MARITIME & LOGISTICS NEWS - US & WORLDWIDE

J. B. Hunt Transport  Services, Inc., (NASDAQ:JBHT) announced second quarter 2012 net earnings of $80.5 million, or diluted earnings per share of 67 cents vs. second quarter 2011 net earnings of $65.7 million, or 53 cents per diluted share.

Total operating revenue for the current quarter was $1.26 billion, compared with $1.15 billion for the second quarter 2011. Load growth of 13% in Intermodal (JBI) and 16% in Integrated Capacity Solutions (ICS), helped drive a 13% and 23% increase in segment revenue, respectively. Dedicated Contract Services (DCS) segment revenue increased by 1% while Truck (JBT) segment revenue decreased by 3%. Current quarter total operating revenue, excluding fuel surcharges, also increased 9% vs. the comparable quarter 2011.

Operating income for the current quarter totaled $137 million vs. $113 million for the second quarter 2011. Operating income increases from steady demand and higher volumes in JBI and ICS and lower fuel costs in DCS and JBT were partially offset by increases in rail and truck purchase transportation costs, driver wages, toll road charges, maintenance costs and safety costs compared to the same period a year ago.

Segment Highlights

Intermodal (JBI)

• Revenue: $762 million; up 13%
• Operating Income: $93.4 million; up 22%

Dedicated Contract Services (DCS)

• Revenue: $267 million; up 1%
• Operating Income: $33.2 million; up 21%

Truck (JBT)

• Revenue: $126 million; down 3%
• Operating Income: $8.8 million; up 27%

Integrated Capacity Solutions (ICS)

• Revenue: $109 million; up 23%
• Operating Income: $2.0 million; down 25%

 

For more detailed report, please visit www.jbhunt.com

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