J.B. Hunt Transport Services continued its steady climb in revenue and earnings despite declining truck hauling revenues in its legacy transportation sector.
The Lowell-based trucking, transportation and logistics company recorded second quarter net profits of $80.5 million on revenue of $1.26 billion. The earnings increase topped 22%, while revenue rose by 9%.
J.B. Hunt, which notoriously offers little comment beyond its public filings, did not provide any commentary from i
ts CEO John Roberts.
The company did note:
- Load growth of 13% in its Intermodal segment
- Load growth of 16% in its Integrated Capacity Solutions (ICS) segment
- Dedicated Contract Services (DCS) segment revenue increased by 1%
- Truck (JBT) segment revenue decreased by 3%
J.B. Hunt's stock closed trading on Monday at $58.33 per share. The company's stock has traded between $34.42 and $61.18 during the last 12 months.