J.B. Hunt missed second-quarter expectations Tuesday as soft freight demand and costs associated with carrying the capacity needed to meet future demand weighed on the period.
J.B. Hunt missed second-quarter expectations as volumes remained weak across all modes, expenses remained elevated and intermodal yields declined.
J.B. Hunt Transport Services’ first-quarter earnings miss sent shares 6% lower in after-hours trading on Tuesday.
J.B. Hunt Transport Services reported a miss on first-quarter expectations Tuesday after the market closed.
First-quarter earnings estimates for truckload carriers have been reeled in again as the industry awaits a meaningful turn in the cycle.
Knight-Swift President and CEO David Jackson stepped down Tuesday after a nearly 24-year tenure at the company that saw many mergers and acquisitions, including an expansion into the LTL market.
J.B. Hunt said Thursday it will buy Walmart’s intermodal assets and that the two companies entered a multiyear agreement that will bring more shipments to J.B. Hunt’s network.
Spot market metrics saw a brief reprieve in January as winter storms sidelined capacity, but carriers say the market will likely stay depressed for at least a couple more months.
The mismatch between electric truck availability and charging infrastructure prompted Daimler, Volvo and Navistar to make a PACT.
J.B. Hunt announced it has added former railroad executive Patrick Ottensmeyer to its board.
Trucking industry leaders said at an investor conference that the weak truckload fundamentals seen in the third quarter have continued through the fourth.
J.B. Hunt and BNSF Railway announce the launch of a new customized intermodal offering at FreightWaves’ F3: Future of Freight Festival 2023.
Wabash’s reorganization is continuing to pay off as service revenue rises as trailer sales fall amid improved profits.
J.B. Hunt Transport Services said Thursday after the market closed it has entered an agreement to acquire the brokerage arm of BNSF Logistics.
J.B. Hunt provided a slightly more positive outlook at an investor conference on Wednesday.
Years before it ever built a fuel cell truck, Nikola claimed it had 14,000 reservations. But 202 orders is a good sign nonetheless.
Truckload and multimodal carrier J.B. Hunt told analysts on an earnings call Tuesday that it’s still too early to tell how the 2023 peak season for freight will turn out.
J.B. Hunt Transport Services missed second-quarter expectations Tuesday and said it is still uncertain how peak season will play out.
Intermodal executives from J.B. Hunt and Schneider are hopeful for improving demand in the second half of 2023 but acknowledge it’s still too early to tell.
Ratings agency Moody’s held J.B. Hunt’s debt rating steady, as the trucking company’s rating hasn’t changed since 2014.
