J.B. Hunt’s Net Earnings Near $92 Million in 1st Quarter
J.B. Hunt Transport Services Inc., has reported first quarter 2015 net earnings of $91.9 million — or diluted earnings per share of 78 cents — versus first quarter 2014 net earnings of $68.7 million, or 58 cents per diluted share.
The Lowell, Ark.-based transportation company said total operating revenue for the current quarter was $1.44 billion, compared with $1.41 billion for the first quarter 2014. Current quarter total operating revenue, excluding fuel surcharges, increased 10 percent versus first quarter 2014.
Intermodal (JBI) load growth was 6 percent over first-quarter 2014 levels. Dedicated Contract Services (DCS) segment revenue increased by 7 percent over the prior year primarily from rate increases and more activity at customer accounts.
Integrated Capacity Solutions (ICS) load growth was 17 percent over the same period in 2014, however lower revenue per load kept segment revenue flat from a year ago. Truck (JBT) segment revenue decreased 1 percent on lower revenue per tractor per week.
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