Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
J.B. Hunt’s Q1 2024 has been a bit rocky. They’ve posted earnings that fell short across the board: a 9% dip in revenue to $2.94 billion and earnings per share down at $1.22, missing estimates left and right. Their operating income also took a nosedive by 30%, and things don’t look too sunny with a 35% drop in diluted EPS.
On the bright side, they’re keeping busy with some smart moves. They’ve snagged Walmart's intermodal assets and sold about 690 new trucks. Despite the overall market's downturn, Hunt’s Dedicated segment shows a glimmer of resilience with a strong sales pipeline.
But the road ahead is cluttered with challenges: cost pressures are mounting, and the intermodal volumes haven’t budged, staying flat year-over-year. Analysts warn of a rough patch as we move forward, suggesting this quarter might just be the tip of the iceberg.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Triumph Financial's Q2 report brings optimism. CEO Aaron Graft reveals crucial trends in trucking and logistics. Is a market turnaround on the horizon?
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