10/13/2011 5:00:00 PM
Write a Letter to the Editor
Bruce Harmon/Trans Pixs
J.B. Hunt Transport Servicesâ€™ third-quarter net income rose 32% to $68.7 million, or 57 cents per share, from $52.2 million, or 41 cents, a year ago.
The trucking, logistics and intermodal companyâ€™s revenue rose 19% to $1.17 billion, J.B. Hunt said late Thursday.
Operating income rose 30% to $119 million, led by its intermodal segment, which accounted for $18 million.
Its trucking, dedicated contract services and integrated capacity solutions units combined to add about $9 million.
Truck segment operating income rose 4% to $6.8 million, while revenue rose 2% to $127 million.
Intermodal operating income jumped 30% to $78.4 million, while revenue rose 24% to $691 million.
J.B. Hunt is ranked No. 5 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
Â© 2011, Transport Topics Publishing Group. All rights reserved.
J.B. Huntâ€™s Third-Quarter Income Rises 32% (10/13/2011 5:00:00 PM)
Freight Rates Rise Despite Flat Cargo Volumes as Carriers Match Capacity to Shipper Demand (9/19/2011 8:00:00 AM)
Transplace Names Abernathy President of 3PL, Brokerage Unit (8/31/2011 11:00:00 AM)
Trucking Shares Fall in Market Drop, But Analysts Confident of Industry (8/15/2011 8:00:00 AM)
Truckload Firms Post Earnings Gains on Tight Capacity, Higher Rates (7/25/2011 10:00:00 AM)
J.B. Hunt Announces Planned Management Changes (7/22/2011 12:00:00 PM)