Phil Yeager, the CEO of Hub Group, highlighted ongoing financial pressures during the company's recent earnings call, pointing to a soft market mainly caused by an excess of truckload capacity that hasn’t yet exited the industry.

J.B. Hunt Transport Services didn't quite hit the mark this quarter, with earnings per share landing at $1.22, below the expected $1.50.

Expectations are that the earnings will show an increasing product demand, but consistent ongoing supply chain issues and skyrocketing rates of cash output.

Its total revenue increased by 33% to $3.49 billion from $2.62 billion the previous year.