J.B. Hunt shares drop after CFO cites rising costs
Shares fell 13% Wednesday after CFO Brad Delco said third-quarter earnings will decline about 5% to 10% sequentially due to elevated driver-related costs, rapid fuel-price increases, and higher claims.
B. Hunt Transport Services fell 13% Wednesday after Chief Financial Officer Brad Delco said the trucking company expects third-quarter earnings to decline about 5% to 10% sequentially, citing elevated driver-related costs, the rapid rise in fuel prices and higher claims.