JB Hunt Transport Services Q2 operating revenue up 14%

Jul 15, 2008 (Datamonitor via COMTEX) -- JBHT | Quote | Chart | News | PowerRating -- JB Hunt Transport Services, a trucking and transportation company, has reported that its total operating revenue for the second quarter of 2008 was $977 million, an increase of 14%, compared to $856 million in the second quarter of 2007.

The company has reported net earnings of $50.6 million or diluted earnings per share of $0.39 in the second quarter of 2008, compared to earnings of $63.9 million or $0.45 per diluted share in the second quarter of 2007.

The operating income for the second quarter of 2008 decreased slightly to $94 million, compared to $96.2 million for the second quarter of 2007.

Kirk Thompson, president and CEO of JB Hunt Transport Services, said: "We are delighted to report earnings per share growth in the second quarter of 2008 despite a significant freight recession and soaring fuel prices. We continue to offer our customers supply chain solutions that best suit their service and cost parameters without bias toward a particular mode or asset class."

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