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, Inc. (NASDAQ: JBHT) will present at the Baird 2021 Global Industrial Conference on November 9, 2021, at 3:45 p.m. ET. COO Nick Hobbs, CFO John Kuhlow, and SVP Stacey Griffin will address key themes. The event is accessible via the company’s website, where a replay will also be available. The presentation may contain forward-looking statements with inherent risks and uncertainties, as noted in their Annual Report. J.B. Hunt provides multimodal supply chain solutions in North America.
J.B. Hunt Transportation Services Inc. (NASDAQ: JBHT) announced its J.B. Hunt 360°® technology solution integration within the SAP® ERP application. This collaboration aims to create a unified platform for logistics management, enhancing efficiency for businesses. Users can access J.B. Hunt 360's freight-matching capabilities directly from SAP, allowing swift scheduling and shipment tracking. The integration is expected to automate manual tasks, particularly benefiting small and medium-sized enterprises, thereby streamlining their operations.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has declared a quarterly dividend of $0.30 per share, payable to stockholders on November 19, 2021, with record holders as of November 5, 2021. The company, a component of the S&P 500 and the Dow Jones Transportation Average, offers a range of supply chain solutions across North America, emphasizing an integrated, multimodal approach to enhance operational efficiency and value.
J.B. Hunt Transport Services reported impressive third quarter 2021 results, with revenue of $3.14 billion, a 27% increase year-over-year. Net earnings reached $199.8 million or $1.88 per share, compared to $125.5 million or $1.18 in Q3 2020. All segments saw double-digit growth, especially Truckload (up 87%) and Integrated Capacity Solutions (up 55%). Operating income rose 56% to $273.8 million. However, challenges such as labor shortages and higher costs in several areas were noted.
J.B. Hunt Transport Services (NASDAQ: JBHT) awarded over
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has announced a contribution of $1.25 million to the American Foundation for Suicide Prevention (AFSP). This funding will enhance national programs aimed at suicide prevention and mental health awareness. J.B. Hunt's commitment builds on its previous collaborations with AFSP, focusing on providing education and resources. The company participated in AFSP's Out of the Darkness Walk on September 26 during National Suicide Prevention Awareness Month, promoting mental health within its corporate culture.
J.B. Hunt Transport Services (JBHT) announced it will release its third quarter 2021 earnings on October 15, 2021, before market opening. A subsequent conference call will be held from 9:00-10:00 a.m. CT to discuss results and answer investor questions. Participants can join the call by dialing 1-833-397-0851 (domestic) or 516-575-8759 (international), using conference ID 1065188. The company warns that actual results may differ from projections due to various factors.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will present at the 2021 Morgan Stanley Virtual Laguna Conference on September 15, 2021, at 9:00 a.m. ET. EVP and President of Intermodal, Darren Field, along with CFO John Kuhlow, will discuss the company's strategies and forward-looking statements, which may include risks and uncertainties. Investors can access the presentation live via the Newsroom section of the company’s website, where a replay will also be available afterward. For further information, visit J.B. Hunt's official website.
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