A penny stock wiped $4.8B off C.H. Robinson's market cap yesterday. Plus: self-driving trucks are now running 1,000 miles nonstop, STG Logistics cleared a major bankruptcy hurdle, the FMCSA revoked nine ELDs, and more.
For a long time, secure parking lived in the “nice-to-have” bucket. That framing no longer works. In today’s environment, secure parking functions as a preventative security layer.
Here’s what’s trending across freight and logistics on X, LinkedIn, Reddit, and YouTube.
Transportation giant J.B Hunt missed earnings again on both its top and bottom line numbers.
J.B. Hunt posted earnings of $1.32 per share compared to an estimated $1.51 per share. For four straight quarters, they have not been able to beat any estimates.
J.B. Hunt posted revenues of $2.93 billion compared to $3.13 billion a year ago. The stock has lost 15.1% value since the beginning of the year.
One thing is clear. The soft freight market is hurting everyone from giants like J.B. Hunt down to owner ops.
I am not a financial advisor and this is not investment advice. But if you think the freight market is poised to turn around in the next year, this could be a good buying opportunity for the stock.
Join over 14K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
