Subscribe Register Login

Thursday, August 21, 2014, 11:05 a.m.
Top Picks - Capture Arkansas

J.B. Hunt posts 9% rise in fourth-quarter profit

By ArkansasOnline

This article was published January 23, 2014 at 7:51 a.m.

J.B. Hunt Transport Services Inc. on Thursday reported record fourth-quarter earnings of $92 million, up 9.4 percent from the $84 million earned in the same period of 2012.

For the full year of 2013, the firm posted net earnings of $342.4 million, or diluted earnings per share of $2.87, up 10 percent from $310.4 million, or diluted earnings per share of $2.59, in 2012.

Fourth-quarter earnings per share came to 77 cents, up from 70 cents in the year-ago period.

Total revenue for the quarter was $1.47 billion, up 10 percent from $1.34 billion in the previous fourth quarter. The Lowell-based transportation company cited a 13 percent growth in its intermodal unit; new customer accounts driving up its Dedicated Contract Services unit revenue by 17 percent; and higher load count boosting revenue 13 percent in its Integrated Capacity Solutions unit.

The company's truck unit, meanwhile, saw a 19 percent decrease in revenue from last year as its fleet size diminished by 11 percent, the company said. J.B. Hunt in December shifted around leadership of its truck segment, a move it said would help turn it "into a consistently profitable business."

Comments on: J.B. Hunt posts 9% rise in fourth-quarter profit

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Local deliveries

    driver-local deliveries and Equipment InstallationDatamax is...
    LITTLE ROCK, AR

  • Airport manager

    City of El Dorado, ArkansasSouth Arkansas RegionalAirport, G...
    EL DORADO, AR

  • Cdl truck driver

    cdl truck driver - Heavy Equipment Haulers, Little RockWoods...
    LITTLE ROCK, AR

  • Project engineer

    PPG Protective and Marine Coatings Bringing innovation to th...
    Little Rock, AR

  • Powder coaters

    Ready? Set? GO! We take industrial staffing seriously. Mater...
    Little Rock, AR

Search 828 jobs >

Top Picks - Capture Arkansas
Arkansas Online