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.
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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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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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FAQ
What is the current stock price of JB Hunt Transport Services (JBHT)?
The current stock price of JB Hunt Transport Services (JBHT) is $171.22 as of January 31, 2025.
What is the market cap of JB Hunt Transport Services (JBHT)?
The market cap of JB Hunt Transport Services (JBHT) is approximately 17.2B.
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
17.25B
79.94M
20.06%
73.79%
2.57%
Integrated Freight & Logistics
Trucking (no Local)
United States of America
LOWELL