J. B. Hunt
|This article needs additional citations for verification. (September 2014)|
|Traded as||NASDAQ: JBHT
Dow Jones Transportation Average Component
|Headquarters||Lowell, Arkansas, U.S.|
|Johnnie Bryan Hunt, Founder|
Number of employees
|Slogan||The Transportation Logistics Company|
J.B. Hunt Transport Services, Inc. is a trucking and transportation company that was founded by Johnnie Bryan Hunt, and based in the Northwest Arkansas city of Lowell. J.B. Hunt Transport Services, Inc. was incorporated in Arkansas on August 10, 1961 and originally started with five trucks and seven refrigerated trailers to support the original rice hull business. By 1983, J.B. Hunt had grown into the 80th largest trucking firm in the U.S. and earned $63 million in revenue. At that time J.B. Hunt was operating 550 tractors, 1,049 trailers, and had roughly 1,050 employees. Today this company has grown into one of the largest transportation companies in the United States with annual revenues of over $3 billion. J.B. Hunt primarily operates large semi-trailer trucks, and provides transportation services throughout the continental United States, Canada and Mexico. The company currently employs over 16,000 employees and operates in excess of 12,000 trucks. Over 47,000 trailers and containers can be found in the company's fleet.
J.B. Hunt Transport is a leader in the industry in technology and operation. In 1989, J.B. Hunt Transport started partnering with railroads to offer intermodal service. Today, 61% of the company’s revenues and 77% of its profits come from intermodal. The company also launched a specialized trucking service division along with a flatbed operation, which was later sold.
Dedicated Contract Service (DCS): Started in 1992. DCS operations typically provide customized services that are governed by long-term contracts and currently include dry-van, flatbed, temperature-controlled, dump trailers and local inner-city operations
Intermodal (JBI): The JBI segment began operations in 1989 with a partnership with the former Santa Fe Railway (now the BNSF Railway Company). Essentially, JBI draws on the intermodal (also known as "container on flatcar") services of rail carriers for the underlying linehaul movement of its equipment and performs the pickups and deliveries ("drayage") for customers at the origin and destination rail terminal locations. May directly provide the drayage service at either the origin or destination rail ramp using company-controlled tractors, or they purchase these services from third parties.
Integrated Capacity Solutions (ICS): This segment includes full truckload, dry-van freight using company-controlled tractors operating over roads and highways. ICS also features a suite of specialty transportation services including Less than Truck Load (LTL), Refrigerated, and Flatbed. ICS reported record revenue in 2013 of over $535 million.
Truck: This segment includes full truckload, dry-van freight, using company-controlled tractors operating over roads and highways.