J.B. Hunt Transport Services reported second-quarter earnings of $1.31 per share, slightly below last year. Revenue held steady at $2.93 billion, with operating income down 4% to $197 million. The intermodal unit saw a 2% revenue increase, while dedicated revenue dipped slightly. The brokerage segment reported a $3.6 million operating loss.
The company will discuss these results in a call on Tuesday at 5 p.m. EDT. Operating ratios for the intermodal and dedicated units worsened slightly. Brokered loads declined 9% year over year, but revenue per load increased by 6%. J.B. Hunt’s brokerage segment operating loss widened compared to the first quarter but improved significantly year over year.
Read more at Yahoo Finance: First Look: J.B. Hunt Q2 earnings
