It’s earnings season, which means it’s time to see how the competition stacked up.
Starting off earnings season was none other than J.B. Hunt’s brokerage unit reporting a $17.5 million operating loss as loads declined 22% year over year, with revenue per load down just 5%. The main reason for the loss was higher insurance expenses and integration costs from the acquisition of BNSF Logistics. The company overall reported earnings per share of $1.22 instead of the $1.50 target,...
https://www.freightwaves.com/news/check-call-q1-earnings-did-most-carriers-no-favors