Intermodal spurs J. B. Hunt to record earnings
Written by William C. Vantuono, Editor-in-ChiefJ.B. Hunt Transport Services, Inc., has announced record second-quarter 2011 net earnings of $65.7 million, and a solid performance by its Intermodal segment gets much of the credit.
Total operating revenue was $1.15 billion, compared with $943 million for the second quarter of 2010. The trucking company described the contributions of each of its four operating segments.
“Load growth of 18% in Intermodal (JBI) helped drive a 29% increase in segment revenue. Our Integrated Capacity Solutions (ICS) and Dedicated Contract Services (DCS) segments increased operating revenue by 27% and 16%, respectively, while Truck (JBT) segment revenue rose 4%. Current quarter total operating revenue, excluding fuel surcharges, increased 14% vs. the comparable quarter 2010,” the company reported.
Operating income totaled $113 million vs. $91 million for the second quarter 2010, with Intermodal accounting for nearly $17 million of the increase, while DCS and ICS combined added $5 million.
Net earnings rose 26% to $65.7 million in the current quarter from $52.1 million in 2010.
