J.B. Hunt Transport Services Inc. announced that profits more than tripled in the fourth quarter, although, as will be the case across multiple industries, the results were bolstered by a significant tax credit related to the Tax Cuts and Jobs Act signed last month.
Winter Storm Inga has caused unusually frigid temperatures in the South, resulting in at least nine deaths and major traffic problems. Several states have issued a declaration of emergency, exempting certain truckers from hours-of-service rules.
Truckers know that the trucking industry drives the economy, both literally and metaphorically. The Bureau of Transportation Statistics has quantified the transportation sector’s contribution to the economy with its recently released 2017 Transportation Economic Trends.