J.B. Hunt reports 2nd-quarter earnings of $103.4M

J.B. Hunt Transport Services Inc. reported net earnings of $103.4 million during the second quarter of 2015, the Lowell-based company said Friday.

The earnings for the second quarter came to 88 cents per diluted share, up about 9 percent from $93.4 million, or 79 cents, in the same quarter of 2014, the transportation logistics company reported.

Total operating revenue for the second quarter of 2015 was $1.54 billion, down 0.5 percent from $1.55 billion for the second quarter of 2014.

Operating income increased by 9 percent to $174 million from $159 million for the same quarter the year before. The company attributed the rise to customer rate increases, less reliance on outsourced JBI drayage and Dedicated Contract Services capacity coverage, load growth, freight mix changes and improved equipment fuel economy.

Read Saturday's Arkansas Democrat-Gazette for full details.

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