J.B. Hunt Second Quarter Revenue and Profit Improves
July 15, 2013
J.B. Hunt's intermodal segment saw loads grow by 12%.
J.B. Hunt Transport announced second quarter financials, showing better performance from the same time a year ago.
It had net earnings of $87.7 million, up from $80.5 million in the second quarter of 2012 while total operating revenue for the period was $1.38 billion, compared with $1.26 billion for the second quarter 2012.
Load growth of 12% in the company’s intermodal segment and 29% in it logistics operation, helped drive a 12% and 20% increase in segment revenue, respectively.
Its dedicated segment revenue increased by 13% as new, large private fleet conversions continue to be implemented, while truck segment revenue decreased by 20% primarily from a smaller fleet and lower utilization.
Current quarter total operating revenue, excluding fuel surcharges, increased 11% compared to a year earlier.
Operating income for the sector quarter totaled $147 million vs. $137 million for the second quarter 2012.
More details can be found on the J.B. Hunt website.