Welcome to our dedicated page for JB Hunt Transport Services news (Ticker: JBHT), a resource for investors and traders seeking the latest updates and insights on JB Hunt Transport Services stock.
J.B. Hunt Transport Services Inc. (Ticker: JBHT) is a leading North American transportation and logistics company, ranked among the Fortune 500. The company specializes in freight shipping for both large and small businesses, offering safe and reliable transportation services throughout the United States, Canada, and Mexico. As a top-ranked third-party logistics (3PL) provider, J.B. Hunt delivers customer value and industry-leading service using an integrated, multimodal approach.
Core Business and Services:
- Intermodal Delivery: This segment contributes to 48% of the company's sales in 2023. It utilizes Class I rail carriers for the underlying line-haul movement of its owned containers.
- Dedicated Trucking Services: Representing 28% of sales, this segment caters to customer-specific fleet needs, ensuring tailored logistics solutions.
- For-Hire Truckload: Comprising 6% of sales, this segment provides general truckload transportation services.
- Heavy Goods Final-Mile Delivery: Accounting for 7% of sales, this service ensures doorstep delivery of heavy goods.
- Asset-Light Truck Brokerage: Reflecting 11% of sales, this segment leverages third-party carriers to provide comprehensive logistics solutions.
Recent Achievements and Projects: J.B. Hunt continues to innovate in the logistics space, recently expanding its intermodal network to enhance service efficiency. The company has also strengthened partnerships with major rail carriers to optimize supply chain solutions. Furthermore, J.B. Hunt is committed to sustainability, investing in electric and alternative fuel vehicles to reduce its carbon footprint.
Financial Condition: With a strong revenue base and diversified service offerings, J.B. Hunt maintains a robust financial position. The company is well-regarded for its fiscal responsibility and consistent growth, making it a reliable choice for investors.
Overall, J.B. Hunt Transport Services Inc. stands out as a key player in the logistics industry, providing comprehensive and customer-centric transportation solutions across North America.
J.B. Hunt Transport Services (NASDAQ: JBHT) announced the acquisition of Zenith Freight Lines, a subsidiary of Bassett Furniture Industries (NASDAQ: BSET), for approximately $87 million. This deal enhances J.B. Hunt's furniture delivery capabilities and supports its Final Mile Services segment. Zenith generated $87 million in revenue in the fiscal year ending November 2021, with Bassett accounting for one-third of its business. The acquisition is expected to close by February 28, 2022, subject to customary conditions.
J.B. Hunt Transport Services declared a quarterly dividend of $0.40 per share, reflecting a 33% increase from the previous dividend amount. This dividend is scheduled for payment on February 18, 2022 to shareholders on record as of February 4, 2022. J.B. Hunt, a prominent player in North America's supply chain solutions, continues to demonstrate its commitment to returning value to shareholders through this dividend increase.
J.B. Hunt Transport Services (NASDAQ: JBHT) reported strong financial results for Q4 2021, achieving revenue of $3.50 billion (up 28%) and operating income of $322.5 million (up 55%). The diluted EPS reached $2.28, a 58% increase from $1.44 in Q4 2020. For the full year, revenue was $12.17 billion (up 26%) with an annual EPS of $7.14, compared to $4.74 in 2020. Key segments, including Truckload and Integrated Capacity Solutions, drove this growth. Total freight transactions in the J.B. Hunt 360 Marketplace increased by 27% to $593 million.
J.B. Hunt Transport Services has announced a long-term strategic alliance with Waymo Via to integrate autonomous driving technology in transportation and logistics. This partnership aims to enhance efficiency in North America's transportation network, with plans to implement fully autonomous transport in Texas over the next few years. The collaboration will involve multiple pilot programs, building on successful initial trials, and explore digital marketplace solutions through J.B. Hunt 360°, which processed 1.2 million loads in 2020.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) plans to release its fourth quarter 2021 earnings after market close on
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) announced it is distributing nearly $10 million in appreciation bonuses to its drivers, maintenance technicians, and hourly employees. CEO John Roberts praised employees for their efforts in meeting customer needs. Earlier this year, the company celebrated its 60th anniversary and recognized 116 drivers for achieving up to 5 million safe miles, awarding over $1.6 million in bonuses. J.B. Hunt continues to focus on innovation and efficiency in its transportation network across North America.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) participated in the Wreaths Across America event for the eighth consecutive year, delivering wreaths to honor fallen veterans. This year, 75 company drivers transported 32 loads of wreaths nationwide using 11 custom military-wrapped tractors. The delivery includes cemeteries like Abraham Lincoln National Cemetery and Dallas-Fort Worth National Cemetery. The company emphasizes its commitment to veterans, with all participating drivers being veterans or closely connected to military service. The wreath-laying ceremony is scheduled for December 18.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced that its executives, including CEO John Roberts and CFO John Kuhlow, will present at the 2021 Stephens Annual Investment Conference on December 1, 2021, at 2:00 p.m. ET. Investors can access the live presentation via the company's Newsroom section on their website. The presentation may contain forward-looking statements, with actual results potentially differing due to various risks and uncertainties. An event replay will be available on J.B. Hunt's website post-conference.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has launched a new transload service to enhance freight movement in the New York metro area amid nationwide congestion. This service, managed from an expanded facility in Jersey City, New Jersey, offers port drayage, transloading, and inland linehaul solutions, crucial for the upcoming holiday season. The facility features a 25,000 square-foot area with 24/7 service, strategically located near major railroads and ports. J.B. Hunt aims to improve supply chain agility with this initiative, leveraging its extensive fleet and technology platform.
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