Logistics Giant Sounds Economic Alarm, More Problems at US Banks

JB Hunt, one of the largest logistics and transport companies in the US, reported a massive decline in earnings due to lower volumes and sharply higher operating costs. You can fudge the economic statistics until you're red in the face but if the trucks aren't rolling, you've got big problems. Elsewhere more US banks are reporting earnings this morning that are showing shrinking profits due to higher interest rates, and mounting losses in commercial real estate.

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