J.B. Hunt Transport Services, Inc. is a transportation and logistics firm based in Lowell, Arkansas, founded by Johnnie Bryan Hunt and Johnelle Hunt in Arkansas on August 10, 1961.
J.B Hunt is a leader in Intermodal transportation and is a major North American transportation and logistics firm with 16,000 trucks and tractors and over 100,000 freight containers.
A leader in the freight transportation industry, J.B Hunt is dedicated to providing quality service and competitive pricing to its customers. They are committed to investing in people, process, technology, and innovation with an emphasis on safety for drivers and employees and the communities they serve.
J.B Hunt Transport Services Incorporated (NASDAQ: JBHT) operates primarily through its subsidiaries that provide truckload shipping services primarily within North America; provides less-than-truckload shipping services within North America.
The company provides brokerage services primarily outside of North American markets; and also offers intermodal transport across Canada, Mexico, Central America, South America, and Europe via rail or ship with terminals throughout the United States.
This company has 120,000 people on the staff; it has over 100,000 trucks and containers.
Public traded as Nasdaq: JBHT
Trucking Industry Overview
J.b. hunt is a leader in the transportation sector that is a vast network that encompasses all sorts of effective forms of transportation, such as roads, railways, ships, and planes.
Airfreight and logistics, airlines, maritime, railroads, trucking, airport services, highways, railway tracks, and marine ports and services are only a few of the sectors in the transportation industry.
Approximately 50% of employees in the transportation sector work for trucking firms, like J.B. Hunt company. Trucking is as vital to the US economy like all other aspects of the transportation industry considered together.
Trucking is a cyclical industry made up of companies that provide shipping services using tractor-trailers to clients, usually businesses. The vast majority of trucking firms operate and drive the trucks in their fleets, with some depending on leasing.
The vast majority of revenue is generated on the housing market, as shipments requiring air or sea-based transport are uncommon. As a result, these businesses have little influence from currency fluctuations across borders.
The transport industry is a good predictor of the national economy. Customers begin to ship more significant volumes of items as the economy improves, anticipating improved business conditions. On the other hand, a decrease in trucking demand might signal the start of an economic downturn.
J.B. Hunt’s intermodal service is the best in North America
J.B. Hunt is the only transportation business in the market with 100 percent company-owned containers and chassis because it owns the largest company-owned intermodal fleet in North America.
J.B. Hunt drivers have access to private express gates, which cuts down on waiting at the yard while allowing for more time on the road for company-owned containers and chassis. To ensure a safe and pleasant working environment for our drivers, 80 percent of their intermodal freight is handled no-touch.
How J.B Hunt intermodal transportation works
When you are shipping, the truck arrives at your place. The truck has a container at the back. The shipper or transporter loads things onto it. These things will not be collected until they reach their final destination.
The truck goes on the road to the rail yard. The company takes your container and puts it on a train here. The container may go to a station in the target city or be sent overseas by train.
The transportation business moves the containers. They take the container off the truck and put it on another vehicle or carry it by train to a different location before putting it on another truck.
These containers may be transported to the destination by this truck. Some businesses provide this service, and it is called “drayage.”
After the container is unloaded, it goes through an inspection by customs. It may stop at the seaport and wait for customs clearance. Customs will inspect your cargo and then finish.
Businesses often choose to use intermodal transit because it gives them the best of all three modes of transportation. They are cheaper for long distances but are also faster for international trips. But they need trucks to pick up and deliver things close by too.
This means that you can transport something from one place to another in a box or other container. You may use different modes, such as trains, ships, planes, or trucks. No one handles the cargo when they change methods.
A forklift can make it easier to move heavy things. It can lower the risk of damage and loss of cargo. And it can also be used on short trips. This makes it cheaper than using trucks, but only if the distance is not very long.
The Pros of using intermodal transport
J.B Hunt may make the delivery time shorter by using different modes of transport. Long distances can be shortened by using the fastest way of transportation. Containers are also helpful when moving goods between two methods of carriers because this saves time and effort.
The company can use trucks to transport its goods, and this gives a competitive edge. The company also has a competitive advantage because it can decrease its prices and incur low handling expenses. These costs are more predictable, so it is less expensive for the company to do this.
The safety of J.B. Hunt intermodal transportation is high because the goods are kept in containers during the trip. They also do not need much handling when changing between modes of transportation, making them less likely to be damaged through shipment.
The products are in the container. The container is not on the road. That means no one can steal them. The person watching the container has to watch it all day long, so they can’t go anywhere else.
- JB Hunt’s Intermodal Model vs Class I Railroads: Pros and Cons of Each
- Capacity crunch prompts JB Hunt to limit service
J.B. Hunt refrigerator intermodal
The rail market needs temperature-controlled food items. This product is transported in huge quantities for lengthy distances. The truck is the most common form of transport.
Perishable items are usually moved by truck because they can’t be in a container with temperature-sensitive things. They move quickly and only need a few pallets for the weight restrictions. Recently, containers have been able to do that too.
There is a small food shipping market that is growing. J.B. Hunt has invested in the industry, which means they think some people want to switch from truck to rail.
J.B. Hunt’s growth shows that intermodal operators have closed the gap with trucking in container capacity, better rail service since January 2019, and higher margins in cooled goods specialization.
J.B. Hunt is different from other trucking companies because they have a history of offering discounts to get more business. In the future, they may want to provide discounts for temperature-controlled freight, which will make it harder for other trucking companies to maintain their current pricing.
This is a new way to ship things on trains. It will make it easier because you don’t have to move everything from one place to another. You can carry many different types of food by this method because they are often shipped in large amounts to population centers.
JB Hunt captures a lot of the trucking business. If JB Hunt does this, then other companies will be forced to follow. That is how they will get more rail traffic for their businesses.
- J.B. Hunt doubling reefer fleet in search of higher margins
- Already Sizzling Demand for Refrigerated Carriers Should Heat Up More
J.B Hunt is a leader in the intermodal transport industry and has been for decades. Their competitive advantage lies in their ability to serve all modes of transportation, which allows them to quickly move cargo from one way to another as needed, depending on the shipment’s needs.
This gives shippers more options when it comes time to ship goods across long distances or between different methods of carriers – whether by rail, trucking company, ocean freight carrier, or air freight service provider.
They also provide temperature-controlled food items that are transported in huge quantities over lengthy distances; this product would be moved primarily by trucks because they can’t be shipped through other means like containers (which require an enclosed space).