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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.
Rhea-AI Summary
J.B. Hunt Transport Services, Inc. reported a decrease in revenue, operating income, and EPS for the first quarter of 2024 compared to the same period in 2023. The decline was driven by lower volumes and yield pressure in various segments. Despite revenue declines in Intermodal, Truckload, Integrated Capacity Solutions, and Dedicated Contract Services, Final Mile Services saw revenue growth. Operating income decreased due to higher expenses in equipment, insurance, and claims. The effective income tax rate increased, and net interest expense also rose. Overall, the company faced challenges in certain segments but showed growth in Final Mile Services.
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J.B. Hunt Transport Services Inc. announces Jodi Edwards as the Driver of the Year by the Women In Trucking Association for her outstanding career achievements and dedication to safety. Edwards, a 25-year company driver, surpassed two million safe miles driven, showcasing her commitment to excellence and leadership in the transportation industry.
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J.B. Hunt Transport Services, Inc. (JBHT) to announce first quarter 2024 earnings on April 16, 2024, followed by a conference call. Investors can access a webcast of the call on investor.jbhunt.com.
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J.B. Hunt Transport Services Inc. appoints Shelley Simpson as CEO and President, with Kirk Thompson and Wayne Garrison transitioning to advisory roles. Succession planning and Board development aim to support future growth and shareholder confidence.
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J.B. Hunt Transport Services Inc. announces a multi-year intermodal service agreement with Walmart, involving the purchase of Walmart's intermodal assets. The agreement aims to enhance volume and capacity commitments, driving long-term value for both companies. J.B. Hunt will acquire Walmart's operational intermodal container and chassis fleets, showcasing a strategic capital allocation approach. The partnership focuses on delivering efficient transportation solutions and driving innovation in supply chains, with a commitment to sustainability through intermodal conversions.
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J.B. Hunt Transport Services Inc. has been recognized as one of America’s Best Large Employers of 2024 by Forbes and named to the Fortune World’s Most Admired Companies™ 2024 list, showcasing its brand integrity and workplace culture. The company's president, Shelley Simpson, expressed gratitude for the acknowledgments, emphasizing the value created for employees, customers, and shareholders through a strong mission and dedicated workforce.
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J.B. Hunt Transport Services, Inc. (JBHT) executives will address several upcoming conferences to discuss the company's performance and future plans. Investors can access live presentations and replays on the company's website.
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J.B. Hunt Transport Services, Inc. (JBHT) reported a decrease in revenue, operating income, and diluted EPS for the fourth quarter and full year of 2023. The company experienced declines in volume, revenue per load, and operating income across its segments, with the exception of a few positive offsets. The PR also details the impact of pre-tax charges, changes in segment operations, and the company's cash flow and capitalization.
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J.B. Hunt Transport Services, Inc. (JBHT) has declared a regular quarterly dividend of $0.43 per common share, representing a 2% increase over the previous dividend. The dividend is payable to stockholders of record on February 9, 2024, and will be paid on February 23, 2024.
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J.B. Hunt Transport Services Inc. has elected Patrick Ottensmeyer as the newest member of its board of directors, expanding the board to 10 total board seats. Ottensmeyer brings over 17 years of rail industry experience and has held various leadership roles in the transportation industry. He has also been involved in various business and economic councils and has received several awards and recognitions for his contributions to the rail industry. This announcement follows the addition of Persio Lisboa and Thad Hill as new board members since 2021.
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FAQ
What is the current stock price of JB Hunt Transport Services (JBHT)?
The current stock price of JB Hunt Transport Services (JBHT) is $170.23 as of December 20, 2024.
What is the market cap of JB Hunt Transport Services (JBHT)?
The market cap of JB Hunt Transport Services (JBHT) is approximately 16.7B.
What does J.B. Hunt Transport Services Inc. specialize in?
J.B. Hunt specializes in freight shipping for large and small businesses, providing multimodal transportation solutions across North America.
What are the main operating segments of J.B. Hunt?
The main segments include intermodal delivery, dedicated trucking services, for-hire truckload, heavy goods final-mile delivery, and asset-light truck brokerage.
Where does J.B. Hunt operate?
J.B. Hunt operates throughout the continental United States, Canada, and Mexico.
What is the intermodal delivery segment?
The intermodal delivery segment uses Class I rail carriers for the underlying line-haul movement of its owned containers, contributing 48% to the company's sales in 2023.
How does J.B. Hunt contribute to sustainability?
J.B. Hunt invests in electric and alternative fuel vehicles to reduce its carbon footprint and promote sustainable logistics solutions.
What is the financial condition of J.B. Hunt?
J.B. Hunt maintains a robust financial position with a strong revenue base and diversified service offerings, ensuring consistent growth and fiscal responsibility.
How does J.B. Hunt rank among transportation companies in North America?
J.B. Hunt is one of the top surface transportation companies in North America by revenue.
What recent projects has J.B. Hunt undertaken?
Recently, J.B. Hunt has expanded its intermodal network and strengthened partnerships with major rail carriers to optimize supply chain solutions.
What percentage of sales does the dedicated trucking segment account for?
The dedicated trucking segment accounts for 28% of J.B. Hunt's sales.
What services does the heavy goods final-mile delivery segment offer?
The heavy goods final-mile delivery segment ensures doorstep delivery of heavy goods, accounting for 7% of the company's sales.
JB Hunt Transport Services Inc
Nasdaq:JBHT
JBHT Rankings
JBHT Stock Data
16.72B
80.20M
20.06%
74.06%
1.94%
Integrated Freight & Logistics
Trucking (no Local)
United States of America
LOWELL