JB Hunt Stock Sinks as Logistics Firm’s Executives Say Tariffs Could Hit Demand

The shares of JB Hunt Transport Services (JBHT) collapsed on Wednesday morning as the comments by the authorities on the possible impact of the tariff defeated an estimate-beat in the first quarter.

The trucking company reported revenue of revenue in the first quarter of $ 2.92 billion and income of $ 1.17 (EPS) in the first quarter, both below the year-on-year, but were compiled by the scene alpha above the unanimous estimates of analysts.

Many JB Hunt officials talked about Tuesday’s earnings of how tariffs are affecting demand from their customers, as well as its own cost. CEO Shelley Simpson stated that the company’s leadership has detected various options “to eliminate cost more aggressively in some of our landscape planning analysis. ,

JB Hunt’s shares drowned 6.5% in premarket trading on Wednesday. He entered the day of losing more than 20% of his value since the beginning of the year.

Tariff ‘can affect both supply and demand’

The Executive Vice President of the Sales and Marketing Spencer Fraudiers said that the tariff “has the ability to influence both supply and demand, but it is difficult to predict magnitude and time,” according to alphabetics.

“Our customers are planning for many if landscapes, but most of them are waiting for dust to determine how the tariffs can affect the tariffs and change their short and long -term business strategies.” “As part of this landscape plan process, some customers are considering ways to change the supply chain goods flow and/or their original sourcing. But these changes will be part of the decision process.”

Some customers are adjusting their supply chain in many ways such as bringing before the schedule in some shipments, from where they get the product, or possibly delay or canceled in some orders, the Freasier said.