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J.B. Hunt Transport Services Inc. reports developments in North American supply chain and surface transportation operations. The company provides intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single-source, last mile and transload services, using company-owned fleet capacity and third-party capacity through the J.B. Hunt 360° digital freight marketplace.
Recurring news for JBHT includes U.S. GAAP earnings releases, segment trends in Intermodal, Dedicated Contract Services, Truckload and Integrated Capacity Solutions, quarterly dividend actions, investor conference participation, safety programs, sustainability recognition and common stock listing updates. Company updates also reference its role as an S&P 500 company and a component of the Dow Jones Transportation Average.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) secured the seventh position on FreightWaves' 2021 FreightTech Awards, acknowledging its innovation in the transportation sector. This recognition highlights the company's consistent performance, ranking among the top companies for three consecutive years since the awards began in 2019. J.B. Hunt's technology platform, J.B. Hunt 360°, continues to evolve, enhancing digital freight matching across various transportation modes. New features like electronic bill of lading have streamlined operations, showcasing the company's commitment to advancing supply chain solutions.
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J.B. Hunt Transport Services (NASDAQ: JBHT) will participate in two upcoming virtual conferences: Baird's Global Industrial Conference on November 10, 2020, at 10:15 a.m. ET and Stephens’ Annual Investment Conference on November 17, 2020, at 10:00 a.m. ET. The events will feature fireside chats accessible via the investor section of their website. The company cautions that discussions may include forward-looking statements subject to uncertainties. For updates, interested parties can visit www.jbhunt.com.
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has declared a quarterly dividend of $0.27 per common share, set to be paid on November 20, 2020. Stockholders must be on record by November 6, 2020 to receive the dividend. This reflects the company's commitment to returning value to shareholders. As an S&P 500 company, J.B. Hunt provides innovative supply chain solutions, utilizing a multimodal approach to enhance operational efficiency across various transport services.
J.B. Hunt Transport Services reported third quarter 2020 net earnings of $125.5 million, or $1.18 per diluted share, compared to $118.4 million or $1.10 per share in Q3 2019. Total operating revenue reached $2.47 billion, up from $2.36 billion in the prior year, driven by a 25% increase in revenue per load in Integrated Capacity Solutions. Operating income totaled $175.5 million, reflecting an increase from $167.9 million in Q3 2019. However, despite revenue growth, challenges remain with rising costs, particularly in rail transportation and driver wages.