J.B. Hunt stock slid as much as 13% on Wednesday after an earnings report that missed estimates.
Demand for its freight services was weaker than expected in the first quarter.
The firm is a bellwether for the freight industry, which has been mired in a post-pandemic recession.
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .
AdvertisementA leading freight company is seeing its stock tank after weak trucking volumes led to a first-quarter earnings miss on both profit and sales.
Persons:
Hunt, —, JB Hunt
Organizations:
Service, Business