Truckload carrier J.B. Hunt Transport Services Inc. today announced record first quarter earnings of $49 million today, driven mainly by a strong freight environment. This reflects a modest 3.1% premium over the $47.5 million profit posted the same quarter last year.
Total operating revenue excluding fuel surcharges for the quarter was $690 million—almost 6% more than the 1Q 2005. Revenue excluding fuel surcharges for its intermodal segment increased 8%, its dedicated segment grew 5% and its truck segment expanded 4%.
“Fundamentally, we see little change in the major variables of our business: namely, a stable economy, continued growth in the demand for intermodal and dedicated value-added services, a serious driver shortage and a limited number of over-the-road trucks,” stated Kirk Thompson, president & CEO of J.B. Hunt Transport Services Inc. “Barring a downturn in the economy, something current forecasts are not suggesting, we would expect the remainder of 2006 to mirror the recent past and to continue to reflect demand outpacing supply.”
For more information, go to a www.jbhunt.com.