Company Description
J.B. Hunt Transport Services Inc (NASDAQ: JBHT) is a transportation and logistics company in the general freight trucking, long-distance, truckload industry within the broader transportation and warehousing sector. The company describes its vision as creating the most efficient transportation network in North America and focuses on generating value for customers by eliminating waste, reducing costs and enhancing supply chain visibility.
J.B. Hunt Transport Services Inc is an S&P 500 company and a component of the Dow Jones Transportation Average. Its common stock trades on the NASDAQ under the ticker symbol JBHT, as disclosed in its SEC filings. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. According to company disclosures, J.B. Hunt is powered by one of the largest company-owned fleets in the United States and third-party capacity accessed through its J.B. Hunt 360° digital freight marketplace.
Business model and services
The company states that its services span the freight journey from first mile to final delivery. Its service offerings, as described in company materials, include:
- Intermodal – freight transportation that combines truck and rail, using rail carriers for the underlying line-haul movement of containers.
- Dedicated – dedicated contract services that provide customer-specific fleet needs.
- Refrigerated – temperature-controlled freight transportation.
- Truckload – for-hire truckload services for full truckload shipments.
- Less-than-truckload (LTL) – services for shipments that do not require a full trailer.
- Flatbed – flatbed transportation for freight requiring open-deck equipment.
- Single source – arrangements in which J.B. Hunt acts as a primary or single logistics provider.
- Last mile – final mile services for delivery of goods to end destinations.
- Transload – services that move freight between different modes or equipment.
In prior financial disclosures, J.B. Hunt has also broken out its operations into major segments such as Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). These segment names appear in the company’s earnings releases and segment reporting. Intermodal and Dedicated Contract Services represent significant portions of consolidated revenue, with ICS, FMS and Truckload contributing additional revenue and earnings.
Technology and J.B. Hunt 360°
J.B. Hunt highlights its mode-neutral approach and the use of its J.B. Hunt 360° digital freight marketplace as central to its strategy. According to the company, J.B. Hunt 360° provides access to third-party capacity and supports the company’s ability to meet the unique shipping needs of various businesses. The company also references a 360box service offering within its Truckload segment, which is tied to the J.B. Hunt 360° platform and is used to grow capacity and capability for certain trailer-based services.
The company emphasizes disciplined investments in people, technology and capacity as a way to support long-term growth. In its earnings commentary, J.B. Hunt frequently references initiatives to lower its cost to serve, improve productivity and enhance network balance, particularly within its Intermodal and Truckload operations.
Financial reporting and segments
J.B. Hunt provides detailed segment reporting in its quarterly earnings releases. These releases describe how revenue and operating income are distributed across Intermodal, Dedicated Contract Services, Integrated Capacity Solutions, Final Mile Services and Truckload. For example, in recent periods, Intermodal and Dedicated Contract Services together accounted for a substantial majority of consolidated revenue, with ICS, FMS and Truckload representing smaller but meaningful shares.
The company’s earnings releases also discuss factors that affect performance, such as changes in load volume, revenue per load, productivity metrics (including revenue per truck per week in DCS), equipment utilization, insurance and claims expense, and purchased transportation costs. While these figures change over time, they illustrate that J.B. Hunt’s business model is closely tied to operational efficiency, cost management and the balance between company-owned equipment and third-party capacity.
Capital allocation and shareholder returns
J.B. Hunt’s Board of Directors has authorized regular quarterly dividends on its common stock, as disclosed in multiple dividend announcements. The company has also adopted share repurchase programs, including a new share repurchase authorization of up to $1 billion of its common stock, to be executed subject to market conditions, cash flows, securities law limitations and other factors. These actions indicate that capital allocation to dividends and share repurchases is an ongoing consideration for the company’s leadership.
Corporate governance and leadership changes
J.B. Hunt reports executive leadership changes through Form 8-K filings and press releases. For example, an 8-K filing and related press release disclosed the appointment of A. Brad Delco as Executive Vice President and Chief Financial Officer, effective September 1, 2025, with details regarding his compensation structure and equity awards. The same filing noted that the prior Chief Financial Officer would continue to serve as Chief Accounting Officer. These disclosures reflect the company’s compliance with SEC requirements regarding material changes in executive leadership and compensation arrangements.
Regulatory status and listing
According to its SEC filings, J.B. Hunt Transport Services Inc is incorporated in Arkansas and its common stock is registered under Section 12(b) of the Securities Exchange Act of 1934. The filings list the company’s trading symbol as JBHT on the NASDAQ exchange. The company files periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, and uses these filings to report financial results, executive appointments and other material events.
Role in the transportation and warehousing sector
Within the transportation and warehousing sector, J.B. Hunt positions itself as a supply chain solutions provider and one of the largest surface transportation companies in North America by revenue, according to the Polygon description and company statements. Its combination of intermodal, dedicated, truckload, brokerage (through Integrated Capacity Solutions), final mile and other services, together with its digital freight marketplace, supports a mode-neutral approach that can connect shippers with capacity across different transportation modes.
The company’s recurring references to operational excellence, safety performance, cost discipline and network efficiency in its earnings releases underscore the operational nature of its business model. J.B. Hunt’s focus on productivity metrics, cost to serve, and network balance in segments such as Intermodal and Truckload illustrates how it manages its assets and partnerships to deliver transportation and logistics services across North America.