Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Earnings Watch: J.B. Hunt Grows First Quarter Profit to $118.1 Million

The first quarter 2018 earnings reporting season for trucking began on Monday as J.B. Hunt Transport Services Inc. said its profit moved higher compared to the same time a year ago.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
April 16, 2018
2 min to read


The first quarter 2018 earnings reporting season for trucking began on Monday as J.B. Hunt Transport Services Inc. said its profit moved higher compared to the same time a year ago.

Net income totaled $118.1 million, or $1.07 per share, versus $102.7 million, or 92 cents per share, a year earlier. The latest per share performance was 2 cents less than an expected consensus estimate from Zacks Investment Research.

Ad Loading...

Total revenue moved 20% higher to $1.95 billion while revenue minus fuel surcharges rose 17% to $1.71 billion.

Intermodal load growth was 6% and revenue per load, excluding fuel surcharges, increased approximately 4% over first quarter 2017 levels, according to the company.

Its dedicated segment saw revenue increase by 26% from a year earlier ,primarily from additional customer contracts. Brokerage load growth was 6% and revenue per load increased approximately 34% over the same period in 2017.

Ad Loading...

The company’s truck segment revenue decreased 1% primarily from fewer seated trucks compared to a year ago as its seated truck count fell to 1,926 at the end of the quarter, down from 2,144 a year earlier.

Operating income for the first quarter of 2018 totaled $169 million compared $149 million for the first quarter 2017. The company said this was due to benefits from volume growth, higher customer rates, new customer contracts, and continuing vibrant spot pricing market.

However, the increase in operating income was partially offset by several factors, including increased purchased transportation costs; lower intermodal network utilization; lower productivity in winter weather affected regions; higher driver and non-driver salaries, wages and benefits; increased final mile services network facilities costs; higher maintenance costs on equipment scheduled to be traded in 2018; increased technology spending on legacy system upgrades; continuing branch network expansion; increased equipment ownership costs, and increased insurance and claims costs. 

More Fleet Management

Geotab screen on AI concept background
Fleet ManagementJune 17, 2026

What Geotab's New AI Connector Means for Fleets

Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.

Read More →
Image of computer screen with BidBoardX interface

New C.H. Robinson Tool Opens Door to More Predictable Freight

BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.

Read More →
Amazon electric cargo bike on New York City street
Fleet ManagementJune 15, 2026

New York City's Microhub Project is Delivering Results

Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.

Read More →
Ad Loading...
Illustration of hourglass and trucks backed up to a dock
DriversJune 15, 2026

Why Truck Detention Keeps Costing Fleets Time and Money

A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.

Read More →
Panel discussion
Fleet Managementby Deborah LockridgeJune 12, 2026

Time is Running Out to Apply for Exclusive HDT Event

Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.

Read More →
Empty trailer with worker loading a pallet of cargo
Fleet ManagementJune 10, 2026

Amazon Launches Less-Than-Truckload Freight Offering for All Businesses   

This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.

Read More →
Ad Loading...
Stacks of intermodal containers at port with truck driving between them

Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall

After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.

Read More →
Equity Interest Auction
SponsoredJune 8, 2026

AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!

Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.

Read More →
Volvo OTA updates.

Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities

The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.

Read More →
Ad Loading...
Podcast thumbnail illustration
Fleet ManagementJune 4, 2026

How Waste Connections is Using Data, Telematics, and AI

How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.

Read More →