A decline in intermodal yields, weaker volumes across all of its transportation offerings and elevated expenses were among the reasons for J.B. Hunt Transport Services’ second-quarter earnings miss.
The multimodal transportation provider reported second-quarter earnings per share of $1.32 Tuesday after the market closed. The result was 49 cents lower year over year and roughly 20 cents off a range of consensus estimates.
A higher tax rate compared to the year-ago quarter was a 1-cent headwind....
https://www.freightwaves.com/news/sagging-intermodal-results-broad-volume-weakness-sink-j-b-hunts-q2