J.B. Hunt drops 10% after warning higher fuel and driver costs will squeeze profit

J.B. Hunt Transport Services (JBHT) fell about 10% on Tuesday September 16 after its CFO told an investor conference that third-quarter profit will drop 5% to 10% from the prior quarter. The reason is cost: diesel has climbed past $6 a gallon, and the company is spending heavily to recruit drivers. Rival trucking stocks slid alongside it.