In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Plus: Trump eyes Panama Canal takeback, US imports surge 12.3% YoY, Hyzon plans liquidation, and more.
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
On the bright side, they’ve snagged Walmart's intermodal assets and sold about 690 new trucks.
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.
Source: Yahoo Finance
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