J.B. Hunt says fuel spike not yet driving intermodal conversion

Typically, rising truckload rates and diesel prices prompt shippers to consider shifting freight from road to rail. That hasn’t been the case yet, J.B. Hunt Transport Services said at an investor conference on Tuesday. Despite a 30% run up in fuel prices since the start of the Iran conflict, little has changed, said Darren Field, J.B. Hunt president of intermodal, at the J.P. Morgan Industrials Conference in Washington, D.C. He said most shippers don’t view energy markets as having structurally changed, n ...