MiamiGent
13 years ago
JBHT J.B. Hunt Q1 profit up
PROVIDED BY Reuters - 4:33 PM 04/12/2012
http://stockcharts.com/h-sc/ui?s=JBHT
U.S. trucker J.B. Hunt Transport Services (JBHT) o n T hursday posted higher quarterly profit, beating expectations, as a rate increase helped drive a 20 percent revenue jump in the intermodal segment, which ships goods in containers that can be moved from one form of transportation to another.
J.B. Hunt's intermodal business, which represents nearly 60 percent of revenue, boosted business through tighter truck capacity, higher volume and fuel surcharges and a 3 percent rate increase, the company said.
Lowell, Arkansas-based J.B. Hunt said net income rose to $67.7 million, or 57 cents a share, from $50 million, or 40 cents per share a year earlier.
A profit of 52 cents per share was expected, according to Thomson Reuters I/B/E/S.
Revenue increased 17 percent to $$1.17 billion, compared with analyst forecasts of $1.15 billion.
Revenue rose in all four of the company's segments and operating income increased by double-digits in three segments -- dedicated contract services; intermodal; and integrated capacity solutions.
But in the truck segment, revenue rose 8 percent while operating income declined 16 percent.
"Lower maintenance costs and improvements in miles per gallon were offset by higher fuel costs, rising driver and independent contractor costs, higher safety expenses and fewer gains on equipment sales compared to the first quarter of 2011," the company said in a statement.
J.B. Hunt said it had $702 million in debt outstanding at the end of March, up from $698 million a year earlier but down from $749 million at the end of 2011. Its net interest expense fell by $1.4 million in the quarter as interest rates declined.
The company said its net capital expenses for the first quarter were about $84 million compared with $112 million a year earlier.
It did not buy back any shares during the quarter.
J.B. Hunt shares closed up 2.5 percent at $55.84 on Nasdaq on Thursday, up almost 24 percent so far this year. The Dow Jones Transportation average is up about 5 percent in that time. (Reporting By Lynn Adler; Editing by David Gregorio)
Penny Roger$
13 years ago
Insiders Trading JBHT, APKT, HAS, TXI
| Friday, July 22, 2011 6:51 PM |
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Penny Roger$
13 years ago
J.B. Hunt Transport Services, Inc. to Participate in Jefferies & Company, Inc. 2011 Global Industrial and A&D Conference
| Friday, July 22, 2011 12:26 PM |
[Business Wire] - J.B. Hunt Transport Services, Inc. today announced that John Roberts, President and Chief Executive Officer for J.B. Hunt, will present to the investment community at the Jefferies & Company, Inc. 2011 Global Industrial and A&D Conference on Wednesday, August 10, 2011 at 8:30 a.m. at the Grand Hyatt in New York City.
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Penny Roger$
13 years ago
J.B. Hunt Transport Services, Inc. Reports Planned Transitions in Executive Management
| 3:03 PM |
J.B. Hunt Transport Services, Inc. Reports Planned Transitions in Executive Management
MarketWatch - 7 hours ago "Today we announce several planned changes to our executive management team. Paul Bergant, President of Intermodal and Chief Marketing Officer, and Bob Ralston, Executive Vice President ...HUNT(JB)TRANS: JB Hunt Transport Services, Inc. Reports Planned Transiti.. - 4-traders
JB Hunt Announces Transitions in Executive Management - Truckinginfo
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Penny Roger$
13 years ago
J.B. Hunt Transport Services, Inc. Announces Payment of Dividend
| 11:22 AM |
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MarketWatch - 11 hours ago LOWELL, Ark., Jul 21, 2011 (BUSINESS WIRE) -- JB Hunt Transport Services, Inc. /quotes/zigman/73439/quotes/nls/jbht JBHT +0.61% announced today that its Board of Directors has declared the regular ...J.B. Hunt Transport Services Inc. (JBHT) Chairman of the Board James K Thompson sells 27,321 Shares - GuruFocus.com
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Penny Roger$
13 years ago
BEST RELATIVE PERFORMANCE IN THE TRUCKING INDUSTRY DETECTED IN SHARES OF HERTZ GLOBAL (HTZ, LSTR, R, KNX, JBHT)
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Penny Roger$
13 years ago
JB Hunt (JBHT) (BKS) (CBST) (CTSH) (FXCM) Ratings Reiterated
| 7:20 AM |
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Penny Roger$
13 years ago
SHARES OF HEARTLAND EXPRESS RANK THE HIGHEST IN TERMS OF OPERATING MARGIN IN THE TRUCKING INDUSTRY (HTLD, PATR, CAR, JBHT, ODFL)
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Penny Roger$
13 years ago
BEST RELATIVE PERFORMANCE IN THE TRUCKING INDUSTRY DETECTED IN SHARES OF JB HUNT TRANSPORT SERVICES (JBHT, HTLD, R, ABFS, LSTR)
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Penny Roger$
13 years ago
J.B. Hunt Transport Services, Inc. Reports Record Revenues and Record Earnings for the Second Quarter 2011
| Thursday, July 14, 2011 3:00 PM |
[Business Wire] - J.B. Hunt Transport Services, Inc., announced record second quarter 2011 net earnings of $65.7 million, or diluted earnings per share of 53 cents vs. second quarter 2010 net earnings of $52.1 million, or 40 cents per diluted share.
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Penny Roger$
13 years ago
FINN v. J.B. HUNT TRANSPORT SERVICES, INC.
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Penny Roger$
13 years ago
J.B. Hunt Transport Services, Inc. Announces the Release of WhatisCSA.com
| Friday, July 8, 2011 2:02 PM |
[Business Wire] - J.B. Hunt Transport Services, Inc. announced today the Company has launched a new web site, www.WhatisCSA.com. Created as a public service to help improve highway safety, the site promotes the sharing of information about the Federal Motor Carrier Safety Administration safety initiative called CSA .
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