J.B. Hunt Among TIME World’s Best Companies 2024 Ranking

Rhea-AI Summary

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has been named to TIME's list of World's Best Companies 2024. This recognition is based on a comprehensive analysis of top-performing companies globally, considering three primary dimensions: employee satisfaction, revenue growth, and sustainability (ESG).

The evaluation included surveys from approximately 170,000 participants across 50+ countries, assessing factors such as company image, work atmosphere, conditions, salary, and equality. Companies with a revenue of at least $100 million in 2023 and positive growth from 2021 to 2023 were considered. ESG performance was also evaluated using standardized KPIs and targeted research.

Positive

• Recognition as one of TIME's World's Best Companies 2024
• Positive employee satisfaction ratings
• Revenue of at least $100 million in 2023
• Positive revenue growth from 2021 to 2023
• Strong performance in sustainability (ESG) metrics

Negative

• None.

Insights

Market Research Analyst

J.B. Hunt's inclusion in TIME's World's Best Companies 2024 list is a positive signal for investors, albeit with immediate financial impact. This recognition, based on employee satisfaction, revenue growth and sustainability metrics, underscores the company's strong operational foundation and potential for long-term value creation. The emphasis on a "people-first culture" suggests robust employee retention and productivity, which are important in the competitive logistics sector.

Notably, J.B. Hunt's consistent revenue growth from 2021 to 2023, surpassing the $100 million threshold, indicates financial stability and market resilience. This performance, coupled with positive ESG evaluations, positions the company favorably for investors focused on sustainable and socially responsible investments. While this accolade may not directly influence short-term stock performance, it enhances J.B. Hunt's brand reputation and could attract both talent and clients, potentially driving long-term shareholder value.

Financial Analyst

The recognition by TIME, while prestigious, doesn't provide concrete financial metrics to gauge J.B. Hunt's immediate market position. However, it does offer valuable insights into the company's operational health. The mention of "positive revenue growth from 2021 to 2023" is particularly noteworthy, suggesting resilience during challenging economic periods. This consistent growth trajectory bodes well for potential future earnings.

Investors should note that strong employee satisfaction often correlates with lower turnover rates and higher productivity, which can translate to improved operational efficiency and cost savings. Furthermore, J.B. Hunt's focus on sustainability (ESG) aligns with growing investor preferences, potentially broadening its appeal to ESG-focused funds. While this accolade isn't a direct financial catalyst, it reinforces J.B. Hunt's strong market position and could contribute to sustained investor confidence in the long run.

LOWELL, Ark.--(BUSINESS WIRE)-- J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, has been named to TIME’s list of World’s Best Companies 2024, a comprehensive analysis conducted to identify the top-performing companies across the globe.

“We are honored to be recognized among TIME World’s Best Companies. It reaffirms our efforts to foster a people-first culture and prioritize long-term business growth,” said Brad Hicks, president of highway services and executive vice president of people at J.B. Hunt. “All of this is made possible by the commitment of our people and their efforts each and every day to deliver value for our customers through operational excellence."

The recognition is presented by TIME and Statista, the world-leading statistics portal and industry ranking provider. Companies on the list were identified based on three primary dimensions:

• Employee Satisfaction: The surveys were conducted in over 50 countries, with data collected from approximately 170,000 participants. The evaluation encompassed direct and indirect recommendations of companies as well as evaluations of employers across the dimensions of image, atmosphere, working conditions, salary, and equality by verified employees.
• Revenue Growth: Companies generating a revenue of at least US $100 million in 2023 and demonstrating positive revenue growth from 2021 to 2023 were considered.
• Sustainability (ESG): Evaluated based on ESG data among standardized KPIs from Statista’s ESG Database and targeted data research.

The list can be viewed on TIME.com. According to Statista, it publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, a leading data and business intelligence portal that provides statistics, business-relevant data and various market and consumer studies and surveys.

About J.B. Hunt

J.B. Hunt’s vision is to create the most efficient transportation network in North America. The company’s industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country and third-party capacity through its J.B. Hunt 360°® digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders.

J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company’s services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit www.jbhunt.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240912597063/en/

Brittnee Davie

Vice President - Marketing

479.419.3178

press@jbhunt.com

Source: J.B. Hunt Transport Services Inc.

FAQ

What recognition did J.B. Hunt (JBHT) receive in 2024?

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) was named to TIME's list of World's Best Companies 2024, recognizing top-performing companies globally.

What criteria were used to evaluate companies for TIME's World's Best Companies 2024 list?

Companies were evaluated based on three primary dimensions: employee satisfaction, revenue growth (minimum $100 million revenue in 2023 with positive growth from 2021-2023), and sustainability (ESG) performance.

How many participants were involved in the employee satisfaction surveys for TIME's World's Best Companies 2024 ranking?

Approximately 170,000 participants from over 50 countries were involved in the employee satisfaction surveys for TIME's World's Best Companies 2024 ranking.

What aspects of employee satisfaction were evaluated for J.B. Hunt (JBHT) in the TIME's World's Best Companies 2024 ranking?

The evaluation included factors such as company image, work atmosphere, working conditions, salary, and equality, based on direct and indirect recommendations from verified employees.