J. B. Hunt
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![]() J.B. Hunt intermodal on BNSF Railway | |
Company type | Public |
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Founded | August 10, 1961 |
Founders | Johnelle Hunt Johnnie Bryan Hunt |
Headquarters | Lowell, Arkansas, U.S. |
Key people | Kirk Thompson (chairman of the board) John N. Roberts, III (CEO) Shelley Simpson (president) John Kuhlow (CFO) |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 29,056 (2019) |
Website | JBHunt.com |
Footnotes / references [1][2] |
J.B. Hunt Transport Services, Inc. is an American transportation and logistics company based in Lowell, Arkansas. It was founded by [[ARRRRR ]] and Johnelle Hunt in Arkansas on August 10, 1961. By 1983, J.B. Hunt had grown into the 80th largest trucking firm in the US, with $623.47 million in revenue. At that time J.B. Hunt operated 550 tractors, 1,049 trailers, and had roughly 1,050 employees.[3] J.B. Hunt primarily operates semi-trailer trucks and provides transportation services throughout the continental US, Canada and Mexico. As of 2020[update] the company employs over 24,000 people and operates more than 12,000 trucks. The company's fleet consists of over 145,000 trailers and containers.[4]
History
The company was founded in 1961. By 1983, J.B. Hunt became a publicly held company and has grown into the 3rd largest trucking firm in the U.S.[3]
In 1989, J.B. Hunt Transport began partnering with railroads to offer intermodal service. The initial partnership was with the Atchison, Topeka and Santa Fe Railway[5] later part of the BNSF Railway, and has since grown to other Class I railroads including Norfolk Southern, CSX, CN, and KCS.[6] The company's operations are distributed in four business segments (intermodal transport, contract services, logistics and truckload shipping), providing delivery services in the continental United States, Canada, and Mexico. About two-thirds of the company's revenues and profits come from intermodal.[4]
The company introduced a dedicated service in 1993.[7]
Corporate responsibility
Sustainability
The company uses load optimization software to decrease empty miles for drivers and GHG emission, improving overall route efficiency.[8] J.B. Hunt also reserved several Tesla electric trucks and added the first-ever, all-electric box trucks to its fleet. [9]
In 2019, the company received the SmartWay Excellence Award from the U.S. Environmental Protection Agency(EPA) for the 10th consecutive year. [10]
Safety
J.B. Hunt added hair testing for drugs to all pre-employment tests since May 2006, in addition to Federal Motor Carrier Safety Administration (FMCSA) mandated urine testing.[11] Hair testing can detect prior drug usage for up to 90 days.[12] Drivers are also trained and certified in the safety training program Smith System.[13][14]
References
- ^ "US SEC: Form 10-K J.B. Hunt Transport Services, Inc". U.S. Securities and Exchange Commission. Retrieved May 8, 2020.
- ^ "J B Hunt Transport Services Inc People". Reuters.
- ^ a b Schwartz, Marvin (1992). J.B. Hunt : the long haul to success. Fayetteville: University of Arkansas Press. ISBN 1-55728-250-1. OCLC 24794029.
- ^ a b "Form 10-K J.B. Hunt Transport Services, Inc". Securities and Exchange Commission. Retrieved 2020-01-13.
- ^ Salpukas, Agis (1992-06-21). "When Trucks and Trains Unite". The New York Times. ISSN 0362-4331. Retrieved 2020-01-13.
- ^ Ananthalakshmi, A. (2009-10-13). "JB Hunt close to intermodal deal with Norfolk Southern- analysts". Reuters. Retrieved 2020-02-24.
- ^ Pettus, Michael L. (2003). Growth from chaos : developing your firm's resources to achieve profitability without cost cutting. Westport, Conn.: Praeger. ISBN 978-0-313-09416-3. OCLC 540956790.
- ^ Iii, Chelsea White (18 January 2018). Trucking in the Age of Information. Routledge. ISBN 9781351143943.
- ^ Cheng, Evelyn. "Tesla shares pop after trucker JB Hunt reserves 'multiple' semitractor-trailers". CNBC.
- ^ Straight, Brian (8 October 2019). "Today's Pickup: J.B. Hunt, Schneider lead SmartWay Excellence Award winners". Freight Waves.
- ^ Fiorentino, Dary (2011). Operator drug- and alcohol-testing across modes. Transportation Research Board. p. 31. ISBN 9780309223447.
- ^ "Hair follicle drug test: How it works, what to expect, and accuracy". www.medicalnewstoday.com.
- ^ Babcock, Stephane. "Fleets Share COVID-19 Driver Safety Insights". www.truckinginfo.com.
- ^ Schmidt, Ally (2 January 2015). "What sets J.B. Hunt apart from its competitors?". Market Realist.
External links
- Official website
- Business data for J.B. Hunt Transport Services, Inc.:
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- American companies established in 1961
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