J. B. Hunt
Encyclopedia
Truck
A truck or lorry is a motor vehicle designed to transport cargo. Trucks vary greatly in size, power, and configuration, with the smallest being mechanically similar to an automobile...
ing and transportation company that was founded by Johnnie Bryan Hunt
Johnnie Bryan Hunt
Johnnie Bryan Hunt, Sr. , better known as J. B. Hunt, was an American entrepreneur who founded J.B. Hunt Transport Services, the largest publicly owned trucking company in the USA. His company is based in Lowell, Arkansas.- Personal background :Hunt was born in Heber Springs, Arkansas...
, and based in the Northwest Arkansas city of Lowell
Lowell, Arkansas
Lowell is a city in Benton County, Arkansas, in the United States. As of the 2000 census, the city population was 7,327. It is part of the Fayetteville–Springdale–Rogers, AR-MO Metropolitan Statistical Area....
. J.B. Hunt Transport Services, Inc. was incorporated in Arkansas on August 10, 1961 and originally started with five trucks and seven refrigerated trailers to support the original rice hull business. By 1983, J.B. Hunt had grown into the 80th largest trucking firm in the U.S. and earned $63 million in revenue. At that time J.B. Hunt was operating 550 tractors, 1,049 trailers, and had roughly 1,050 employees.
Today this company has grown into one of the largest transportation companies in the United States with annual revenues of over $3 billion. J.B. Hunt primarily operates large semi-trailer truck
Semi-trailer truck
A semi-trailer truck, also known as a semi, tractor-trailer, or articulated truck or articulated lorry, is an articulated vehicle consisting of a towing engine , and a semi-trailer A semi-trailer truck, also known as a semi, tractor-trailer, or (in the United Kingdom and Ireland) articulated truck...
s, and provides transportation services throughout the continental United States, Canada and Mexico. The company currently employs over 16,000 employees and operates in excess of 12,000 trucks. Over 47,000 trailers and containers can be found in the company's fleet.
J.B. Hunt's major competitors in the United States are YRC Worldwide, Inc., Swift Transportation
Swift Transportation
Swift Transportation is a Phoenix, Arizona based publicly held American truckload motor shipping carrier, the largest in the United States with over 16,000 trucks.-About:...
, Schneider National
Schneider National
Schneider National, Inc. is the largest privately owned truckload carrier in North America. Headquartered in Green Bay, Wisconsin, the company maintains 23 regional operating centers in the United States. The company was founded in 1938 by A.J. Schneider....
and Werner Enterprises
Werner Enterprises
Werner Enterprises, Inc. was founded in 1956 by Clarence L. Werner. It is a transportation and logistics company, headquartered in Omaha, Nebraska, United States. It ships to the USA, Canada, Mexico, Asia, Europe and South America. Werner has regional offices throughout North America, in China...
.
J.B. Hunt Transport was a leader in the industry in technology and operation. In 1989, J.B. Hunt Transport started partnering with railroads to offer intermodal service. Today, 40% of the company’s revenues and 50% of its profits come from intermodal. The company also launched a specialized trucking service division along with a flatbed operation, which was later sold.
Business segments (divisions) within J.B. Hunt
Dedicated Contract Service (DCS): Started in 1992. DCS operations typically provide customized services that are governed by long-term contracts and currently include dry-van, flatbed, temperature-controlled, dump trailers and local inner-city operationsIntermodal (JBI): The JBI segment began operations in 1989 with a partnership with the former Santa Fe Railway (now the BNSF Railway
BNSF Railway
The BNSF Railway is a wholly owned subsidiary of Berkshire Hathaway Inc., and is headquartered in Fort Worth, Texas. It is one of seven North American Class I railroads and the second largest freight railroad network in North America, second only to the Union Pacific Railroad, its primary...
Company). Essentially, JBI draws on the intermodal (also known as "container on flatcar") services of rail carriers for the underlying linehaul movement of its equipment and performs the pickups and deliveries ("drayage") for customers at the origin and destination rail terminal locations. May directly provide the drayage service at either the origin or destination rail ramp using company-controlled tractors, or they purchase these services from third parties.
Integrated Capacity Solutions (ICS): This segment includes full truckload, dry-van freight, using company-controlled tractors operating over roads and highways.
Truck: This segment includes full truckload, dry-van freight, using company-controlled tractors operating over roads and highways.