J.B. Hunt falls after CFO warns on Q3 profit; US trucking stocks slide

FedEx

16/09/2026 14:53

Updates
** Shares of U.S. trucking firm J.B. Hunt JBHT.O fall 12% to $240.8
** JBHT CFO Brad Delco warns Q3 earnings to drop by 5%-10% compared with Q2 amid a spike in fuel and labor costs
** "You saw our JBT business actually lost a little bit of money. ICS broker margins got squeezed," CFO says
** Points to a timing mismatch where intermodal prices are slow to adjust, but costs are rising fast 
** Shares of other U.S. trucking companies also fall, with Knight Swift Transportation KNX.N down about 2.8%
** Old Dominion ODFL.O drops 2.3% and XPO XPO.N slides 1.5% 
** Shares of FedEx FDXF slip 3% and United Parcel Services UPS.N drop 2.2%
** Including session's move, JBHT up 23.9% YTD

 (Reporting by Miraanta Lowrance and Anand Gopal in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))