Container restrictions from the railroads due to high levels of congestion at the ports are causing disruption to service for intermodal providers like J.B. Hunt Transport Services (NASDAQ: JBHT).
The company earlier this week issued a service advisory extending through Saturday as its partners BNSF Railway (Berkshire Hathaway, NYSE: BRK.B) and Norfolk Southern (NYSE: NSC) unwind the glut of boxes and trailers backed up in the key intermodal markets of Los Angeles and Chicago.
“Severe ramp...
https://www.freightwaves.com/news/port-congestion-delays-disrupting-jb-hunts-intermodal-network