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J.B. Hunt beats third-quarter earnings on enhanced intermodal volumes

U.S. trucking firm J.B. Hunt Transport Solutions reported thirdquarter profit above Wall Street approximates on Tuesday, helped by enhancing volumes in its biggest section, intermodal.

Shares of the business were up 8.2% in after-the-bell trade.

The intermodal segment, likewise known as JBI, which involves delivering goods through 2 or more ways of transport, saw an increase due to greater imports and better rail services. It also assisted the company partly balanced out a decrease in rates.

The business reported a 5% year-over-year boost in intermodal volumes, propelling its JBI sector to post a profits of $1.56 billion.

The Arkansas-based business posted a quarterly income of $ 3.07 billion, compared to analysts' price quote of $3.02 billion, according to information put together by LSEG.

It reported a profit of $1.49 per share. Experts were expecting the company to report a revenue of $1.41 per share.

(source: Reuters)