JB Hunt Stock Drops as Logistics Company's Earnings Miss Estimates Amid Soft Demand

Key TakeawaysShares in J.B. Hunt fell sharply ahead of Wednesday's opening bell after the transportation and logistics company's quarterly results came in short of analysts' expectations.The company reported flat volumes in its key Intermodal business due to weaker demand amid increased trucking competition across its Eastern network.A successful hold above the lower trendline of an ascending channel around $174 could see a reversal back to the upside in J.B. Hunt shares. J.B. Hunt Transport Services (JBHT) ...