JB Hunt Transport Services Q3 Profit Tops View - Quick Facts

(RTTNews) - Surface transportation company JB Hunt Transport Services Inc. (JBHT) posted third-quarter net earnings of $102.4 million or $0.87 per share, compared to $89.5 million or $0.75 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenue for the latest third quarter was $1.60 billion, up from $1.44 billion in the comparable quarter last year, while 21 Wall Street analysts had a consensus revenue estimate of $1.59 billion for the quarter.

Load growth in Intermodal or JBI, improved asset productivity and implemented rate increases in Dedicated Contract Services or DCS and an increase in both load volume and revenue per load in Integrated Capacity Solutions or ICS, helped drive 8%, 13% and 35% increases in segment revenue, respectively.

Truck (JBT) segment revenue decreased by 1%; primarily from a 6% smaller fleet. Current quarter total operating revenue, excluding fuel surcharges, increased 13% vs. the comparable quarter 2013.