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JB Hunt Transport Services Inc - JBHT STOCK NEWS

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.

Rhea-AI Summary
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) expects to issue Q4 2023 earnings on January 18, 2024, followed by a conference call to discuss the results and answer investment community questions.
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J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) announced the retirement of Chief Sustainability Officer Craig Harper and the appointment of Greer Woodruff as the new Executive Vice President of Safety, Sustainability, and Maintenance. Harper's 31-year career was marked by significant contributions to safety practices, operational excellence, and sustainability initiatives, including setting ambitious carbon emission reduction goals. Woodruff, with 36 years at J.B. Hunt, has a strong background in safety culture development and will lead the company's sustainability and safety efforts.
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J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has continued its participation in Wreaths Across America for the tenth consecutive year, transporting a record 355,000 wreaths to national cemeteries. The company's 72 drivers will help transport 52 loads of wreaths to veteran cemeteries throughout the country, marking the largest amount of wreaths delivered since 2014. J.B. Hunt's commitment to supporting veterans is evident through its programming and resources, including its employee resource group dedicated to empowering and engaging employees to support the professional and personal success of veterans.
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BNSF Railway, GMXT, and J.B. Hunt announced a new intermodal service between Monterrey, Silao-Bajio, and Pantaco-Mexico City regions, offering a reliable and sustainable transportation option to move goods seamlessly across the Mexico-U.S. border. Scheduled to start on Jan. 1, 2024, the service will be one day faster than the existing route from Monterrey to Chicago, providing new market opportunities and significant cost savings.
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J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) and BNSF Railway have launched Quantum, a premium intermodal service that promises consistency, agility, and speed to move service-sensitive highway freight, aiming to reduce carbon footprint and maintain supply chain consistency. Customers can expect up to 95% on-time delivery service approximately a day faster than traditional intermodal service.
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J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) executives will address the 2023 Baird Global Industrial Conference on November 8 and the 2023 Stephens Investment Conference on November 14. Investors can access the live presentations on the company's website and a replay will be available afterwards.
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J.B. Hunt Transport Services Inc. has awarded scholarships to 100 new recipients of the J.B. Hunt Scholarship for Families program. The program has provided a total of $687,500 in educational financial assistance for the families of J.B. Hunt employees since 2022. The program will be renewed in 2024, with applications expected to open in the first quarter of that year. The scholarships provide $2,500 in financial aid each school year and are renewable for up to four years. In the second year of the program, J.B. Hunt awarded a total of $437,500 in new and renewed scholarships.
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J.B. Hunt Transport Services declares quarterly dividend on common stock
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J.B. Hunt Transport Services reports third-quarter 2023 financial results with a decrease in revenue and operating income compared to the same period last year.
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J.B. Hunt Transport Services, Inc. expects to issue Q3 2023 earnings on October 17, 2023, with a conference call to discuss the results. Webcast available. No concrete business takes mentioned.
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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)
Link
United States of America
LOWELL