Hub Group Faces Financial Pressure Amid Weak Freight Market
Phil Yeager, the CEO of Hub Group, highlighted ongoing financial pressures during the company's recent earnings call, pointing to a soft market mainly caused by an excess of truckload capacity that hasn’t yet exited the industry.
J.B. Hunt's Q1 Earnings: Missed Expectations Amid Challenges
J.B. Hunt Transport Services didn't quite hit the mark this quarter, with earnings per share landing at $1.22, below the expected $1.50.
Rivian Q1 earnings expected to show electric vehicle demand rising
Expectations are that the earnings will show an increasing product demand, but consistent ongoing supply chain issues and skyrocketing rates of cash output.
Q1 revenue spike excites J.B. Hunt investors
Its total revenue increased by 33% to $3.49 billion from $2.62 billion the previous year.