J.B. Hunt Jumps as Outlook Shows ‘No Doom, No Gloom’ in Trucking
- Company sees improving freight volumes in second half of 2019
- Rivals also advance as results soothe fears of cargo slump
Photographer: Victor J. Blue/Bloomberg
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J.B. Hunt Transport Services Inc. surged the most in six months as a company forecast eased investor concerns about a prolonged recession in the trucking industry.
Intermodal cargo volume will improve in the second half of 2019, reversing a slide in truckloads during the first six months of the year, J.B. Hunt told analysts on a conference call late Monday. That soothed concerns that the trucking industry’s slump would get worse.