However, he stressed that it's still too early for the Federal Reserve to start cutting rates.
"So, do we finally have the beginning of the long-awaited slowdown with Prologis and J.B. Hunt?
However, he did acknowledge that companies operating in economically sensitive industries such as J.B. Hunt and Prologis, in trucking and warehousing, respectively, did show less-than-ideal earnings results.
Before a turn in trucking, there'll be cuts in trucking rates."
Prologis and J.B. Hunt did not immediately respond to request for comment.
Persons:
CNBC's Jim Cramer, Hunt, Cramer, it's, Jerome Powell
Organizations:
Federal Reserve, Fed