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J.B. Hunt Earnings Hit By Rising Fuel Costs

From CNBC: Transportation giant J.B. Hunt’s CFO warned that fuel price swings will hit earnings hard. “Ee are expecting our Q2 to Q3 earnings to actually drop 5% to 10%,” CFO Brad Delco said at the Morgan Stanley Industrials conference. Still, he added the company has also seen “some of the most radical and abnormal swings” in fuel prices that it has ever seen and record-high diesel prices, which are causing at least a $10 million headwind … (click to read more)

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