The Lowell, Ark.-based intermodal and trucking provider’s net earnings for 2016 inched up 1.1 percent from 2015 to $432.1 million.
J.B. Hunt Transport Services, Inc. reported net earnings of $117.6 million for the fourth quarter of 2016, a 0.7 percent increase from the corresponding 2015 period, according to the company’s most recent financial statements.
J.B. Hunt’s fourth quarter 2016 net earnings included a one-time after tax benefit of $9.5 million for a change in the company’s paid time off policy.
Operating revenues for the quarter rose 6.2 percent year-over-year to $1.7 billion.
For the full year of 2016, net earnings reached $432.1 million, while operating revenues totaled $6.6 billion, year-over-year increases of 1.1 percent and 5.9 percent, respectively.
J.B. Hunt is based out of Lowell, Ark. and provides transportation services throughout the continental United States, Canada and Mexico.
J.B. Hunt boosts earnings in 2016
