News / Lower rates and higher costs in Q2 drive profit decline for JB Hunt

© Valeriy Grynkov

US logistics and overland operator JB Hunt reported its second-quarter results yesterday, revealing that increases in intermodal volumes, revenues and profit failed to offset decline across its menu of trucking businesses.

Group revenues for the period were $1.73bn, a 7% year-on-year increase, due to increased volumes pushed through its transport network, but group operating profit fell 7% to $164m as a result of higher costs and lower rates.

“The benefits of volume growth and increases in revenue-producing truck counts were substantially offset by lower ...