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Trucking firm J.B. Hunt flags quarterly earnings hit

Trucking company J.B. Hunt Transport Services Inc. is expecting to take a hit of about $28.9 million, or 26 cents per share, to its third-quarter and full-year 2018 after-tax earnings due to legal issues.

The transportation services provider said it will incur pretax charges of $39.0 million in the third quarter, including $18.3 million in relation to charges claimed by BNSF Railway Co. for specific services requested for customers from April 2014 through May 2018.

J.B. Hunt will also pay $18.1 million in pretax expenses in relation to two settled lawsuits with current and former drivers who claimed they had unpaid wages and were not provided with meals and rest periods.

The company also recorded a $2.6 million pretax charge due to a customer bankruptcy filing in the third quarter.

J.B. Hunt will release its third-quarter earnings Oct. 15