J.B. Hunt sees 3Q profit down 5%-10% sequentially
J.B. Hunt Transport Services now expects 3Q earnings to decline 5%-10% sequentially from 2Q, citing intermodal pricing lagging rapidly rising costs, per Morgan Stanley analysts’ research note.
B. Hunt Transport Services now expects 3Q earnings to decline 5% to 10% sequentially from 2Q. Morgan Stanley analysts said in a research note that the forecast comes as intermodal pricing has struggled to keep pace with rapidly rising costs. The logistics company said it expects roughly $25 million in…