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J.B. Hunt keeps rolling, but trucks stall
Increased shipping volumes and moderating fuel prices helped J.B. Hunt Transport Services grow second quarter sales 10.1% to nearly $1.4 billion while profits disappointed slightly.
Profits for the period ended June 30 increased to $87.7 million, or 73 cents a share, compared to $80.5 million, or 67 cents a share, during the comparable period the prior year. Earnings per share were a penny less than analysts’ forecast and operating margins contracted to 10.7% from 10.9%.
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Enabler of e-commerce adds technology VP
DropShip Commerce, a provider of distributed supply chain management solutions to mid-market retailers, appointed of Scott Lemon as VP of technology.
Lemon will oversee the firm’s software as a service-based, on-demand platform to help retailers and manufacturers use the virtual supply chain to be more responsive to consumer demand in the age of e-commerce.