FreightWaves Founder Says Truckload Rates Hit $3.50/Mile
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy JBHT?
FreightWaves founder Craig Fuller said via X, formerly Twitter: "Truckload spot rates on the daily chart have exploded to $3.50/mile. This is $.41/mile higher than a week ago and a new cycle high, moving close to all-time highs ($3.68/mile). While this relates to Roadcheck week, the message is clear: capacity is at its tightest levels in years." Publicly traded companies in the space include ArcBest (ARCB), J.B. Hunt (JBHT), Knight-Swift (KNX), Old Dominion (ODFL), Saia (SAIA) and Werner (WERN).
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Analyst Views on JBHT
Wall Street analysts forecast JBHT stock price to fall
22 Analyst Rating
12 Buy
10 Hold
0 Sell
Moderate Buy
Current: 254.660
Low
150.00
Averages
197.77
High
240.00
Current: 254.660
Low
150.00
Averages
197.77
High
240.00
About JBHT
J.B. Hunt Transport Services, Inc. is a surface transportation, delivery, and logistics company in North America. The Company, through its wholly owned subsidiaries, provides a range of transportation, brokerage, and delivery services to a diverse group of customers and consumers throughout the continental United States, Canada, and Mexico. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). JBI segment includes freight that is transported by rail over at least some portion of the movement and also includes certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment focuses on private fleet conversion and creation of replenishment and specialized equipment. ICS segment provides non-asset and asset-light transportation solutions to customers through relationships with third-party carriers and integration with Company-owned equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- J.B. Hunt Revenue Growth: J.B. Hunt reported Q1 2026 revenue of $3.06 billion, a 5% year-over-year increase, with operating income rising 16% and earnings per share jumping 27% to $1.49, showcasing its robust performance in the transportation sector.
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- Emission Reduction Goals: J.B. Hunt is committed to reducing carbon emissions intensity by 32% by 2034, and its intermodal service reduces shipment carbon footprints by an average of 65%, further advancing sustainability efforts.
- Environmental Impact: Over the past decade, J.B. Hunt's intermodal service has helped avoid approximately 30 million metric tons of CO2e emissions, demonstrating its significant contribution to greenhouse gas reduction.
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- Strong Economic Data: US March factory orders rose by 1.5% month-over-month, exceeding expectations of 0.6%, marking the largest increase in four months, indicating economic resilience that could provide support to the stock market.
- Earnings Optimism: As of Monday, 82% of the 322 S&P 500 companies that reported Q1 earnings exceeded estimates, with projected earnings growth of 12% year-over-year for Q1, although excluding the technology sector, the growth is only 3%, highlighting performance disparities across sectors.
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Expansion of Amazon's Services: Amazon's expansion into logistics is aimed at enhancing its service offerings and improving efficiency for its own operations, potentially reshaping the logistics landscape.
Market Reactions: The move has led to significant market reactions, with some companies struggling to adapt to the new competitive environment created by Amazon's entry into logistics.
Future Implications: The long-term implications of Amazon's logistics network on the industry could lead to further consolidation and changes in how logistics services are provided.
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