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Freight bellwether J.B. Hunt expects strong shipping demand to extend into 2022

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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.

This artical is first shown on Market Watch Source link Author on date 2021-10-15 22:54:00
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