J.B. Hunt reports Q2 operating income $164M
Current quarter total operating revenue, excluding fuel surcharges, increased 5% vs. the comparable quarter 2016. Load growth of 5% in Intermodal, a 5% increase in revenue producing trucks in Dedicated Contract Services and a 20% increase in volume in Integrated Capacity Solutions contributed to the increase in consolidated revenue compared to prior year. Operating income for the current quarter totaled $164 million versus $176 million for the second quarter 2016. The benefits of volume growth and increases in revenue producing truck counts were substantially offset by lower customer rates, increases in rail and over the road purchased transportation costs, start-up costs associated with new DCS contracts, higher driver wages and recruiting costs, increased insurance and claims costs, increased equipment and facility maintenance costs and increased technology costs.