Shares of J.B. Hunt Transport Services (JBHT) tumbled 13% Wednesday, one of the worst single-day drops the trucking giant has seen in years.
The selloff followed JBHT's warning that earnings could fall 5% to 10% this quarter. The warning now leaves JBHT stock 21% below its all-time high, a steep fall for a company that had spent much of the year riding a freight market recovery.