J.B. Hunt Transport Providers (NASDAQ: JBHT) reported fourth-quarter earnings per share of $1.44, forward of the $1.30 consensus estimate and the year-ago results of $1.35.
Income elevated 12% year-over-year to $2.74 billion, up 18% excluding gas surcharges. The press launch cited greater than 50% progress in its brokerage and truck divisions as the explanations for the rise. Each segments had been famous as benefiting from capability accessible by means of digital freight platform Market for J.B. Hunt 360.
Freight transactions facilitated by means of 360 elevated to $468 million within the quarter, up greater than 60% year-over-year.
The brokerage phase returned to profitability on elevated volumes, greater income per load and a modest uptick in gross margins.
Intermodal income declined 1.4% year-over-year to $1.25 billion as masses elevated barely and income per load dipped just a little greater than 2%.
Remaining-mile income was up 30%, largely resulting from previous acquisitions, and the devoted phase grew income by 3%.
Working revenue was up 1.3% year-over-year at $208 million. Elevated income was largely offset by rail and third-party transportation price will increase, which incorporates greater driver wages.
The corporate will host a name at 5 p.m. Tuesday to debate these outcomes with analysts. Keep tuned to FreightWaves for persevering with protection of J.B. Hunt’s earnings outcomes.