Just weeks after a federal judge sided with the company and decertified a class of about 11,000 current and former drivers who filed suit, J.B. Hunt has reportedly reached a $15 million settlement with the drivers.
A panel of experts from all sides of the market confronts the driver squeeze, and says productivity improvements could be like adding new drivers.
Goldman Sachs issued a report last week highlighting the risks to incumbent brokerages’ margins and market shares, with useful information about the brokerage landscape and recent developments in VC funding that have powered new entrants.
In today’s pickup: J.B. Hunt and marijuana testing; a court case about something that doesn’t exist; another FMCSA listening session
J.B. Hunt has a zero tolerance policy toward testing positive for marijuana and uses hair testing to back it up. Will that hold up as legalization spreads?
J.B. Hunt announced the release of their large-scale rewards program for drivers, 360 Perks.
Without self-driving trucks, what is the point of Uber Freight?
Uber Freight is poised to rise quickly in the fragmented freight brokerage business, but there are some factors that could hinder its growth: limited market penetration of digital apps, the Uber Freight app’s weak intelligence into routes and hours of service, and incumbents’ tech investments.
In December 2017, XPO was considered an acquisition target by Amazon and Home Depot. We argue that there is a much better fit with this massive and storied trucking operation.
A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.
A class-action lawsuit against J.B. Hunt will head to trial this September after the Supreme Court refused to review the transportation giant’s appeal to overturn a ruling issued by the U.S. Court of Appeals for the Ninth Circuit.
Rhode Island begins tolling trucks today; SCOTUS rejects review request by JB Hunt on California case; Rolls-Royce engine problems spread; transportation companies fret over tariffs; Waymo to buy up to 62,000 Chrysler Pacificas.
With transport stocks surging, some market watchers are hopeful that the current expansion period will continue despite downturns in the broader market earlier this year.
Everyone sees the market as strong and staying that way, but are there other headwinds in the trucking sector?
As blockchain technology works its way into the transportation ecosystem, there is remains plenty to learn about its potential, but its success will depend on multiple parties working together.
The third installment of CarrierLists and FreightWaves load sourcing survey has more of the same. We dig a little deeper to see something about the industry that is seemingly obvious, but is it?
The third installment of CarrierLists and FreightWaves load sourcing survey has more of the same. We dig a little deeper to see something about the industry that is seemingly obvious, but is it?
The first major transportation provider out of the box with first-quarter earnings has posted a better-than-expected result in revenues with J.B. Hunt Transport Services topped revenue estimates for the quarter.
FreightWaves adds stock tickers for publicly traded stocks in the freight space
Dealing with the tight market for drivers in multiple parts of the JB Hunt business.
Psychemedics Corporation says they have developed a test which eliminates false positives and has been vetted by the FBI.
Blockchain in Transport Alliance (BiTA), the largest industry-specific blockchain standards organization in the world, today announced its newest member, J.B. Hunt Transport Services, Inc., one of the largest supply chain solutions providers in North America.
Blockchain in Transport Alliance (BiTA), the largest industry-specific blockchain standards organization in the world, today announced its newest member, J.B. Hunt Transport Services, Inc., one of the largest supply chain solutions providers in North America.
Transport stocks were not immune to the big sell-off on Wall Street on Monday, with the Dow Jones Transport Index falling 336.77 points to 10,350.41, a 3.15% fall on the day.
J.B. Hunt’s quarterly earnings call reports strong revenues and earnings, but gets a huge hand from tax reform
Jim Johnston, longtime president and CEO of the Owner-Operator Independent Drivers Association (OOIDA), has passed away following a year-long battle with lung cancer, the association announced Monday evening.
JP Morgan likes FedEx, Schneider, Canada Pacific, and JB Hunt–‘sells’ include Union Pacific, Knight-Swift, and CH Robinson.
A jury has awarded $15.57 million to Isaac Espinoza, who was struck by a tractor-trailer driven independent contractor Ricky Hatfield while assisting a friend on the side of I-81 north. The jury also held the broker who contracted with Hatfield partially responsible.
As larger items such as appliances and furniture are increasingly being purchased online, the need for more “white glove” delivery services is leading carriers to look at acquiring or partnering with companies that specialize in this area.
J.B. Hunt Transport Services has opened a new 144,000-square-foot corporate building in Lowell, Ark. The new building grows J.B. Hunt’s headquarters to over 494,000 square feet.
After a start to earnings season that saw both J.B. Hunt and C.H. Robinson miss expectations, transport stocks received a boost as both Werner Enterprises and Swift Transportation reported better-than-expected reports.
J.B. Hunt has acquired Specialized Logistics Dedicated for $136 million. The move expands the firm’s access to last-mile distribution services.
Facebook founder Mark Zuckerberg visited the Iowa 80 truck stop last week, taking time to talk to truck drivers and learn about life on the road. Also, Amazon wants to build a drone platform, a lack of warehouse space and J.B. Hunt tests augmented reality.
J.B. Hunt is investing $2.75 million in the University of Arkansas for creation of the J.B. Hunt Innovation Center of Excellence. The center will allow students to work with J.B. Hunt employees to solve real-word supply-chain problems. Also, tips on surviving a ransomware attack, consumer spending rises, and if there are so many jobs available, where are the workers?
