The Wall Street Journal: Freight bellwether J.B. Hunt expects strong shipping demand to extend into 2022

Daily Trade

Freight bellwether J.B. Hunt Transport Services Inc. expects bottlenecks at West Coast ports to intensify heading into the holidays, with congestion continuing to snarl labor-strapped logistics networks and strong shipping demand extending into 2022.

“While peak season is upon us, we believe the bottlenecks on the West Coast are going to compact and even intensify further peak-season capacity needs into November and December,” Shelley Simpson, J.B. Hunt’s
JBHT,
+8.74%

chief commercial officer, said on a conference call Friday to discuss the company’s third-quarter earnings.

Articles You May Like

The Fed’s job is not to boost the stock market. Here’s what it should be doing.
Trump’s broadside against wind industry threatens projects that could power millions of homes
‘I’ve opened a hornet’s nest’: My mother-in-law lists my husband as beneficiary on her $1 million IRA. But her will says otherwise. Which wins?
The Champions League’s round of 16 is set. Here’s how much money soccer clubs like Real Madrid are getting to compete in the rest of the tournament.
Warren Buffett amasses more cash and sells more stock, but doesn’t explain why in annual letter