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A Big Shipper Warns Higher Fuel Prices Will Hurt Profits. Its Stock Is Tumbling

Even with Wednesday’s drop, J.B. Hunt shares have added more than 20% this year.Credit: Patrick T. Fallon / AFP via Getty ImagesKey TakeawaysShipping giant J.B. Hunt warned higher driver and fuel-related costs are going to squeeze its profits.The company said it now expects earnings this quarter could drop 5% to 10% sequentially.Oil prices have surged in recent months as the war between the U.S. and Iran drags on, disrupting supplies.A shipping giant’s stock is tumbling on worries that higher fuel prices are going to hit its bottom line.Shares of J.B. Hunt (JBHT) were down nearly 13% in…

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