Fuel cost spike hits carrier margins

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J.B. Hunt recently warned of a 5% to 10% earnings headwind in the third quarter due to rising fuel and driver costs. This situation highlights a shrinking retail-wholesale diesel fuel spread, impacting larger carriers who often purchase fuel at discounted wholesale rates. The development underscores the challenges of navigating long-term contracts that don't immediately reflect current inflationary pressures, and it’s a factor to watch as carriers attempt to renegotiate rates.

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