UPDATED:
1/27/2012 10:45:00 AM
Write a Letter to the Editor
Print This
TT File Photo
J.B. Hunt Transport Services’ fourth-quarter profit rose 25% on higher freight income from its trucking and intermodal businesses.
Net income rose to $72.6 million, or 61 cents per share, from $52.2 million, or 41 cents, a year ago.
The trucking, logistics and intermodal company’s revenue rose to $1.2 billion, from $1.02 billion.
Trucking unit operating revenue jumped 61% to $7.1 million, while revenue rose 8% to $128 million.
Intermodal operating income jumped 24% to $83.9 million, while revenue rose 24% to $729 million.
Dedicated contract services operating income rose 40% to $27.4 million, while revenue rose 9% to $260 million.
For the year, the company earned $257 million, $2.11 or per share, from $199.6 million, or $1.56. Revenue rose to $4.5 billion, from $3.8 billion.
J.B. Hunt is ranked No. 5 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
Follow Transport Topics on RSS Twitter Facebook
Print This
© 2011, Transport Topics Publishing Group. All rights reserved.
RELATED ARTICLES
J.B. Hunt’s 4Q Income Rises 25% (1/27/2012 10:45:00 AM)
Most Carriers Improve 4Q Earnings, Buoyed by Rate Increases, Freight Growth (1/16/2012 4:30:00 AM)
Carriers Await Final Rule on EOBRs (1/9/2012 9:20:00 AM)
Experts Predict More Mergers as Trucking’s Fortunes Improve (1/9/2012 6:00:00 AM)
National Rail Strike Is Averted As Carriers, Two Unions Settle (12/12/2011 6:30:00 AM)
Shippers Locking Up Trucks Ahead of Feared 2012 Shortage (11/28/2011 7:00:00 AM)