J.B. Hunt Transport Services Revenue and Income Up

J.B. Hunt Transport Services, Inc., (NASDAQ:JBHT) has announced fourth quarter 2014 net earnings of $110 million, or diluted earnings per share of 93 cents vs. fourth quarter 2013 net earnings of $92 million, or 77 cents per diluted share.

Highlights were as follows:

• Fourth quarter 2014 Revenue: $1.61 billion; up 9% Fourth quarter 2014
• Operating Income: $182.9 million; up 19% Fourth quarter 2014
• EPS: 93 cents vs. 77 cents; up 21%
• Full Year 2014 Revenue: $6.2 billion; up 10%
• Full Year 2014 Operating Income: $631.5 million; up 10%
• Full Year 2014 EPS: $3.16 vs. $2.87; up 10%

Among certain key segments:

Truck (JBT) Fourth quarter 2014

Segment Revenue: $ 96 million; up 6% Fourth quarter 2014 Operating Income: $ 8.1 million; compared to an Operating Loss of $1.0 million in 2013 JBT revenue for the current quarter increased 6% from the same period in 2013 on a 2% larger fleet size.

Intermodal (JBI) Fourth quarter 2014

Segment Revenue: $958 million; up 5% Fourth quarter 2014 Operating Income: $128.8 million; up 6% JBI total volumes grew 6% over the same period in 2013. Inconsistent rail service and limited dray fleet capacity continued during the quarter. Eastern network loads increased 14% and transcontinental loads increased 1% compared to the fourth quarter 2013.

Dedicated Contract Services (DCS) Fourth quarter 2014

Segment Revenue: $363 million; up 10% Fourth quarter 2014 Operating Income: $37.0 million; up 25% DCS revenue increased 10% during the current quarter over the same period 2013 primarily from rate increases implemented during the past 9 months and more activity at customer accounts.

Integrated Capacity Solutions (ICS) Fourth Quarter 2014

Segment Revenue: $197 million; up 36% Fourth Quarter 2014 Operating Income: $9.1 million; up 158% ICS revenue increased 36% in the current quarter vs. the fourth quarter 2013 mostly due to a 25% increase in load volume and a 9% increase in revenue per load.

Category: Featured, General Update