TL stocks take wild ride into, out of Q4 earnings season

J.B. Hunt ( NASDAQ: JBHT ) delivered more positives than negatives in the fourth quarter. It again saw the fruits of a $100-million cost reduction program (80 basis points of operating margin). Adjusted operating income was up 11% year over year even as revenue dipped 2%.The news caused a mid-teen percentage selloff in 3PL stocks. It also dragged down shares of asset-based carriers by mid-single digits. Both groups were up low-single-digits in midday trading on Friday.Industry participants and analysts larg ...