JB Hunt Trans Stock Price, News & Analysis

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has launched a new transload service to enhance freight movement in the New York metro area amid nationwide congestion. This service, managed from an expanded facility in Jersey City, New Jersey, offers port drayage, transloading, and inland linehaul solutions, crucial for the upcoming holiday season. The facility features a 25,000 square-foot area with 24/7 service, strategically located near major railroads and ports. J.B. Hunt aims to improve supply chain agility with this initiative, leveraging its extensive fleet and technology platform.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will present at the Baird 2021 Global Industrial Conference on November 9, 2021, at 3:45 p.m. ET. COO Nick Hobbs, CFO John Kuhlow, and SVP Stacey Griffin will address key themes. The event is accessible via the company’s website, where a replay will also be available. The presentation may contain forward-looking statements with inherent risks and uncertainties, as noted in their Annual Report. J.B. Hunt provides multimodal supply chain solutions in North America.

J.B. Hunt Transportation Services Inc. (NASDAQ: JBHT) announced its J.B. Hunt 360°® technology solution integration within the SAP® ERP application. This collaboration aims to create a unified platform for logistics management, enhancing efficiency for businesses. Users can access J.B. Hunt 360's freight-matching capabilities directly from SAP, allowing swift scheduling and shipment tracking. The integration is expected to automate manual tasks, particularly benefiting small and medium-sized enterprises, thereby streamlining their operations.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has declared a quarterly dividend of $0.30 per share, payable to stockholders on November 19, 2021, with record holders as of November 5, 2021. The company, a component of the S&P 500 and the Dow Jones Transportation Average, offers a range of supply chain solutions across North America, emphasizing an integrated, multimodal approach to enhance operational efficiency and value.

J.B. Hunt Transport Services reported impressive third quarter 2021 results, with revenue of $3.14 billion, a 27% increase year-over-year. Net earnings reached $199.8 million or $1.88 per share, compared to $125.5 million or $1.18 in Q3 2020. All segments saw double-digit growth, especially Truckload (up 87%) and Integrated Capacity Solutions (up 55%). Operating income rose 56% to $273.8 million. However, challenges such as labor shortages and higher costs in several areas were noted.

J.B. Hunt Transport Services (NASDAQ: JBHT) awarded over $1.6 million in safety bonuses to 116 drivers at its annual Million Mile Celebration in Lowell, Arkansas. This year marks the 20th anniversary of the event, recognizing drivers who have achieved up to five million miles without preventable accidents. The ceremony also featured the Million Mile Walk of Fame, honoring drivers for their commitment to safety. The event was postponed in 2020 due to the pandemic, and this year's celebration acknowledged accomplishments over the last two years.

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) has announced a contribution of $1.25 million to the American Foundation for Suicide Prevention (AFSP). This funding will enhance national programs aimed at suicide prevention and mental health awareness. J.B. Hunt's commitment builds on its previous collaborations with AFSP, focusing on providing education and resources. The company participated in AFSP's Out of the Darkness Walk on September 26 during National Suicide Prevention Awareness Month, promoting mental health within its corporate culture.