Profile: J B Hunt Transport Services Inc (JBHT.OQ)
24 May 2019
J.B. Hunt Transport Services, Inc., incorporated on September 10, 1961, is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico. The Company operates through four segments, which include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company's service offerings include transportation of full- truckload containerized freight, customized freight movement, revenue equipment, labor, systems and delivery services.
The transportation service offerings of the Company's JBI segment utilize arrangements with the North American rail carriers to provide intermodal freight solutions for its customers across the continental United States, Canada and Mexico. The JBI segment draws on the intermodal services of rail carriers for the underlying linehaul movement of its equipment between rail ramps. As of December 31, 2016, JBI operated 84,954 pieces of company-owned trailing equipment. As of December 31, 2016, its fleet consisted of 53-foot, high-cube containers. As of December 31, 2016, it owned and maintained chassis fleet consisting of 73,746 units. As of December 31, 2016, JBI also managed a fleet of 4,581 company-owned tractors, 695 independent contractor trucks and 5,398 company drivers.
The Company's DCS segment focuses on private fleet conversion and creation in replenishment, specialized equipment and final-mile delivery services. It specializes in the design, development and execution of supply-chain solutions that support a range of transportation networks. As of December 31, 2016, its final-mile delivery services were supported with a network of approximately 89 cross-dock locations. As of December 31, 2016, this segment operated 6,976 company-owned trucks, 410 customer-owned trucks, and 15 independent contractor trucks. As of December 31, 2016, DCS also operated 16,139 owned pieces of trailing equipment and 6,549 customer-owned trailers.
The Company's ICS segment provides traditional freight brokerage and transportation logistics solutions to customers through relationships with third-party carriers and integration with its owned equipment. It provides customers flatbed, refrigerated, expedited and less-than-truckload (LTL), as well as a range of dry-van and intermodal solutions. ICS provides single-source logistics management for customers desiring to outsource their transportation functions. As of December 31, 2016, ICS operated 42 remote sales offices or branches, as well as on-site logistics personnel working in direct contact with customers.
The Company's JBT segment offers full-load, dry-van freight, utilizing tractors operating over roads and highways. The Company picks up freight at the dock or specified location of the shipper and transports the load directly to the location of the consignee. It uses company-owned tractors and employee drivers or independent contractors agreeing to transport freight in the Company's trailers. As of December 31, 2016, the JBT segment operated 1,376 company-owned tractors.
J B Hunt Transport Services Inc
615 Jb Hunt Corporate Dr
PO Box 130
LOWELL AR 72745-0130