J.B. Hunt Posts Lower Revenue, Earnings

Discussion in 'JB Hunt' started by rookietrucker, Oct 20, 2009.

Oct 20, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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J.B. Hunt Posts Lower Revenue, Earnings

Third quarter net earnings for truckload carrier J.B. Hunt Transport Services fell to $40 million, or 31 cents a share, compared with $60.3 million, or 47 cents a share in the third quarter of 2008.

In addition, the company's operating revenue slipped 16 percent to $834 million, while revenue for year-ago period was $996 million. The company attributes the drop to lower fuel surcharge revenues as a result of lower fuel costs, and declines in intermodal and truckload pricing.

Operating income in the third quarter was down 33 percent to $71 million, compared to $106 million in 2008. The company's intermodal, integrated capacity solutions and truck segments were all affected by lower freight rates.

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rookietrucker, Oct 20, 2009

rookietrucker, Oct 20, 2009

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