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) announces integration with KeepTruckin's Smart Load Board, enhancing J.B. Hunt 360°® freight-matching capabilities. This collaboration aims to improve visibility into freight capacity and streamline load matching for carriers. Approved carriers can access J.B. Hunt loads through KeepTruckin, allowing real-time shipment tracking. J.B. Hunt 360 processed over 1.2 million loads and transacted more than $1.4 billion in 2020, solidifying its position in the North American transportation market.
J.B. Hunt Transport Services (NASDAQ: JBHT) will participate in the J.P. Morgan 2021 Industrials Conference on March 16, 2021, at 11:20 a.m. ET. Chief Commercial Officer Shelley Simpson and CFO John Kuhlow will discuss forward-looking statements, which may include risks and uncertainties that could affect results. Interested investors can access the presentation via a webcast on the company’s website, with a replay available afterwards. J.B. Hunt offers a range of supply chain solutions across North America, integrating technology to enhance efficiency and value.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will present at the Raymond James 2021 Institutional Investors Conference on March 3, 2021, at 8:20 a.m. ET. COO Nick Hobbs and CFO John Kuhlow will represent the company, and interested investors can access the presentation via a webcast on J.B. Hunt’s website. The presentation may include forward-looking statements that involve risks and uncertainties, and J.B. Hunt will not update these statements unless aware of unachievable goals. For more details, visit www.jbhunt.com.
On February 17, 2021, Google and J.B. Hunt Transport Services announced a multi-year strategic alliance to advance J.B. Hunt's digital transformation. The partnership aims to enhance the J.B. Hunt 360° platform using Google Cloud's technologies, focusing on real-time data and improving logistics efficiency. Key initiatives include utilizing AI and ML tools to improve operations and drive innovation within supply chain management. This collaboration is positioned to enhance visibility and efficiency, addressing the increasing demand for data-driven logistics solutions in a $1 trillion industry.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will be featured at the Citi 2021 Global Industrials Virtual Conference on February 16, 2021, at 1:00 p.m. Eastern Time. The presentation will be led by CEO John Roberts and CFO John Kuhlow. Investors not attending can access the webcast on J.B. Hunt’s website, with a replay available afterward. The company warns that forward-looking statements may contain uncertainties that could cause actual results to differ. For comprehensive information, interested parties are encouraged to review the press release on the company’s site.
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.
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