JB Hunt misses on earnings, stock slides 4%
The growth of e-commerce has been a boon to the trucking industry, opening opportunities for"last-mile" delivery."This is a strategic investment that will further advance our final mile delivery capabilities of 'big and bulky' products to consumers and expand our expertise in furniture delivery," commented John Roberts, CEO of JB Hunt.
Recently, there has been some debate as to whether the US has been suffering from a"truck-driver shortage." The industry research group The American Transportation Research Institute has been sounding the alarm on areport from the Bureau of Labor Statistics"Perhaps most surprising, a basic model of moving between occupations shows that truck drivers have lower occupational migration than other workers with similar education levels," the report said.
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