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JB Hunt Revenue Increases 12%

|Includes:J.B. Hunt Transport Services, Inc. (JBHT)

Originally published at www.seclive.com

JB Hunt Transport Services Inc. (NASDAQ:JBHT) announced its financial results for the second quarter of fiscal year 2014, reporting a 12% increase in revenue from a year ago. Intermodal revenue, the company's largest segment, saw an increase from $854.7M a year ago to $930.7M, but the company knows these results could have been better had it not been for service disruptions and slower rail velocity. Trucking revenue fell slightly from $101.2M to $101.1M, while the company also downsized its fleet by 8%. Earnings improved from the year-ago $87.7M and $0.73 per share to $93.4M and $0.79 per share. President and CEO John Roberts commented that the company continues to face challenges in its rail velocity and truck driver recruitment, and the company expects the driver challenge to remain a steady headwind. Despite these challenges the company is very optimistic about its progress and future growth.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: JBHT