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DeepNewz, mobile.
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Logistics companies J.B. Hunt and Prologis are facing challenges as J.B. Hunt reports a significant decrease in EPS due to rising costs and falling revenue, leading to layoffs and a stock drop. Prologis is also experiencing difficulties with decreasing occupancy, earnings, and FFO, as leasing activity remains competitive. Both companies are adjusting their guidance downward in response to market conditions.
Haven’t gotten to the $PLD call yet but I’m interested in what’s going on there: https://t.co/imKOepAGmd
Logistics warehouse operator Prologis slightly lowered its 2024 guidance on Wednesday as it expects leasing activity to “stay competitive” in some markets. It’s calling for occupancy and net operating income to step lower. https://t.co/gV3iz1O4c9
$JBHT CEO: "The current environment we're in has remained persistently challenging and for longer than we had predicted."
