J.B. Hunt Transport Services warned that third-quarter earnings could fall 5% to 10% quarter over quarter as record diesel prices, higher driver costs and rising claims hit at once, sending its shares down 13% on September 16 in the worst single day since the company went public in 1983. National diesel prices linked to the war in Iran hit a record $6.31 a gallon, up more than 70% year over year, with California prices already above $8, and finance chief Brad Delco called the swings some of the most radical and abnormal he has seen. The company expects about $25 million more in driver-related spending in the third quarter than in the second as it recruits and trains drivers, and it also faces higher claims as medical expenses rise, so falling diesel prices would remove only part of the pressure. J.B. Hunt's fuel surcharges and intermodal network are built for this kind of shock but adjust with a lag, and the company reported 10% intermodal volume growth and a 58% increase in intermodal operating income in the second quarter, partly tied to customers seeking relief from fuel costs. Hedge fund count in the stock fell to 43 in the second quarter of 2026 from 45 in the first, even as position value rose to $2.63 billion from $2.02 billion, while fellow carrier Knight-Swift saw its holder count grow to 69 from 53.
JB Hunt Transport Services IncRecord diesel prices, higher driver costs and rising claims are expected to cut Q3 earnings 5-10% quarter over quarter.
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