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.
Navistar, in collaboration with General Motors and OneH2, announced a complete solution for a zero-emission long-haul truck system, initially piloted by J.B. Hunt. The hydrogen fuel cell electric vehicle (FCEV) will feature a range of over 500 miles and refueling in under 15 minutes. Test vehicles are set to start piloting by the end of 2022, with commercial availability in 2024. Navistar is also taking a minority stake in OneH2, which will help develop the hydrogen refueling infrastructure for the new trucks.
J.B. Hunt Transport Services has declared a quarterly dividend of $0.28 per common share, payable on February 19, 2021, to shareholders on record as of February 5, 2021. This decision highlights the company's ongoing commitment to returning value to its investors. As a recognized player in supply chain solutions, J.B. Hunt employs a technology-driven, integrated approach in its diverse services, which include intermodal, dedicated, and final mile solutions. The company is publicly traded on NASDAQ under the ticker symbol JBHT.
J.B. Hunt Transport Services (NASDAQ: JBHT) reported fourth quarter 2020 net earnings of $154 million ($1.44/share), up from $144.7 million ($1.35/share) in Q4 2019. Revenue increased to $2.74 billion, driven by strong growth in Integrated Capacity Solutions (up 56%) and Truck (up 50%). Despite this, Intermodal revenue fell 1% due to rail congestion. Operating income rose slightly to $207.7 million. The company also repurchased 144,000 shares for $17 million as of December 31, 2020.
J.B. Hunt Transport Services (NASDAQ: JBHT) will release its fourth quarter 2020 earnings on January 19, 2021, after market close. A conference call is scheduled from 4:00 to 5:15 p.m. CST the same day, allowing investors to discuss the results. Interested participants can join by calling 1-833-397-0851 domestically or 516-575-8759 internationally, using conference ID 2070198. Investors should note that actual results may vary significantly from expectations due to various factors outlined in their recent filings.
J.B. Hunt Transport Services has announced enhancements to its J.B. Hunt 360° technology platform, introducing temperature-controlled transportation services within Shipper 360. Over 10,000 carriers will now provide temperature-controlled delivery options, with shippers able to book shipments in as little as three minutes. The updated platform offers features like flexible shipping windows and real-time rates, empowering businesses to respond more effectively in the freight market. J.B. Hunt's commitment to innovation aims to create an efficient transportation network in North America.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has acquired the assets of Mass Movement, Inc. as of November 30, enhancing its final mile delivery capabilities for the commercial health and fitness sector. Mass Movement, which generated $29 million in revenue in 2019, brings over 20 years of experience in logistics and delivery of fitness equipment. The acquisition is part of J.B. Hunt's strategy to expand its Final Mile Services and follows three previous acquisitions since 2017. The transaction was funded with cash on hand.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) secured the seventh position on FreightWaves' 2021 FreightTech Awards, acknowledging its innovation in the transportation sector. This recognition highlights the company's consistent performance, ranking among the top companies for three consecutive years since the awards began in 2019. J.B. Hunt's technology platform, J.B. Hunt 360°, continues to evolve, enhancing digital freight matching across various transportation modes. New features like electronic bill of lading have streamlined operations, showcasing the company's commitment to advancing supply chain solutions.
J.B. Hunt Transport Services (NASDAQ: JBHT) will participate in two upcoming virtual conferences: Baird's Global Industrial Conference on November 10, 2020, at 10:15 a.m. ET and Stephens’ Annual Investment Conference on November 17, 2020, at 10:00 a.m. ET. The events will feature fireside chats accessible via the investor section of their website. The company cautions that discussions may include forward-looking statements subject to uncertainties. For updates, interested parties can visit www.jbhunt.com.
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