LOWELL -- J.B. Hunt Transport Services announced third quarter 2021 net earnings Friday of $199.8 million, or diluted earnings per share of $1.88 versus third quarter 2020 net earnings of $125.5 million, or $1.18 cents per diluted share.
Total operating revenue for the current quarter was $3.14 billion, an increase of 27% compared with $2.47 billion for the third quarter 2020. All segments contributed double-digit revenue growth versus the prior year period.
Truckload and Integrated Capacity Solutions grew revenue 87% and 55% year-over-year, respectively, as both segments were able to source and secure capacity for customers in the Marketplace for J.B. Hunt 360 in this capacity-constrained freight environment.
Intermodal revenue grew 17%, driven by a 24% increase in revenue per load, partially offset by a 6% decline in volume.
Dedicated Contract Services revenue grew 20% as a result of a 12% increase in average revenue producing trucks and a 7% increase in fleet productivity versus the prior year period.
Final Mile Services revenue increased 13% as revenue per stop increased 17%, partially offset by 3% fewer stops. Current quarter total operating revenue, excluding fuel surcharges, increased 23% versus the comparable quarter 2020.
Operating income for the current quarter totaled $273.8 million versus $175.5 million for the third quarter 2020.