US intermodal picking up steam as trucking woes continue
After a long trough of sluggish performance, US intermodal traffic is growing, and the market ...
PRESS RELEASE
“LOWELL, Ark., January 17, 2019 – J.B. Hunt Transport Services, Inc., (NASDAQ:JBHT) announced fourth quarter 2018 net earnings of $88.7 million, or diluted earnings per share of $0.81 vs. fourth quarter 2017 net earnings of $385.3 million, or $3.48 per diluted share. Fourth quarter 2018 net earnings included pre- announced pretax charges of $134.0 million for contingent liabilities related to the ongoing arbitration with BNSF Railway Company. Fourth quarter 2017 net earnings included $38.9 million pre-tax charges for reserve increases on certain outstanding receivables and insurance claims as well as a $309.2 million decrease in income taxes as a result of the Tax Cuts and Jobs Act enacted during that quarter.”
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