Truckload Pricing Power? Diesel Is Eating It Up
Truckload carriers like J.B. Hunt, Werner, and Heartland report revenue growth but see profits squeezed by rising diesel costs (up 72% YoY) and other expenses. Contract rates rose 18% YoY, but higher fuel, driver, and insurance costs offset gains. J.B. Hunt's Q3 revenue grew 24%, but net earnings increased only 1%. Heartland's operating ratio improved YoY but worsened sequentially, citing fuel and inflationary pressures.

