J.B. Hunt falls after CFO warns on Q3 profit; US trucking stocks slide

By Reuters News

** Shares of U.S. trucking firm J.B. Hunt JBHT.O fall 12% to $240.8

** JBHT CFO Brad Delco warns Q3 earnings to drop by 5%-10% compared with Q2 amid a spike in fuel and labor costs

** "You saw our JBT business actually lost a little bit of money. ICS broker margins got squeezed," CFO says

** Points to a timing mismatch where intermodal prices are slow to adjust, but costs are rising fast

** Shares of other U.S. trucking companies also fall, with Knight Swift Transportation KNX.N down about 2.8%

** Old Dominion ODFL.O drops 2.3% and XPO XPO.N slides 1.5%

** Shares of FedEx slip 3% and United Parcel Services UPS.N drop 2.2%

** Including session's move, JBHT up 23.9% YTD

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