The shares of surface transportation and delivery company J.B Hunt (JBHT) gained significant momentum last week after the company reported solid third-quarter revenue and earnings. However, given the industry-wide challenges of rising costs and labor shortages, is JBHT a good bet now? Read more to find out. J.B Hunt Transportation Services Inc. (JBHT) in Lowell, Ark., provides innovative supply chain solutions to various customers throughout North America. The company uses an integrated, multimodal strategy to provide the optimum solution for each customer, increasing the efficiency, flexibility, and value in their operations.
Last week, JBHT's shares hit a new high of $190.55 after the company announced third-quarter revenue and net income growth, surpassing analysts' estimates. The stock has gained 34.3% in price over the past year and 39.5% year-to-date.
Though the company witnessed strong top-line growth in its last reported quarter, ongoing supply chain disruptions and inefficiencies, labor shortages, and increasing costs could mar its growth in the near term.