News

J.B. Hunt posts record earnings in 3Q

Oct. 15, 2003

Trucking and logistics operator J. B. Hunt Transport Services said it posted record net earnings in the third quarter this year – almost twice what it earned in the same period of 2002. Lowell, AR-based J.B. Hunt reported net earnings of $32.7 million on revenue of $622 million in the third quarter, compared to earnings of $16.8 million on revenues of $583 million in the same period last year. The

Trucking and logistics operator J. B. Hunt Transport Services said it posted record net earnings in the third quarter this year – almost twice what it earned in the same period of 2002.

Lowell, AR-based J.B. Hunt reported net earnings of $32.7 million on revenue of $622 million in the third quarter, compared to earnings of $16.8 million on revenues of $583 million in the same period last year.

The carrier noted that while revenue from its for-hire truckload operations was basically flat in the third quarter, intermodal revenue rose 16% compared to the same period in 2002, with dedicated contract carriage revenue increasing 4%.

"Clearly we are pleased with the improvement in profitability," president & CEO Kirk Thompson said. "The economy has been lackluster for the better part of that three-year period and continues to struggle intermittently.”