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What J.B. Hunt Just Said About the U-Turn in Trucking

Apr 17, 2019 at 04:33 PM CST
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J.B. Hunt, the largest trucking company in the US by revenues, and a barometer of the goods-based sector of the economy, reported late Monday that revenues rose 7.3% on higher freight rates and fuel surcharges, that net profit inched up only 1.2% despite those price increases, and that Intermodal revenues ticked up 2% while Intermodal shipping volume fell 7%. And that sums up about the freight industry that is facing a downturn in shipments but is clinging to price increases as sole source of revenue growth.