JB Hunt's profit falls 24% on continued industry headwinds

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 52 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

JB Hunt Transport Services Notícia

Substantial Increase,Downward Trend

In the United States, the trucking industry has continued to follow a downward trend since 2022 owing to higher capacity, lower rates and no substantial...

- U.S. trucking firm JB Hunt Transport Services reported a 24% fall in second-quarter profit on Tuesday as a result of continued weakness in their truckload and intermodal businesses.

Operating income declined 31% in the intermodal segment on higher wage costs for both driver and non-driver, underutilized equipment ownership expenses, increased spending on maintenance, and higher cost for insurance and claims compared to revenue.The Arkansas-based company posted a quarterly revenue of $2.93 billion, while it reported a per-share profit of $1.32, down from $1.81 a year ago.

‘We’re drowning in debt… but I drive a BMW’: Young couple has $628.5K debt but no realistic plan to manage it all Are you looking for growth at a good price? These two growth stocks may be climbing but have far more room to run for today's investor. The post 2 Ridiculously Cheap Growth Stocks to Buy Hand Over Fist in 2024 appeared first on The Motley Fool Canada.TORONTO — Corus Entertainment Inc. says it expects to have slashed 25 per cent of its full-time workforce by the end of next month compared with the beginning of its 2023 fiscal year, as the company continues to "aggressively cut costs.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes