J.B. Hunt to offer stock for sale

May 13, 2002
Truckload giant J.B. Hunt Transport Services is offering over 5-million shares of common stock for sale after posting rosy returns in the first quarter. The Lowell, AR-based carrier said it is issuing and selling 2-million shares itself, with 3.1-million shares to be offered by a variety of investment firms. J.B. Hunt said it plans to use the proceeds of this stock offering to reduce debt and fund
Truckload giant J.B. Hunt Transport Services is offering over 5-million shares of common stock for sale after posting rosy returns in the first quarter.

The Lowell, AR-based carrier said it is issuing and selling 2-million shares itself, with 3.1-million shares to be offered by a variety of investment firms. J.B. Hunt said it plans to use the proceeds of this stock offering to reduce debt and fund capital expenditures.

In the first quarter of this year, J.B. Hunt's net earnings topped $4.9 million on revenues of $510 million, compared to earnings of $1.6 million on revenue of $495 million in the first quarter of 2001.

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Sean Kilcarr | Editor in Chief

Sean reports and comments on trends affecting the many different strata of the trucking industry -- light and medium duty fleets up through over-the-road truckload, less-than-truckload, and private fleet operations Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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