J. B. Hunt's Earnings Jump on Increased Demand
During the second quarter, truckload carrier J. B. Hunt Transport Services' earnings jumped to $52.1 million, or 40 cents a share, compared with $24 million, or 19 cents a share, in the 2009 quarter
During the second quarter, truckload carrier J. B. Hunt Transport Services' earnings jumped to $52.1 million, or 40 cents a share, compared with $24 million, or 19 cents a share, in the 2009 quarter.
The company attributes the gain to increasing demand for transportation services.
The boost in demand also drove a 22 percent rise in second quarter revenue. The company posted $943 million in revenue, compared to $770 million in the 2009 quarter.
The company's operating income gained 94 percent year-over-year, rising to $91 million from $47 million for the second quarter 2009.
"Scarcity of capacity in intermodal, truckload and brokerage markets was quite pronounced in the current quarter," said Kirk Thompson, president and CEO. "We saw our business improve sequentially throughout the quarter as reflected in higher prices in intermodal and truck as the quarter unfolded."
The company's intermodal segment posted revenue of $526 million, up 24 percent, and operating income of $59.5 million, up 54 percent from the year ago.
The truck segment saw revenue up 15 percent to $125 million, while operating income was $7.2 million, compared with $4 million in the 2009 quarter.
More Drivers
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →
Truck Drivers Need More Than Another Alert
Fleets have more visibility into truck health, safety events, and driver activity than ever. The next challenge is turning all that information into useful guidance for the person who has to decide what to do next.
Read More →
FMCSA Removes 110 Truck Driver Training Schools from Certified ELDT List
Federal regulators also are targeting more than 160 additional training providers and launching a nationwide audit of third-party CDL skills testers as part of a broader crackdown on trucking fraud.
Read More →
Hours of Service Pilot Programs: FMCSA Readies for 2027 Rollout
Two pilot programs could eventually reshape hours-of-service rules, giving truck drivers options to pause their 14-hour clock or use longer split sleeper rest periods.
Read More →
Medical Cards, English Proficiency Reshape Roadcheck Violations
Medical-card violations jumped to the top of the driver out-of-service list during CVSA’s 2026 International Roadcheck, while English-language proficiency violations appeared among the leading violations for the first time.
Read More →