Why J.B. Hunt Transport Stock Is Sputtering Today
Soft demand and higher expenses combined to cause a quarterly miss.Higher costs and weaker demand led to an earnings miss at J.B. Hunt Transport Services (JBHT -7.91%), and the company doesn't see things improving quickly. Investors are moving to the exit lane, sending J.B. Hunt shares down 9% as of 11:30 ET.A weak market for transportJ.B. Hunt is a trucking and logistics company focused on hauling intermodal containers (the rectangular boxes designed to transition seamlessly from ship to rail to truck). Th ...