JB Hunt, Covenant Post Higher 4Q Earnings

JBJ.B. Hunt Transport Services and Covenant Transportation Group reported stronger fourth-quarter profits, providing a positive early look at quarterly financial results for large, publicly traded trucking companies.

J.B. Hunt said its fourth-quarter net income rose to $110 million, or 93 cents per share, from $92 million, or 77 cents, a year earlier. Quarterly revenue rose 9% to $1.61 billion, the intermodal and trucking company said in its Jan. 22 report.

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