J.B. Hunt Reports Lower 4Q Income
J.B. Hunt Transport Services said its fourth-quarter profit fell to $41.7 million, or 32 cents per share, from $55.3 million, or 41 cents, a year earlier.
Revenue dipped to $877 million from $880 million a year earlier, the truckload and intermodal services carrier said late Thursday.
Intermodal shipments rose 15% by volume and 1% by revenue, but the gain was wiped out by lower fuel surcharges and sharply lower rates across the company’s businesses, the Associated Press reported.
Truckload segment operating income loss was $1.3 million, compared with a $4.4 million loss a year ago, while revenue fell 9% to $118 million.
Intermodal operating income fell 13% to $53.7 million, while revenue rose 1% to $492 million.
Its dedicated contract services segment’s operating income fell 26% to $19 million, while revenue slipped 2% to $206 million.
Integrated capacity solutions unit operating income fell 49$ 1o $1.7 million, while revenue rose 11% to $67 million.
For the full year, the company earned $136.4 million, or $1.05 per share, down from $200.6 million, or $1.56 per share, in 2008. Sales fell to $3.20 billion, from $3.73 billion.
J.B. Hunt is ranked No.8 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
