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 participate in the 2021 Deutsche Bank Virtual Transportation Conference on August 18, 2021, at 9:00 a.m. ET. COO Nick Hobbs and CFO John Kuhlow will present, discussing the company's innovative supply chain solutions and technology-driven methods.
The presentation will be accessible live on the company's website, with a replay available afterward. The conference may include forward-looking statements subject to risks and uncertainties that could affect actual outcomes.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced a quarterly dividend of $0.30 per share, with a record date of August 6, 2021, and payment scheduled for August 20, 2021. The company, a component of the S&P 500 and the Dow Jones Transportation Average, provides comprehensive supply chain solutions across North America. Utilizing a technology-driven, multimodal approach, J.B. Hunt enhances operational efficiency and value for its diverse customer base.
J.B. Hunt Transport Services announced Q2 2021 net earnings of $172.2 million or $1.61 per share, up from $121.7 million or $1.14 per share in Q2 2020. Total operating revenue soared to $2.91 billion, a 36% increase year-over-year, driven by significant growth across all segments. Integrated Capacity Solutions (ICS) and Truck (JBT) revenues surged 100% and 70% respectively, while operating income rose to $241.5 million. However, the company faced rising operational costs and supply chain challenges. The effective tax rate stood at 25%.
J.B. Hunt Transport Services has pledged $1 million annually for five years, totaling $5 million, to support the expansion of Arkansas Children’s Northwest (ACNW), bringing its total investment in ACNW to $10 million. This funding is part of the $250 million Campaign for a Healthier Tomorrow, aimed at enhancing pediatric healthcare in Arkansas. J.B. Hunt's ongoing commitment reflects its long-standing support for the health and well-being of children in the region, addressing the growing healthcare demands in Northwest Arkansas.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will announce its second quarter 2021 earnings on July 19, 2021, after market close. A conference call is scheduled for the same day from 4:00-5:00 p.m. CT to discuss earnings and respond to investor inquiries. Participants can join by dialing 1-833-360-0810 (domestic) or 470-495-0976 (international) and using conference ID: 9793029. The company emphasizes that actual results may vary due to factors outlined in its Annual Report on Form 10-K for the year ended December 31, 2020.
J.B. Hunt Transport Services (NASDAQ: JBHT) and Waymo have announced a collaboration to autonomously transport freight in Texas. Utilizing Waymo Via's Class 8 trucks, the trial will operate between Houston and Fort Worth with Level 4 autonomous technology, monitored by trained personnel. This initiative aims to gather data on freight operations, explore efficiency improvements, and enhance safety standards in trucking. The partnership positions J.B. Hunt at the forefront of autonomous technology in transportation, leveraging Waymo's extensive experience in autonomous driving.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has partnered with the University of Arkansas to launch two new funds aimed at enhancing sustainability and inclusion within the supply chain sector. The Inclusion in Supply Chain Endowed Scholarship Fund, starting with a $1 million investment, will support students pursuing supply chain careers. Additionally, the Supply Chain Management Department Current Use Accelerator Fund, part of a larger $2.25 million collaboration, will expedite inclusivity and sustainability initiatives. These funds continue J.B. Hunt's commitment to improving supply chain efficiency and shaping future leaders.
J.B. Hunt Transport Services (NASDAQ: JBHT) will present at KeyBanc Capital Markets’ Virtual Industrials Conference on June 3, 2021, at 10:00 a.m. ET. The presentation will feature Executive Vice President Eric McGee and CFO John Kuhlow. Investors not attending can listen via a webcast link. A replay will be available on the company's website. Forward-looking statements include risks and uncertainties, with actual outcomes potentially differing significantly.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will participate in the 2021 Virtual BofA Securities Transportation, Airlines and Industrials Conference on May 19, 2021, at 8:40 a.m. ET. Key executives will present insights and discuss company performance. Interested investors can register to listen via a webcast link and access a replay on the company's website. The presentation may include forward-looking statements, which involve risks and uncertainties that could affect actual outcomes.
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