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J.B. Hunt Predicts 20% Truckload Rate Hike
Description
J.B. Hunt Transport predicts a 20% increase in truckload rates over the next two years due to stricter regulations and rising driver wages. Despite steady demand, particularly in food and industrial sectors, carriers are expected to raise bid increases by mid- to high-single-digit percentages. J.B. Hunts intermodal volumes have surged by 20% in the East, while dedicated contracts and brokerage volumes have also seen growth. The companys cost-cutting efforts, driven by AI and automation, have improved earnings and positioned them favorably amidst rising rates.
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