J.B. Hunt Profits Fall on Weak Demand, Write Downs

Discussion in 'JB Hunt' started by rookietrucker, Jul 16, 2009.

Jul 16, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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J.B. Hunt Profits Fall on Weak Demand, Write Downs

J.B. Hunt experienced a drop in revenue and earnings in the second quarter, due to a $10.3 million equipment write down and weaker demand in the truck sector.

The carrier's net earnings were $24 million, about half of what it brought in during the second quarter of last year. Operating income was also down 50 percent to $47 million from $94 million in the same quarter of 2008.

Operating revenue slid as well, falling 21 percent to $770 million from $977 million in 2008. The company attributes the decline to lower fuel surcharge revenues, which reflect lower fuel costs.

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rookietrucker, Jul 16, 2009

rookietrucker, Jul 16, 2009

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