Monday, October 15, 2012
JB Hunt trucking Q3 earnings up 14 percent
Trucking company J.B. Hunt Transport Services reported positive third quarter results at $1.3 billion in operating revenue, up 11 percent from 2011.
J.B. Hunt announced 2012 net earnings rose 14 percent to $78.2 million in the current quarter from $68.7 million in 2011.That’s diluted earnings per share of 65 cents in third quarter 2012 compared with third quarter 2011 net earnings of 57 cents per diluted share.
Operating income for the current quarter totaled $133 million compared with $119 million for the third quarter 2011. Positive factors sprang from load growth and improved network balance in the J.B. Hunt’s intermodal division and load growth in its integrated capacity solutions division. They were somewhat offset by cost stresses experienced in both the contract services and trucking segments at the company.
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