J.B. Hunt Company Overview
What is the Stock Ticker for J.B. Hunt?
The stock ticker for J.B. Hunt is JBHT.
Where is the J.B. Hunt headquarters?
J.B. Hunt's headquarters is located in Lowell, Arkansas, United States.
What Does J.B. Hunt Do?
J.B. Hunt is a transportation and logistics company that provides a range of services including truckload, intermodal, and dedicated contract services. They specialize in moving goods across North America for a variety of industries including retail, automotive, and healthcare.
How Does J.B. Hunt Make Money?
J.B. Hunt is a transportation and logistics company that makes money through various services it offers to its customers. Here are some of the ways the company generates revenue:
1. Intermodal Services: J.B. Hunt operates one of the largest intermodal networks in North America. The company provides transportation services for shipping containers and trailers that can be moved between trucks, trains, and ships. J.B. Hunt earns revenue by charging fees for transporting goods and handling the logistics of moving them across different modes of transportation.
2. Dedicated Contract Services: J.B. Hunt offers dedicated contract services to customers who need a dedicated fleet of trucks and drivers to transport their goods. The company provides customized transportation solutions that are tailored to the specific needs of each customer. J.B. Hunt earns revenue by charging a fixed fee for the dedicated fleet and services provided.
3. Truckload Services: J.B. Hunt provides truckload services to customers who need to transport large quantities of goods over long distances. The company operates a fleet of trucks and drivers that can transport goods across the country. J.B. Hunt earns revenue by charging fees for transporting goods and handling the logistics of moving them.
4. Integrated Capacity Solutions: J.B. Hunt offers integrated capacity solutions to customers who need to transport goods but do not have the resources to manage their own transportation network. The company provides transportation services and manages the logistics of moving goods across different modes of transportation. J.B. Hunt earns revenue by charging fees for the transportation services and logistics management.
5. Final Mile Services: J.B. Hunt provides final mile services to customers who need to transport goods to their final destination. The company operates a fleet of trucks and drivers that can deliver goods to homes, businesses, and other locations. J.B. Hunt earns revenue by charging fees for the final mile delivery services.
In summary, J.B. Hunt generates revenue by providing transportation and logistics services to its customers. The company earns fees for transporting goods, managing logistics, and providing customized transportation solutions.
Who Founded J.B. Hunt?
The founder of J.B. Hunt is Johnnie Bryan Hunt.
What is the History of J.B. Hunt?
J.B. Hunt Transport Services, Inc. is a transportation and logistics company based in Lowell, Arkansas. The company was founded in 1961 by Johnnie Bryan Hunt, a farmer from Arkansas who had a vision of creating a trucking company that would provide reliable and efficient transportation services to customers across the United States.
Initially, J.B. Hunt started with just five trucks and seven trailers, but the company quickly grew as it gained a reputation for its high-quality service and commitment to customer satisfaction. By the 1980s, J.B. Hunt had become one of the largest trucking companies in the country, with a fleet of more than 1,000 trucks and 2,000 trailers.
In the 1990s, J.B. Hunt expanded its services to include intermodal transportation, which involves the use of multiple modes of transportation (such as trucks, trains, and ships) to move goods across the country. This move helped the company to become even more competitive in the transportation industry, and it continued to grow and expand throughout the 2000s and 2010s.
Today, J.B. Hunt is a Fortune 500 company with more than 24,000 employees and a fleet of over 12,000 trucks and 100,000 trailers. The company provides a wide range of transportation and logistics services, including truckload, intermodal, dedicated, and final mile delivery, as well as supply chain solutions and freight management services.
What Industry is J.B. Hunt In?
J.B. Hunt is in the transportation and logistics industry.
What Are J.B. Hunt's Competitive Advantages?
1. Strong brand recognition: J.B. Hunt is a well-known and respected brand in the transportation and logistics industry, which gives it a competitive advantage over lesser-known competitors.
2. Diverse service offerings: J.B. Hunt offers a wide range of transportation and logistics services, including intermodal, truckload, and dedicated contract services. This diversification allows the company to serve a variety of customers and adapt to changing market conditions.
3. Advanced technology: J.B. Hunt has invested heavily in technology to improve its operations and customer service. This includes a proprietary transportation management system, real-time tracking and monitoring, and digital freight matching.
4. Efficient operations: J.B. Hunt has a reputation for efficient and reliable operations, which allows it to provide high-quality service to customers while keeping costs low.
5. Strong relationships with customers and suppliers: J.B. Hunt has built strong relationships with both customers and suppliers over its many years in business. This allows the company to negotiate favorable rates and secure capacity even in tight markets.
What Are J.B. Hunt's Competitive Threats?
Some competitive threats to J.B. Hunt include:
1. Other transportation and logistics companies: J.B. Hunt competes with other companies in the transportation and logistics industry, such as FedEx, UPS, and XPO Logistics.
2. E-commerce companies: With the rise of e-commerce, companies like Amazon and Walmart are expanding their logistics capabilities and could potentially compete with J.B. Hunt.
3. Autonomous vehicles: The development of autonomous trucks and delivery vehicles could disrupt the transportation industry and potentially reduce the need for human drivers, which could impact J.B. Hunt's business model.
4. Economic downturns: J.B. Hunt's business is heavily dependent on the overall health of the economy, and a recession or economic downturn could impact demand for transportation and logistics services.
5. Regulatory changes: Changes in regulations related to transportation and logistics, such as changes to hours-of-service rules or environmental regulations, could impact J.B. Hunt's operations and profitability.
Who Are Some of the Competitors of J.B. Hunt?
Some competitors of J.B. Hunt include Schneider National, Werner Enterprises, Swift Transportation, and XPO Logistics.
What Are Some of J.B. Hunt's Products and Services?
Some notable products and services from J.B. Hunt include transportation and logistics solutions, intermodal transportation, dedicated contract services, final mile delivery, and freight brokerage. They also offer technology solutions such as their J.B. Hunt 360 platform for tracking and managing shipments.
Has J.B. Hunt Acquired any Companies?
Yes, J.B. Hunt has made several notable acquisitions over the years. Some of the most significant include:
- RDI Last Mile Co. (2019): J.B. Hunt acquired this provider of home delivery services for $100 million, expanding its capabilities in the growing e-commerce market.
- Cory 1st Choice Home Delivery (2018): J.B. Hunt acquired this provider of home delivery and installation services for $100 million, further expanding its last-mile delivery capabilities.
- Special Logistics Dedicated (2017): J.B. Hunt acquired this provider of dedicated contract carriage services for $136 million, strengthening its position in the dedicated trucking market.
- Transplace (2010): J.B. Hunt acquired a majority stake in this transportation management company for $260 million, expanding its capabilities in logistics and supply chain management.