Reps for J.B. Hunt Transport Services said their fourth-quarter profit fell to $41.7 million. That is equivalent to 32 cents per share. That number is also down from $55.3 million a year earlier. (41 cents per share)
The Arkansas based carrier lost near $3 million dollars in comparison to revenue from a year earlier.
Their Intermodal activity rose 15% by volume and 1% by income, but the gain was demolished by lower fuel surcharges and sharply lower freight rates across the company’s businesses, reported the Associated Press.
Their Truckload operation's income loss was $1.3 million, compared with a $4.4 million loss a year prior, while income fell 9% to $118 million.
All of the operations under the JB Hunt name has had a loss of revenue in comparison with the year prior.
J.B. Hunt has a ranking of No.8 on the Transport Topics listing of 100 U.S. and Canadian for-hire carriers.