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J.B. Hunt earnings miss, lowers outlook

J.B. Hunt Transport Services Inc. on Monday cut its forecast for the year and posted lower-than-expected earnings in the latest quarter as higher costs offset revenue growth.

The Arkansas-based transportation company -- a leader in so-called i ntermodal transport, or the business of moving freight in containers between other modes of transportation -- now anticipates revenue rising 7% in 2016, down from its previous forecast for 9% to 12% growth. J.B Hunt now expects operating income to increase 5%, compared with the 8% to 11% it projected earlier. In an investor presentation, the company pointed to higher rail costs and "customer rate behavior."

The trucking...