JB Hunt Transport Services Inc was incorporated in the State of Arkansas on August 10, 1961, and had been a publicly held company since the initial public offering in 1983. The Company is a publicly held holding company that, together with its wholly owned subsidiaries, provides transportation services to a diverse group of customers throughout the continental United States, Canada and Mexico. The Company's service offerings include transportation of full-truckload containerized freight, which it directly transports utilizing the Company-controlled revenue equipment and company drivers or independent contractors. The Company operates in four segments, including Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truck (JBT). The transportation service offerings of JBI segment utilize arrangements with North American rail carriers to provide intermodal freight solutions for the customers throughout the continental United States, Canada, and Mexico. DCS focuses on private fleet conversion and creation in replenishment, specialized equipment, and final-mile delivery services. ICS provides traditional freight brokerage and transportation logistics solutions to customers through relationships with thousands of third-party carriers and integration with its owned equipment. By leveraging the J.B. Hunt brand, systems, and network, it provides a broader service offering to customers by providing flatbed, refrigerated, expedited, and LTL, as well as a variety of dry-van and intermodal solutions. The service offering in JBT segment is full-load, dry-van freight, utilizing tractors operating over roads and highways. Its operations as a for-hire motor carrier are subject to regulation by the U.S. Department of Transportation and the Federal Motor Carrier Safety Administration.
Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content.