J.B. Hunt Transport Services said it will continue to play the long game with its approach to deploying capital across its businesses even as overall freight demand remains underwater. The company has invested heavily in intermodal capacity, which is presenting an overhang on financial results.
The company reported earnings per share of $1.32 for the second quarter on Tuesday, which was 49 cents lower year over year and roughly 20 cents below a range of consensus estimates. A higher tax rate was...
https://www.freightwaves.com/news/j-b-hunt-stays-the-course-despite-burdensome-capacity-costs