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2 items- NEWSTractor Supply Company Shifts Focus, Retires DEI Goals Amid Backlash, Emphasizes Rural America PrioritiesTractor Supply Company (NASDAQ:TSCO) eliminated DEI roles and retired its current DEI (Diversity, Equity, and Inclusion) goals while ensuring a respectful environment. The company also withdrew its carbon emission goals to focus on land and water conservation efforts, the company said in a statement. “We have heard from customers that we have disappointed them. We have taken this feedback to heart,” the company said in the statement. Tractor Supply is also planning to further focus on rural American priorities, including ag education, animal welfare, veteran causes, and being a good neighbor, and stop sponsoring nonbusiness activities like pride festivals and voting campaigns. Th
- NEWSWhy J.B. Hunt Transport Shares Are Diving TodayJ.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares are trading lower after the company reported first-quarter 2024 results. Operating revenue fell 9% Y/Y to $2.94 billion, missing the consensus of $3.12 billion. The decline in revenue was due to a 9% decrease in segment gross revenue per load in both Intermodal (JBI) and Truckload (JBT), 22% fewer loads in Integrated Capacity Solutions (ICS), and a modest decline in average trucks and productivity in Dedicated Contract Services (DCS). Total operating revenue, excluding fuel surcharge revenue, decreased by around 7% Y/Y in the quarter. Operating income declined 30% Y/Y to $194.4 million due to lower volumes and yield pressure