J.B. Hunt Transport

J.B. Hunt sees normal seasonality in Q3

J.B. Hunt Transport Services beat third-quarter expectations Tuesday, sending shares 7% higher in after-hours trading. The multimodal transportation provider saw stabilized, and in some cases improving, trends across its service offerings as it prepares for “an eventual turn in the freight market.”

J.B. Hunt (NASDAQ: JBHT) reported earnings per share of $1.49, which was 8 cents ahead of the consensus estimate but 31 cents lower year over year.

Table: J.B. Hunt’s key performance indicators –...

https://www.freightwaves.com/news/j-b-hunt-sees-normal-seasonality-in-q3

What does proposed China component ban mean for autonomous trucks?

Autonomous trucking developers knew the Commerce Department was on the cusp of slamming the door on certain Chinese components. In fact, this week’s preliminary rule came later than expected. Now they have to sort out what it means.

So far, they don’t have much to say. Of the leading driverless trucking companies – two of which could launch before the end of the year – only one, Plus, offered substantive comment. Others demurred or pointed to a less-than-substantive statement from the Autonomous...

https://www.freightwaves.com/news/what-does-proposed-china-component-ban-mean-for-autonomous-trucks

Morgan Stanley cuts earnings expectations amid surging insurance costs

Morgan Stanley cut earnings estimates for all the transportation companies it covers on Tuesday, citing rising insurance costs. It continues to believe the truckload space will be the most impacted as large jury verdicts remain a threat.

The firm said both nuclear verdicts and a prolonged period of insurance companies incurring costs above general inflation are reasons the cost line will remain bloated. During the fourth quarter, several carriers called out insurance expenses as a drag on...

https://www.freightwaves.com/news/morgan-stanley-cuts-earnings-expectations-amid-surging-insurance-costs

3rd Nikola battery-electric truck catches fire

A third Nikola battery-electric truck caught on fire in Arizona, but the company said the recalled trucks are still safe to drive with precautions including parking outside and away from structures and leaving the main battery disconnect switch in the “on” position until the truck is repaired.

The fire on Monday at Arizona Lithium in Tempe started in the battery pack where fires in June and August also originated. No injuries have been reported in any of the fires.

Nikola recalled 209 Tre battery...

https://www.freightwaves.com/news/3rd-nikola-battery-electric-truck-catches-fire

Truck Tech: Summer ACTs edition

Truck Tech logo on blue background

Playing with Lego bricks to illustrate supply chain disruptions, how the passenger vehicle market mirrors the trucking industry, and Hyliion’s Hypertruck free rides — those and other musings from the ACT Research Seminar 67 this week in Columbus, Indiana.

Explain it to me like I’m a 4-year-old

When you see some of the full-size creations from Lego bricks, you know they are not just for children. Check the recommended ages on some of the boxes if you want evidence.

Those plastic bricks helped Paul...

https://www.freightwaves.com/news/truck-tech-summer-acts-edition

The Log Book: University of Arkansas’ supply chain program renamed to honor J.B. Hunt Transport

The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: The University of Arkansas’ undergraduate integrated supply chain management program renamed in honor of J.B. Hunt; CFI wraps another truck for its “She Drives CFI” initiative; and Bendix helps build a new high school athletic facility in the new headquarters’ community.

University of Arkansas’ supply chain program renamed to honor J.B. Hunt Transport

The University of Arkansas announced...

https://www.freightwaves.com/news/the-log-book-university-of-arkansas-supply-chain-program-renamed-to-honor-jb-hunt-transport

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