JB Hunt Drops After Revenue Miss Extends Freight Slump

JB Hunt Transport Services Inc. shares fell in late trading after the truck carrier reported quarterly revenue that missed estimates, underscoring continued weakness in freight demand.

Third-quarter sales of $3.10 billion trailed the $3.11 billion average of analyst estimates compiled by Bloomberg, weighed down by a decline in its intermodal division, its largest unit, as well as revenue drops in its integrated capacity solutions — JB Hunt’s freight brokerage arm — and final-mile services units.