On Wednesday, Shares of JB Hunt Transport Services Inc. (NASDAQ:JBHT), declined -1.10% to $83.38.
J.B. Hunt Transport Services, declared second quarter 2015 net earnings of $103.4 million, or diluted earnings per share of 88 cents vs. second quarter 2014 net earnings of $93.4 million, or 79 cents per diluted share.
Total operating revenue for the current quarter was $1.54 billion, contrast with $1.55 billion for the second quarter 2014. Customer rate enhances across all business units, load growth of 2% in Intermodal (JBI), a 6% enhance in revenue producing trucks in Dedicated Contract Services (DCS) and load growth of 12% in Integrated Capacity Solutions (ICS) could not offset the decrease in fuel surcharge revenue, sluggish consumer freight demand and lower equipment utilization in our Truck (JBT) business segment resulting in flat merged revenue contrast to preceding year. Current quarter total operating revenue, not taking into account fuel surcharges, raised 7% vs. the comparable quarter 2014.
Operating income for the current quarter totaled $174 million vs. $159 million for the second quarter 2014. The enhance in operating income was primarily from customer rate enhances, less reliance on outsourced JBI drayage and DCS capacity coverage, load growth, freight mix changes and improved equipment fuel economy. The operating income enhance was partially offset by an approximate $14.1 million charge for corporate wide streamlining and technology redevelopment costs, the benefits of which are predictable to be realized over the next two fiscal years, lower box turns from slower train velocities, higher driver recruiting and retention costs, higher workers’ compensation costs and raised toll costs contrast to second quarter 2014.
J.B. Hunt Transport Services, Inc., together with its auxiliaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. The company operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truck (JBT).
Shares of Boston Scientific Corporation (NYSE:BSX), inclined 1.46% to $18.02, during its last trading session.
Boston Scientific Corporation, declared the election of Donna A. James to its board of directors, effective right away.
Donna A. James is the founder and managing director of Lardon & Associates LLC, a business development and executive advisory services firm. Ms. James has more than 30 years of diverse administration and leadership experience, counting serving as the former president of Nationwide Planned Investments, a division of Nationwide Mutual Insurance Company, where she had direct responsibility for developing and executing strategies for U.S. and global financial services auxiliaries and associates. Ms. James is also the founder and chair of The Center for Healthy Families, a non-profit in Columbus, Ohio, and the former president and designated chair of the National Women’s Business Council. She received her B.S. in Accounting from North Carolina A&T State University.
Ms. James presently serves as a director of Time Warner Cable Inc., L Brands, Inc., Marathon Petroleum Inc., in addition to FIS Group, a privately-held asset administration and investment advisory firm.
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. The company operates in three segments: Cardiovascular, Rhythm Administration, and MedSurg.
Finally, SunTrust Banks, Inc. (NYSE:STI), ended its last trade with -0.18% loss, and closed at $44.70.
SunTrust Banks, stated net income accessible to common shareholders of $467 million, or $0.89 per average common diluted share contrast to $0.78 per share earned in the preceding quarter. The current quarter was favorably influenced by a $0.03 per share discrete income tax benefit.
Earnings per share raised $0.17 over the second quarter of 2014, which was negatively influenced by $0.09 per share, related to the resolution of specific legacy mortgage-related matters, partially offset by the gain on sale of RidgeWorth. Not taking into account the preceding-year matters, earnings per share grew 10% year over year.
For the first half of 2015, earnings per share were $1.67. Not taking into account the aforementioned matters, which negatively influenced the preceding year, earnings per share grew 8% over the same period in 2014.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Administration, Wholesale Banking, and Mortgage Banking.
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