J.B. Hunt’s Q2 freight bottom-cycle blues
Truckload and multimodal carrier J.B. Hunt told analysts on an earnings call Tuesday that it’s still too early to tell how the 2023 peak season for freight will turn out. The company noted its Q2 declines across the board in revenue, operating income and an operating ratio that fell from 90.8% in Q2 of 2022 to 91.4% this year against a backdrop of lower volumes and softening freight demand.
FreightWaves’ Todd...
https://www.freightwaves.com/news/loaded-and-rolling-jb-hunts-q2-freight-bottom-cycle-blues