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J.B. Hunt Transport Services, Inc. is one of the largest surface transportation, delivery, and logistics companies in North America, offering a wide range of services across five distinct business segments . The company specializes in intermodal transportation, dedicated contract services, integrated capacity solutions, final mile services, and truckload delivery, utilizing a vast network of resources to meet diverse customer needs . J.B. Hunt's operations are supported by a significant fleet of containers and advanced logistics platforms, contributing to its position as a leader in the industry .
- Intermodal (JBI) - Utilizes over 118,000 containers for efficient rail and truck transportation, with plans to expand to 150,000 containers by 2027, significantly contributing to the company's operations .
- Dedicated Contract Services® (DCS®) - Provides customized freight movement solutions with a high customer retention rate, supporting steady growth through tailored logistics services .
- Integrated Capacity Solutions (ICS) - Offers brokerage services by leveraging the J.B. Hunt 360 platform to match shippers with carriers, though facing challenges in the current market environment .
- Final Mile Services® (FMS) - Handles big and bulky deliveries directly to consumers' homes, showing growth in revenue quality and service metrics .
- Truckload (JBT) - Provides traditional over-the-road full truckload delivery services, including the J.B. Hunt 360box® program, offering flexible solutions despite a decline in revenue .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Darren Field Executive | President of Intermodal and Executive Vice President | None. | Darren Field joined J.B. Hunt in 1994 as a Night Dispatcher and has progressed through various roles within the company. | |
John Kuhlow Executive | Chief Financial Officer, Chief Accounting Officer, Executive Vice President | None. | John Kuhlow joined J.B. Hunt in 2006 as an Assistant Corporate Controller. He has held various roles, including Principal Financial and Accounting Officer, and is a CPA. | |
Nicholas Hobbs Executive | Chief Operating Officer, President of Contract Services, Executive Vice President | None. | Nicholas Hobbs joined J.B. Hunt in 1984 as a Management Trainee and has held various leadership roles, contributing significantly to the growth of the Contract Services division. | |
Shelley Simpson Executive | President and Chief Executive Officer | Board member of Mercy Health Foundation NWA. | Shelley Simpson has been with J.B. Hunt since 1994, starting as a customer service representative. She became CEO on July 1, 2024, and has held various leadership roles, including President of Highway Services and Chief Commercial Officer. | View Report → |
Stuart Scott Executive | Chief Information Officer and Executive Vice President | None. | Stuart Scott joined J.B. Hunt in 2016. He previously held CIO positions at Tempur-Sealy International, Microsoft, and various General Electric businesses. | |
Francesca M. Edwardson Board | Director | Chair of the Compensation Committee at Duluth Holdings, Inc.; Board Chair at Lincoln Park Zoo; Board Member at Rush University Medical Center. | Francesca M. Edwardson has been a director at J.B. Hunt since 2011. She has extensive experience in the transportation industry and legal environment, previously serving as CEO of the American Red Cross of Chicago and Northern Illinois. | |
Persio Lisboa Board | Director | Chairman of the Remuneration Committee at James Hardie Industries plc; Board position at Broadwind Energy, Inc.. | Persio Lisboa joined the J.B. Hunt Board in 2023. He had a 35-year career at Navistar, Inc., serving as President and CEO before retiring in 2021. | |
Sharilyn S. Gasaway Board | Director | Chair of the Audit Committee for Genesis Energy, LP. | Sharilyn S. Gasaway has been a director at J.B. Hunt since 2009. She has experience as Executive Vice President and CFO of Alltel Corp., managing its transition through a major buyout and merger. | |
Thad Hill Board | Director | President and CEO of Calpine Corporation. | Thad Hill joined the Board of Directors at J.B. Hunt in 2021. He is the President and CEO of Calpine Corporation and serves on the Executive Compensation Committee and the Nominating and Corporate Governance Committee. |
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Given the continued pressure on Intermodal margins and the challenges in restoring them, could you elaborate on the specific pricing actions and cost initiatives you are implementing to achieve your margin targets, and how sustainable are these measures in the long term?
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With the integration of the brokerage assets from BNSF Logistics resulting in additional operating expenses and a $2 million negative impact this quarter, how do you plan to address these integration costs, and when do you expect to see a meaningful improvement in ICS profitability?
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In light of increased competition in the dedicated market and reports of private fleets expanding their own capacity, how are you adjusting your sales strategy to secure new dedicated contracts, and are you seeing any pressure on pricing or margins in this segment?
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Considering the significant cost inflation across the industry and the current low rates that you believe are unsustainable, how confident are you in your ability to implement necessary pricing increases in the upcoming bid season without sacrificing volume growth, especially given the excess capacity in the market?
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With the anticipated shift in market dynamics and your focus on repairing margins, what specific steps are you taking to prepare for a potential market upturn, and how are you balancing investments in capacity and technology with the need for cost control to ensure acceptable returns on capital?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Major Customer A | Conducts business across all 5 segments | All | Contributed 11% of 2024 total revenue (~$1.33B out of $12.09B total) |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
BNSF Logistics, LLC | 2023 | Acquired for $85.0 million in cash, this business combination involved obtaining substantially all brokerage assets and assuming specific liabilities, with a detailed allocation that included approximately $12.4 million in goodwill and $41.9 million in definite-lived intangible assets. The acquisition bolsters J.B. Hunt’s Integrated Capacity Solutions segment by strengthening its brokerage operations and aligning with the company’s long-term strategy and synergy with BNSF. |
Alterri Distribution Center, LLC | 2022 | Acquired for $31.0 million in cash, this deal within the Intermodal business segment included $8.7 million in recorded goodwill and $0.9 million in definite-lived intangible assets, along with other operational assets and liabilities, all recorded at fair values. The acquisition strategically enhanced operations by leveraging Alterri's established operating model and geographic location for expected synergies. |
Zenith Freight Lines, LLC | 2022 | Acquired for $86.9 million in cash (adjusted to $87.1 million after working capital adjustments), this deal for the Final Mile Services segment included key assets such as accounts receivable, property, intangible assets, and recorded goodwill of approximately $11.2‑$12.4 million, alongside definite-lived intangible assets valued at around $41.9‑$42.7 million. The acquisition aimed at expanding J.B. Hunt’s Final Mile Services capabilities and contributed roughly $28 million in revenue during Q2 and Q3 2022, emphasizing network synergies and operational growth. |
Recent press releases and 8-K filings for JBHT.
- Q1 2025 Financial Highlights: Reported $2.92 billion in revenue, $117.7 million in net earnings, and EPS of $1.17, reflecting modest declines with a 1% drop in revenue, 8% lower operating income, and 4% lower diluted EPS versus last year .
- Cost & Margin Management: The company is aggressively managing costs amid inflationary pressures and rising insurance premiums through pricing discipline and operational efficiencies, and is prepared to walk away from unprofitable business to protect margins .
- Segment Performance: Intermodal revenue increased by 5% to $1.47 billion, while Truckload operating income improved significantly despite declines in Dedicated, Integrated Capacity Solutions, and Final Mile Services .
- Capital Actions: Issued $750 million in senior notes and repurchased $234 million of stock (approximately 1.4 million shares), with $650 million remaining under its share repurchase authorization .
- CapEx Guidance: Revised 2025 net capital expenditure outlook to $500–700 million .
- Dedicated Segment Strength: Achieved approximately 260 new truck deals, underscoring robust performance in this key segment .
- J.B. Hunt Transport Services Inc. has launched a $750 million 4.900% Senior Notes issuance due in 2030, as detailed in the filing.
- An underwriting agreement was executed with representatives from Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, and a second supplemental indenture was concluded on March 13, 2025.
- The offering is supported by a Registration Statement on Form S-3 (Registration No. 333-270011) and includes a note guarantee by the Guarantor, ensuring that the Notes rank equally with the existing and future senior debt.