% to $30.3 million

“The slowdown in train velocity and the difficult driver recruiting environment has challenged our growth in JBI. We are pleased we were able to maintain profitability levels despite these obstacles. The worsening driver supply conditions will continue to be a headwind for DCS and JBT as well,” CEO John Roberts said in a statement.

“The planned improvement in JBT is ahead of schedule, and though there is more to do, we are extremely pleased with the progress thus far,” he said.

J.B. Hunt ranks No. 3 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.

By Transport Topics

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 Publishing Group. All rights reserved.


 

 
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

TFM

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