JB Hunt Transport Quarterly Revenues Up 33%, Net Income Soars 67%
- Scott Peters
- U.S.A. New York City
-
First Quarter Operating Income Up 61% to $334.3 million.
J.B. Hunt Transport Services, Inc said first quarter 2022 revenues rose 33% to $3.49 billion, net income increased 67% to $243.3 million, and diluted earnings per share increased to $2.29 from $1.47 a year ago. Revenues for Intermodal division rose 36% to $16 billion, Dedicated Contract Services increased 28% to $741 million, Integrated Capacity Solutions increased 29%, Truckload division soared 77%, and Final Mile Services increased 8% to $218 million.
Intermodal (JBI) revenue grew 36%, driven by a 28% increase in revenue per load and complimented with a 7% increase in load volume. Dedicated Contract Services® (DCS®) revenue grew 28% as a result of a 20% increase in average revenue producing trucks and a 6% increase in fleet productivity versus the prior year period. Final Mile Services® (FMS) revenue increased 8% as strong demand for services in the segment were offset by supply-chain related challenges in most of the primary markets served. Current quarter total operating revenue, excluding fuel surcharge revenue, increased approximately 27% versus the first quarter 2021.
Total freight transactions in the Marketplace for J.B. Hunt 360 increased 36% to $600 million in the first quarter 2022 compared to $443 million in the prior year quarter. ICS revenue on the platform increased 20% to $430 million versus a year ago. JBT and JBI executed approximately $116 million and $54 million, an increase of 125% and 68% respectively, of their third-party dray, independent contractor and power-only capacity through the platform during the quarter.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| J B Hunt Transport Services Inc | JBHT | 1% | -15% | 7% |