J.B. Hunt's quarterly profit falls on higher costs, contract services weakness
A slower-than-expected rate of capacity exiting the market has further dampened what experts call a "freight recession," which started after the pandemic, with little visibility into when the market might turn as President Donald Trump's tariffs could further impact demand, hampering volumes for carriers. J.B. Hunt's intermodal volumes increased 8% from last year, propelling its largest segment, JBI, which involves shipping goods using two or more means of transportation, to post revenue of $1.47 billion for the quarter. It attributed the fall in profit to a decline in revenues from its dedicated contract services unit along with increased equipment and maintenance costs.