Higher third-quarter operating costs at J.B. Hunt, especially costs related to drivers and empty trucks, show why US shippers should be concerned about truck and intermodal pricing.
J.B. Hunt Transport Services
J.B. Hunt started out as a trucking enterprise and has kept to that focus as it serves customers throughout North America from its Lowell, Arkansas, headquarters. It primarily provides trucking and intermodal services in addition to supply chain solutions. The company had its best profit ever in 2013, and it ascended to the Fortune 500 for the first time.
J.B. Hunt has 18,467 employees, located in the 48 contiguous states of the United States. The company reported $5.2 billion in revenue in 2013 due to an increase of 13 percent in loads moved by the intermodal division.
J.B Hunt utilizes customized chassis and trailer equipment. The trailers are designed to be stacked on top of each other when loaded on to rail cars, and the chassis are designed to function only with matching trailers.
J.B. Hunt is No. 3 on the JOC Top 50 Trucking Companies list for 2013, and it also holds the No. 13 spot on JOC’s Top 40 Global 3PLs.
Webcasts
US-Mexico Trade: How Will an Uncertain Landscape Affect Importers and Exporters?
May 17, 2018 2:00PM EDT
29 Sep 2017
“This is one of the highest periods of turbulence and volatility in supply we have ever experienced, and we don’t think it will abate any time soon,” John Roberts, president and CEO, and Shelly Simpson, chief commercial officer, said.
25 Jul 2017
J.B. Hunt’s first acquisition in recent memory is neither in the first nor final-mile logistics space.
17 Jul 2017
Higher second-quarter freight demand drove up costs faster than contract rates for J.B. Hunt Transport Services, squeezing the $6.6 billion company's profits.
09 Jun 2017
As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
21 Apr 2017
Werner Enterprises and Heartland Express follow J.B. Hunt in reporting a rise in freight demand as the second quarter gets under way.
17 Apr 2017
J.B. Hunt’s less optimistic outlook could be an early indicator of what to expect from Class I railroads and trucking companies’ first-quarter earnings to be released over the next several weeks.
21 Mar 2017
Shippers spent more on dedicated trucking and last-mile deliveries last year, benefiting top tier carriers. Will industrial and consumer freight follow in 2017?
03 Mar 2017
Dedicated trucking prevents deeper revenue decline at the Top 25 Truckload Carriers.
06 Feb 2017
The transportation providers’ confidence has been spurred by an intermodal market that is improving.
19 Jan 2017
Shippers show they are willing to pay more for dedicated capacity, and J.B. Hunt is happy to oblige.
04 Jan 2017
Both companies now contend they are not receiving an equitable portion of the revenue from their partnership.
17 Oct 2016
Quarterly net profit dropped at the third-largest trucking operator for the first time since early 2014, thanks to lower truckload and intermodal rates. Dedicated is an exception.
18 Jul 2016
Second-quarter results show $6.2 billion J.B. Hunt is spending to build intermodal, truck volume, revenue.
14 Jul 2016
As spot market truckload volumes rise, will rates follow?
18 Apr 2016
J.B. Hunt Transport Services posted better-than-expected earnings in its first quarter of 2016 with fuel surcharge revenue declines offset by volume growth across the company’s segments, increased contract pricing and improved network operations.
