Rising Costs Prompt Rare Earnings Warning From J.B. Hunt
Freight demand looks healthy, but J.B. Hunt warned that higher costs will pressure Q3 earnings versus Q2. Results are due mid-October.
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Trucking Stocks Slide Amid New DOT Rule on Foreign CDL Holders
Trucking and logistics stocks fell after new US rules limit commercial driver’s licenses for many foreign drivers. Investors fear fewer eligible drivers could lead to staff shortages, reduced transport capacity, and higher costs across the industry.
Intermodal Efficiency Drives J.B. Hunt's Higher Income in the Third Quarter
J.B. Hunt boosted Q3 earnings 18% ($1.76/share). Revenue was flat, but cost-cutting & efficient truck-rail operations drove higher profits.