Carrier executives say US transportation markets are stabilizing, with spot rates falling as freight shifts to contract carriers, but new approaches to contracting and planning are needed to control costs.
J.B. Hunt Transport Services
J.B. Hunt Transport Services
J.B. Hunt is one of the largest transportation companies in the United States. It primarily operates large semi-trailer trucks (“semis”) and provides transportation services throughout the continental Canada and Mexico. The company, which has more than 120,000 employees, operates more than 12,000 trucks. Over 100,000 trailers and containers are in its fleet.
J.B. Hunt Intermodal, which operates the largest fleet of company-owned 53' containers and drayage fleets in North America, partners with several major rail providers, including BNSF, Norfolk Southern, CSX, CN, Kansas City Southern, and Kansas City Southern de Mexico (KCSM).
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05 Feb 2020
Amid weak intermodal volumes in 2019, the JOC Domestic Intermodal Savings Index shows spot and contract savings are lower than historical averages, although the year closed stronger for shipper savings on the spot market.
29 Jan 2020
Railroads and intermodal providers say there will be more volume in 2020 than last year, although shipper demand will not fully recover until the second half of this year.
17 Jan 2020
Dedicated contract carriage, final-mile service, and a digital marketplace helped carry J.B. Hunt through a tough fourth-quarter intermodal and trucking market.
09 Jan 2020
Two technology firms are taking an ambitious step toward bringing shippers, trucking companies, and logistics providers together on one transportation management platform.
09 Dec 2019
Brokers with digital freight marketplaces continue to partner with widely used TMS providers to give users of those systems direct access to electronic capacity and booking capabilities, while the marketplaces get an influx of direct shippers customers.
05 Nov 2019
As spot intermodal rates begin to save shippers more money than earlier in 2019, shippers are seeing reduced savings on contract business.
16 Oct 2019
J.B. Hunt Transport Services said its intermodal volume was flat in the third quarter, a positive given the 4.5 percent decline in total intermodal volume across the industry.
11 Sep 2019
The Cass Truckload Linehaul Index has gone negative for the first time since March 2017, a signal that in addition to spot rates, contract rates are starting to suffer as well; intermodal prices are also expected to go negative in October.
09 Sep 2019
The Journal of Commerce has learned Amazon has acquired 53-foot containers, signaling an intention to tender intermodal volume directly to Class I railroads without an intermediary and marketing itself as an end-to-end supply chain solution for small retailers.
29 Aug 2019
J.B. Hunt has informed shippers it will assess peak season surcharges on excess freight out of California and Washington state even though volumes are much weaker than a year ago.
05 Aug 2019
The long-term outlook for truckers, and their shipper customers, is blurred by the fog of trade wars, but 2020 will bring changes.
01 Aug 2019
Schneider National cut its 2019 earnings guidance, citing an uncertain outlook for trucking and intermodal volumes in the second half of the year.
17 Jul 2019
CSX Transportation lowered its guidance for 2019 after offering a grimmer view of the freight market than J.B. Hunt had a day earlier, warning investors that the second half of the year could be worse than the first.
16 Jul 2019
J.B. Hunt Transport Services believes the intermodal market has hit rock bottom, expressing confidence that shippers will move excess inventory in the second half of 2019, though volume will still be less than last year.
12 Jul 2019
Analysts expect more of a negative outlook from railroads in second-quarter earnings calls, as shippers have not sent as much on intermodal as they have anticipated in 2019.
20 May 2019
By adding an asset-based drop-and-hook trailer program to its digital brokerage platform, J.B. Hunt Transport Services is redrawing traditional business boundaries.
17 May 2019
J.B. Hunt Transport Services has received a license to be a non-vessel operating common carrier and ocean freight forwarder to take greater control of the transportation of its containers and chassis from China.
09 May 2019
BNSF Railway, Norfolk Southern, and CSX say domestic intermodal contract rates have risen by upper single-digit percentages in the first quarter, but some non-asset intermodal marketing companies tell quite a different story.
25 Apr 2019
Some of the biggest trucking companies are riding the 2018 wave well into 2019, and they’re focused more on building profit than revenue as the US economy slows.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
08 Aug 2018
Containers were one of only five items among the original 284 items granted a reprieve by the US working group consisting of nearly a dozen federal agencies.
16 Jul 2018
US shippers are desperate for surface capacity and turning to modes they previously shunned as a result.
18 Apr 2018
By load volume, J.B. Hunt now hauls more dedicated freight than intermodal containers, as e-commerce is adding to dedicated trucking revenue.
13 Oct 2017
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.
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.
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