J.B. Hunt Transport Services
$JBHT · NASDAQ · 1 stories in 30 daysThe wire on $JBHT
newest first · duplicate source posts collapse into one event · direct subject stories onlyJ.B. Hunt warns Q3 earnings to fall 5% to 10% sequentially on driver costs and fuel headwinds
J.B. Hunt issued a rare Q3 earnings update after hours, saying earnings are expected to fall 5% to 10% sequentially from Q2, well below prior expectations. The company cited ~$25M in higher drayage driver costs and ~$10M in fuel headwinds, with diesel up 30% since July 1. Management called much of the pressure timing-related and strategic ahead of Intermodal bid season.
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