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JBHT J B Hunt Transport Services News Story

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J.B. Hunt rises as cost cuts, strong volumes boost Q1 profit

** Shares of U.S. trucking firm J.B. Hunt Transportation Services JBHT.O rise nearly 5% to $235.7 in early trading

** Co on Wednesday reported higher Q1 profit, as cost-cutting and stronger volumes in key segments largely offset higher fuel costs

** Fuel surcharge revenue grew 12.8% in first quarter, accelerating from 3.3% growth in prior quarter

     ** Co reported Q1 net profit of $141.6 million, or $1.49 per share, up from $117.7 million, or $1.17 per share, a year earlier

** 13 of 25 brokerages rate stock "buy" or higher, 11 "hold" and 1 "sell"; their median PT is $226 - data compiled by LSEG

** As of last day's close, stock up 15.3% YTD

 (Reporting by Kanishka Ajmera in Bengaluru)

 ((mail to: Kanishka.Ajmera@thomsonreuters.com))

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