J.B. Hunt announced that CFO David Mee will retire March 1. The company will fill the interim role internally until a permanent replacement is found.
J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.
With companies like Convoy achieving a $1 billion valuation in roughly four years, or publicly-traded companies like Uber and Amazon encroaching on the brokerage space, it is getting harder for […]
With the acquisition of RDI Last Mile Co., J.B. Hunt’s Final Mile Services group will have 104 locations and 3.2 million square feet of warehouse space.
J.B. Hunt Transport Services reports earnings light of expectations, but cost headwinds from digital platform transformation appear to be the primary culprits.
The outlook from JBHT was notably better than the concern around the lack of an uptick in seasonal demand that many carriers expressed at multiple investor conferences in May and June.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
While the degradation was seen across most sectors, the transport sectors saw large declines.
Insurgent digital brokerage apps are increasing their share of downloads while load boards are largely stagnant.
J.B. Hunt wants to make freight marketplaces more efficient by making information more transparent.
Transfix is reportedly trying to raise a Series D that values the company at 10x gross revenues.
With the ongoing, high-profile negative news surrounding Tesla, there is still interest in the company’s electric semi. Albertsons Companies, which operates well-known food and drug retailers across the country, has purchased 10 Tesla Semi all-electric trucks.
In December 2017, XPO was considered an acquisition target by Amazon and Home Depot. We argue that there is a much better fit with this massive and storied trucking operation.
A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.
After strong fourth-quarter earnings results, weather and other external forces are expected to weigh on earnings reports in the first quarter, resulting in a mixed bag for public companies.
