J. B. Hunt

J.B. Hunt Driver Jodi Edwards Earns Driver of the Year Recognition From Women in Trucking

Retrieved on: 
Tuesday, April 2, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Professional, Smith system, Woman, Mentorship, J. B. Hunt, Wreaths Across America, Radio, Safety, WIT, Government, JBHT, Human, Sirius XM

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, is proud to announce that Jodi Edwards, a 25-year career company driver, was recently named Driver of the Year by the Women In Trucking Association (WIT).

Key Points: 
  • J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, is proud to announce that Jodi Edwards, a 25-year career company driver, was recently named Driver of the Year by the Women In Trucking Association (WIT).
  • “I am greatly honored and humbled to receive this recognition,” said Edwards.
  • “I want to thank my family for their support and patience, J.B. Hunt for providing me with the opportunity and leadership, and Women In Trucking for all they do to make driving a better career option for women.
  • As part of the Image Team, Edwards has mentored others entering the industry while helping showcase the profession as a great career opportunity for women.

Creditsafe Releases Financial & Bankruptcy Outlook for U.S. Transportation

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Business, Data Analytics, Transportation, Finance, Travel, Financial management, Day, Bankruptcy, Risk management, Growth, Spirit Airlines, Transport, Landstar System, Intelligence, Yellow Corporation, Acquisition, Avis Budget Group, The Hertz Corporation, J. B. Hunt, Accounts payable, DBT, Avis, FedEx, XPO, Airline

These challenges have created a pressure-cooker situation, driving companies like Yellow Corporation and Hertz Global Holdings to file for bankruptcy.

Key Points: 
  • These challenges have created a pressure-cooker situation, driving companies like Yellow Corporation and Hertz Global Holdings to file for bankruptcy.
  • Today, Creditsafe , the global expert in credit monitoring and risk management, released its Financial & Bankruptcy Outlook: Transportation report , which examines how financial planning, cash flow management and Accounts Payable management have affected the financial health of U.S. transportation and warehousing businesses.
  • The data included in the report was gathered from multiple sources, including financial earnings reports released by the companies, filings with the U.S. Securities and Exchange Commission and the Creditsafe credit risk and intelligence platform .
  • XPO, Inc. is in strong financial shape: XPO’s DBT (Days Beyond Terms) has consistently dropped since August, indicating an improvement in its cash flow and financial management practices.

Women In Trucking Association Announces 2024 Drivers of the Year

Retrieved on: 
Monday, March 25, 2024
Professional, Water, Truckers Against Trafficking, Face, Sirius, Mentorship, Penske Corporation, Transport, NBC, Silver, Bronze, Research, Female, Smith, News, Road Dog Trucking, Month, Human, MATS, Senior, J. B. Hunt, TAT, Publication, WMCA, Safety, Salute, WIT, The Wall Street Journal, Sirius XM

LOUISVILLE, Ky., March 25, 2024 /PRNewswire-PRWeb/ -- The Women In Trucking Association (WIT) announced on Friday three drivers as the winners of the fifth annual Driver of the Year award sponsored by Walmart.

Key Points: 
  • The Women In Trucking Association (WIT) announced on Friday three drivers as the winners of the fifth annual Driver of the Year award sponsored by Walmart.
  • LOUISVILLE, Ky., March 25, 2024 /PRNewswire-PRWeb/ -- The Women In Trucking Association (WIT) announced on Friday three drivers as the winners of the fifth annual Driver of the Year award sponsored by Walmart.
  • The 2024 Drivers of the Year are:
    The announcement was made during the Salute to Women Behind the Wheel event, hosted by WIT at the Mid-America Trucking Show (MATS) in Louisville, KY.
  • The event honors female commercial drivers for their efforts and successes in the trucking industry.

J.B. Hunt Announces Shelley Simpson as Chief Executive Officer, President

Retrieved on: 
Thursday, February 29, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Multimedia, Investment, JBHT, Culture, Growth, Kansas City Southern Railway, Safety, History, ICS, Honorary, Garrison, Running, J. B. Hunt, Management

View the full release here: https://www.businesswire.com/news/home/20240229750287/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240229750287/en/
    J.B. Hunt Announces Shelley Simpson as Chief Executive Officer, President (Photo: Business Wire)
    The company also announced that Kirk Thompson, current executive chairman of the Board, along with Wayne Garrison, will both retire from the company’s Board of Directors and will take newly formed Board advisory roles as Honorary Founding Directors.
  • John N. Roberts, III, outgoing chief executive officer, will assume the role of executive chairman of the Board upon Kirk Thompson’s retirement from the Board.
  • She was named chief commercial officer and president of Highway Services in 2017 and led the strategic direction and launch of the J.B. Hunt 360°® platform.
  • Thompson joined the company in 1973 and served as president and chief executive officer from 1987 through 2010.

J.B. Hunt Signs Long-Term Intermodal Agreement With Walmart

Retrieved on: 
Thursday, February 22, 2024
Other Transport, Trucking, Rail, Maritime, Air, Transport, Logistics, Supply Chain Management, Retail, Marketing, JBHT, Quantum, Growth, Carbon, BNSF Railway, Walmart, Organization, J. B. Hunt, Intermodal freight transport

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart, in an arrangement that includes J.B. Hunt’s purchase of Walmart’s intermodal assets.

Key Points: 
  • J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart, in an arrangement that includes J.B. Hunt’s purchase of Walmart’s intermodal assets.
  • In connection with the service agreement and increased commitments, J.B. Hunt will acquire Walmart’s operational intermodal container and chassis fleets.
  • Hunt always said ‘Good partners attract good partners,’" said Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt.
  • In 2023, J.B. Hunt and its long-time joint service provider BNSF Railway launched Quantum, a breakthrough intermodal service to convert service-sensitive highway freight to intermodal.

J.B. Hunt Transport Services, Inc. Announces Participation in Three Upcoming Investor Conferences

Retrieved on: 
Tuesday, February 6, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, JBHT, Form 10-K, Annual report, J. B. Hunt, Highway, EST, Barclays, Conference, Cryptocurrency

President Shelley Simpson and Executive Vice President and President of Intermodal Darren Field will address Raymond James’ 45th Annual Institutional Investors Conference at 3:25 p.m. EST on March 4, 2024.

Key Points: 
  • President Shelley Simpson and Executive Vice President and President of Intermodal Darren Field will address Raymond James’ 45th Annual Institutional Investors Conference at 3:25 p.m. EST on March 4, 2024.
  • Investors may access the live presentation by visiting the Investor Relations section of our website.
  • Information presented at the conference may contain forward-looking statements made by the company that involve risks, assumptions, and uncertainties difficult to predict.
  • J.B. Hunt assumes no obligation to update any forward-looking statements to the extent the company becomes aware they will not be achieved for any reason.

The Transportation Industry’s Biggest Names to Headline ACT Expo 2024

Retrieved on: 
Thursday, February 1, 2024
ACT, Propane, OEM, J. B. Hunt, Transport, Las Vegas Convention Center, Shell, Pilot Flying J, Ecosystem, Volvo Trucks, Original equipment manufacturer, Daimler Truck North America, GNA, Renewable energy

The 13th annual fleet-focused event is taking place May 20-23, 2024, at the Las Vegas Convention Center.

Key Points: 
  • The 13th annual fleet-focused event is taking place May 20-23, 2024, at the Las Vegas Convention Center.
  • “In addition, our 2024 ACT Expo keynote lineup promises to ignite inspiration and innovation, setting the stage for a transformative dialogue in the world of advanced transportation technologies and clean fuels.”
    Earlier this month, ACT Expo announced the full agenda and first keynote , Roger Alm, President of Volvo Trucks.
  • The massive expo hall will highlight more than 350 exhibitors and sponsors displaying new, advanced commercial vehicle technologies.
  • Supported by presenting sponsors Daimler Truck North America, Penske Transportation Solutions, and Shell, ACT Expo is the official annual meeting place for fleet transportation stakeholders focused on achieving both economic and environmental sustainability.

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for Both the Fourth Quarter and Year Ended December 31, 2023

Retrieved on: 
Thursday, January 18, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, Transcontinental, Overalls, JBI, Average cost, ICS, Share repurchase, Dray, Insurance, J. B. Hunt, DCS, JBT, Sale, CST, JBHT, Acquisition, Internet, Operating cost, FMS, Last, Video game

Operating income for the current quarter decreased 28% to $203.3 million versus $281.9 million for the fourth quarter 2022.

Key Points: 
  • Operating income for the current quarter decreased 28% to $203.3 million versus $281.9 million for the fourth quarter 2022.
  • In addition, fourth quarter 2023 included a $15.0 million net increase in loss on sale of equipment compared to the prior-year period.
  • Net interest expense in the current quarter increased primarily from higher interest rates and a higher average outstanding debt balance compared to fourth quarter 2022.
  • Fourth Quarter 2023 Segment Revenue: $1.62 billion; down 7%
    Fourth Quarter 2023 Operating Income: $129.9 million; down 28%
    Intermodal volume increased 6% over the same period in 2022.

J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend

Retrieved on: 
Thursday, January 18, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, J. B. Hunt, JBHT

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced today that its Board of Directors has declared a regular quarterly dividend on its common stock of $ 0.43 (forty three cents) per common share, which is a 2% increase over the previous quarterly dividend.

Key Points: 
  • J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced today that its Board of Directors has declared a regular quarterly dividend on its common stock of $ 0.43 (forty three cents) per common share, which is a 2% increase over the previous quarterly dividend.
  • The dividend is payable to stockholders of record on February 9, 2024 and will be paid on February 23, 2024.

J.B. Hunt Announces Safety and Sustainability Leadership Changes

Retrieved on: 
Thursday, December 14, 2023
Professional Services, Other Transport, Trucking, Rail, Maritime, Air, Transport, Logistics, Supply Chain Management, Environment, Human Resources, Sustainability, Carbon, Safety, J. B. Hunt, Policy, Woodruff, Carbon footprint, White, JBHT, Zenith Contract Services, Management

In just four years after joining the company, he was named Chief Safety Officer, a newly created position at J.B. Hunt and one of the industry’s first.

Key Points: 
  • In just four years after joining the company, he was named Chief Safety Officer, a newly created position at J.B. Hunt and one of the industry’s first.
  • Harper and Woodruff worked alongside each other for many years to create and advance the company’s safety culture.
  • Woodruff has dedicated his 36-year career at J.B. Hunt to building the strong safety culture the company has today.
  • Woodruff is a well-known proponent for motor carrier safety, having served on several safety policy boards and committees.