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U.S. parcel revenue has seen the first decline in seven years despite increased parcel volume, according to an annual report from Pitney Bowes. The U.S. Parcel Shipping Index, released Wednesday by the global shipping and mailing company, highlighted 2023’s shifts in the carrier-competitive landscape and consumer behaviors. U.S. parcel revenue fell 0.03% from $198.4 billion…
J.B. Hunt Transport Services said it would stay the course, increasing intermodal capacity ahead of demand to avoid the service failures the industry experienced during the pandemic. That means carrying a higher cost burden and potentially posting earnings misses like it did in the 2024 first quarter. The multimodal provider reported first-quarter earnings per share…
J.B. Hunt Transport Services missed first-quarter expectations Tuesday, reporting earnings per share of $1.22 compared to the consensus estimate of $1.53. A higher tax rate was a 7-cent headwind in the quarter. Intermodal revenue fell 9% year over year (y/y) as revenue per load was off by a similar amount (down 5% from the fourth…
Kyle Kottke, general manager for Kottke Trucking, joined Jeremy Reymer on a recent episode of Taking the Hire Road. The pair discussed the origins and values of the third-generation company as it approaches 90 years in business. Kottke’s grandfather, Elmer, started hauling milk, fertilizer and feed with one truck in 1938. Today, the company boasts…