RIVERSIDE, Calif. (AP) — The parents of 13 siblings who were allegedly held in captivity in their family's Southern California home were charged Thursday with committing years of torture and abuse that left their children malnourished, undersized and with cognitive impairments.
More disturbing details are emerging about David and Louise Turpin, the California couple arrested on Sunday for torture and child endangerment. The Turpins reportedly only fed their 13 children once a day and allowed them to shower twice a year. Police found the children chained to furniture and severely malnourished.
Driver and insurance costs kept earnings down in the fourth quarter for J.B. Hunt. Photo: Deborah Lockridge
">J.B. Hunt Transport Services Inc. kicked off the fourth quarter 2017 and full-year earnings season in the trucking industry reporting big gains in profits for both periods, due in large part to the recent tax law changes approved by Congress late last year – despite drags on fourth-quarter income from increased driver and insurance costs.
Fourth quarter 2017 net earnings at the Arkansas-based trucking, intermodal and logistics services provider totaled $385.3 million, or $3.48 per share, compared to net earnings of $117.6 million a year earlier, or $1.05 per share.
The results include a $309.2 million decrease in income taxes from what J.B. Hunt said was its “reasonable estimate of the change in future tax rates on deferred tax balances at Dec. 31, 2017, as a result of the Tax Cuts and Jobs Act enacted in the quarter.”
Total operating revenue for the quarter was $1.99 billion, compared with $1.72 billion for the fourth quarter 2016, a 16% increase.
Operating income for the fourth quarter of 2017 dropped 25% from a year earlier to $145.8 million from $194.4 million.
For all of 2017, J.B. Hunt reported net earnings of $686.3 million, or $6.18 per share, compared to $432.1 million in 2016, or $3.81 per share.
Total operating revenue for 2017 improved 10% from the year before to $7.2 billion, but operating income slid 13% to $624 million.
The company's intermodal segment saw revenue increase 10% in the fourth quarter from a year earlier to $1.1 billion, but operating income fell 25% to $93.3 million. The segment's total volume grew 5% over the same period in 2016.
“Benefits from increased volume and revenue per load were offset by increased costs to attract and retain drivers, higher third-party ...Read the rest of this story
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