MENU
SEARCHMulti-mode freight transportation provider J.B. Hunt Transport Services on Monday reported first quarter 2014 net earnings of $68.7 million, or diluted earnings per share of 58 cents, compared to first quarter 2013 net earnings of $73.3 million, or 61 cents per diluted share.
Multi-mode freight transportation provider J.B. Hunt Transport Services on Monday reported first quarter 2014 net earnings of $68.7 million, or diluted earnings per share of 58 cents, compared to first quarter 2013 net earnings of $73.3 million, or 61 cents per diluted share.
Total operating revenue for the current quarter was $1.41 billion, compared with $1.29 billion for the same time a year earlier.
Rail service disruptions and a series of winter storms in the Midwest and Northeast adversely affected load growth in its intermodal operations, according to the company, though operating revenue was 5% over first quarter 2013 levels, but operating income fell 4%.
The company said the same factors crated a tighter trucking market, which helped its brokerage operation, known as Integrated Capacity Solutions, increase load growth by 3% and revenue per load by 29% over the same period in 2013. The segment saw its operating revenue increase 33% during the quarter while operating income gained 18%.
J.B. Hunt’s supply chain business, known as Dedicated Contract Services, increased revenue by 15% over prior year primarily “from 2013 start-ups becoming fully implemented and new contracts signed in the current period,” however, its operating income fell 29%.
Truck operating revenue decreased by 9% due to a 9% reduction in fleet size, mainly from a lack of independent contractors, the company said, but operating income increased 124%.
“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,” said John N. Roberts, III, president and CEO of J.B. Hunt Transport Services. “Feedback from our customers about their business expectations for the remainder of the year gives us encouragement that growth should return to our previously announced ranges. While additional costs incurred this quarter due to the severity of the winter weather should become less pronounced, increases in driver costs, equipment costs and insurance costs are more likely to persist and must be recovered from the marketplace through revenue management in the bid cycles and customer contract discussions.”
More details are on the J.B. Hunt website.
How a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.
Read More →
When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.
Read More →
As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.
Read More →
The long-awaited registration system promises a single portal — and tighter fraud controls.
Read More →
CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.
Read More →
Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.
Read More →
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.
Read More →
More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.
Read More →
The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.
Read More →
