Earnings release
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J.B. HUNT J.B. Hunt Transport Services , Inc. 615 J.B. Hunt Corporate Drive Lowell , Arkansas 72745 ( NASDAQ : JBHT ) Contact : Brad Delco Vice President - Finance & Investor Relations ( 479 ) 820-2723 FOR IMMEDIATE RELEASE J.B. HUNT TRANSPORT SERVICES , INC . REPORTS REVENUES AND EARNINGS FOR THE FIRST QUARTER 2021 " First Quarter 2021 Revenue : First Quarter 2021 Operating Income : First Quarter 2021 EPS : $ 2.62 billion ; up 15 % $ 207.7 million ; up 34 % $ 1.37 vs. $ 0.98 LOWELL , Ark . , April 15 , 2021 - J.B. Hunt Transport Services , Inc. , ( NASDAQ : JBHT ) announced first quarter 2021 net earnings of $ 146.6 million , or diluted earnings per share of $ 1.37 vs. first quarter 2020 net earnings of $ 104.8 million , or $ 0.98 per diluted share . Total operating revenue for the current quarter was $ 2.62 billion compared with $ 2.28 billion for the first quarter 2020. All segments contributed to the year - over - year increase in revenue . Integrated Capacity Solutions ( ICS ) and Truck ( JBT ) grew revenue 56 % and 43 % , respectively , as both segments were able to secure capacity in the Marketplace for J.B. Hunt 360 ° Ⓡ for customers , particularly following the weather- related disruptions in the quarter . Final Mile Services® ( FMS ) revenue grew 31 % primarily from new contractual business onboarded over the past year . Dedicated Contract Services® ( DCS® ) revenue grew 7 % driven primarily by a 6 % improvement in fleet productivity and a modestly larger fleet . Intermodal ( JBI ) revenue grew 2 % , as a 5 % increase in gross revenue per load was partially offset by a 3 % reduction in volumes . All segments experienced weather - related volume disruptions in the quarter , but the impact was the most significant in JBI . Current quarter total operating revenue , excluding fuel surcharges , increased approximately 17 % vs. first quarter 2020 . Total freight transactions in the Marketplace for J.B. Hunt 360 increased to $ 443 million in the first quarter 2021 compared to $ 294 million in the prior year quarter . ICS revenue on the platform increased 53 % to $ 359 million versus a year ago . JBI and JBT executed approximately $ 32 million and $ 51 million , respectively , of their third - party dray , independent contractor and power - only capacity costs through the platform during the quarter . Operating income for the current quarter increased 34 % to $ 207.7 million versus $ 154.7 million for the first quarter 2020. Prior year results included a $ 12.3 million charge for a one - time COVID - related bonus to frontline employees who kept the country's freight moving during the pandemic , an $ 8.2 million pre - tax accrual related to the revenue divisions owed to BNSF Railway Company , and $ 3.4 million of additional stock compensation expense related to the acceleration of equity award vesting for executive retirements . Current period operating income was negatively impacted by approximately $ 8 million from COVID - related expenses . The benefit from increased revenue was partially offset by higher purchased transportation expense , driver wages and recruiting costs , higher salary and wages for non - driver personnel , higher insurance premiums , continued investment in legacy IT systems upgrades , and new systems development costs .