J.B.Hunt 360

The future of digital freight matching: Going beyond brokerage

Currently, 79% of the U.S. population uses a smartphone. Digital freight-matching (DFM) platforms see the upward momentum of smartphone adoption as potential capacity growth on their platforms and a real opportunity to fuel efficiency as cargo moves from point A to point B. DFM has revolutionized how carriers find loads ⁠— supporting the national economy’s dependence on trucks to deliver 70% of all freight transported within the U.S.  

But a staggering 97% of carriers in the U.S. that own 20 or...

https://s29755.pcdn.co/news/the-future-of-digital-freight-matching-going-beyond-brokerage

J.B. Hunt 360 integrates with KeepTruckin freight marketplace

J.B. Hunt Transportation Services Inc. (NASDAQ:JBHT), an asset-based supply chain leader, on Thursday announced a freight marketplace integration with KeepTruckin, a fleet management solution. Freight available within J.B. Hunt 360, the company’s technology solution, will be accessible within KeepTruckin’s Smart Load Board, generating new capacity for J.B. Hunt customers.

“The KeepTruckin Smart Load Board is the first and only ELD-based freight marketplace that automatically matches loads based...

https://www.freightwaves.com/news/j-b-hunt-360-integrates-with-keeptruckin-freight-marketplace

Weather hits J.B. Hunt’s Q1; intermodal prospects favorable

Intermodal segment most impacted by bad weather

In an appearance at an investor conference on Wednesday, management from J.B. Hunt Transport Services (NASDAQ: JBHT) said the recent stretch of inclement weather is likely to hit first-quarter operating income by $15 million to $20 million.

The company reported operating income of $155 million in the first quarter of 2020 and $208 million during the fourth quarter as a comparison.

John Kuhlow, J.B. Hunt’s CFO, said the winter storms produced “probably one of the hardest winters that we’ve ever...

https://www.freightwaves.com/news/weather-hits-jb-hunts-q1-intermodal-prospects-favorable

J.B. Hunt partners with Google on technology, product development

Hunt says visibility and prediction models will be released this year

On Wednesday night, leading multimodal transportation provider J.B. Hunt (NASDAQ: JBHT) and Google (NASDAQ: GOOG) announced a multiyear strategic alliance intended to combine J.B. Hunt’s vast transportation and logistics data lake, built during a yearslong digital transformation, and Google’s expertise in artificial intelligence and machine learning.

“J.B. Hunt has the largest digital freight platform in North America, and...

https://s29755.pcdn.co/news/jb-hunt-partners-with-google-on-technology-product-development

Bid season to determine J.B. Hunt’s intermodal margin target

J.B. Hunt's intermodal expectations dominate conference appearance

Expectations around long-term intermodal margins were the main topic at J.B. Hunt Transport Services’ (NASDAQ: JBHT) appearance at the Citi 2021 Global Industrials Virtual Conference on Tuesday.

The company’s president and CEO, John Roberts, said management plans to evaluate this season’s bid cycle before making a final determination. On the company’s fourth-quarter call in January, management acknowledged the intermodal segment had been lagging the long-term goal of 11% to 13% in recent years...

https://s29755.pcdn.co/news/bid-season-to-determine-jb-hunts-intermodal-margin-target

J.B. Hunt warns intermodal margin target may be reduced

Margin targets up for review in 2021

On J.B. Hunt Transport Services’ (NASDAQ: JBHT) fourth-quarter conference call, management said it would review long-term margin expectations throughout all of the company’s divisions in 2021, including the 11% to 13% target for the intermodal segment.

The Lowell, Arkansas-based company reported earnings per share of $1.44 after the market close on Tuesday, beating the consensus estimate of $1.30 and the year-ago result of $1.35.

Headwinds could alter long-term intermodal margin

target

The amount...

https://www.freightwaves.com/news/jb-hunt-warns-intermodal-margin-target-may-be-reduced

J.B. Hunt first look: Q4 beats expectations

J.B. Hunt's Q4 ahead of forecasts

J.B. Hunt Transport Services (NASDAQ: JBHT) reported fourth-quarter earnings per share of $1.44, ahead of the $1.30 consensus estimate and the year-ago result of $1.35.

Revenue increased 12% year-over-year to $2.74 billion, up 18% excluding fuel surcharges. The press release cited more than 50% growth in its brokerage and truck divisions as the reasons for the increase. Both segments were noted as benefiting from capacity available through digital freight platform Marketplace for J.B. Hunt 360.

Fr...

https://s29755.pcdn.co/news/jb-hunt-first-look-q4-beats-expectations

Refining innovation lands J.B. Hunt in FreightTech 25 top 10

J.B. Hunt Chief Commercial Officer Shelley Simpson presenting at FreightWaves Live Chicago 2019

Technology and innovation have become the hallmark of one of North America’s largest supply chain solutions providers, J.B. Hunt Transport Services (NASDAQ: JBHT). The company took home another top-10 finish, sliding three spots to No. 7 on the 2021 FreightTech 25.

The Lowell, Arkansas-based company has become well known for its digital transformation, which has centered on a $500 million investment in digital freight platform J.B. Hunt 360. The 360 marketplace connects shippers and carriers to...

https://s29755.pcdn.co/news/refining-innovation-lands-jb-hunt-in-freighttech-25-top-10

J.B. Hunt sees elevated demand through at least Q1

JBI rig on highway

Management from J.B. Hunt Transport Services (NASDAQ: JBHT) said a high-demand environment is likely to continue through at least the first quarter of 2021.

In a virtual presentation at Baird’s 2020 Global Industrial Conference on Tuesday, Shelley Simpson, chief commercial officer and president of highway services, described the current freight market as “tight” and “more chaotic” than expected, noting ongoing dislocation in volumes and capacity. The influx of containers to the West Coast has...

https://s29755.pcdn.co/news/jb-hunt-sees-elevated-demand-through-at-least-q1

Brokers using digital freight matching win more freight and satisfied shippers

J.B. Hunt truck drives on highway next to plateau

The growing interest in digital freight matching platforms shows that traditional third party logistics (3PL) providers recognize the sweeping technological shifts in the industry and are ready to sign-up. In the past six months, the industry has seen all market types due to the volatility of the supply chain and economy in light of COVID-19. It makes sense that brokerages, large or small, are pivoting toward more abundant and secure sources of capacity available in a digital marketplace.

“When...

https://s29755.pcdn.co/news/brokers-using-digital-freight-matching-win-more-freight-and-satisfied-shippers

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